LATAM round-up: Bigger than they thought
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LATAM round-up: Bigger than they thought

Argentina's default $800 million more than commonly assumed.

The financial office of Argentina in London would like to make it clear that the sovereign actually defaulted on $81.8 billion of debt in December 2001 and not $81 billion as is commonly assumed. Obviously, the crisis was much worse than everyone imagined – by an extra $800 million.

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