Wednesday, January 13, 2016

'Failing to settle the debt has been extremely expensive for Argentina'

Finance Minister Alfonso Prat Gay today said the debt Argentina holds with the so called “culture” funds totals 9.882 billon dollars blaming the previous administration for letting the debt raise.

'Failing to settle the debt has been extremely expensive for Argentina,” the minister told a news conference this afternoon. “We want to solve it,” he added stating in this first meeting in New York with mediator Daniel Pollack, Argentina will not make a formal proposal.