Hidden among the long-running Argentina debt saga is a small snippet of good news for a sub-set of investors who have suffered a torrid time throughout the last two decades of Argentine debt negotiations.
The story starts all the way back in 2001.
Italian banks then held roughly €15 billion in Argentine debt that was clearly heading for default.
The euro was being introduced then, and suddenly there were a lot of Italian retail investors looking aghast at the new low eurozone interest rates.
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