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Argentineans protest against $7 billion debt deal

Reuters Videos
Updated

"The government of Alberto Fernandez and Cristina Fernandez de Kirchner pretends to support the most vulnerable, that is what they say but what they are really doing is the opposite," Argentine congressman Juan Carlos Giordano told Reuters during the protest. "Macri got us indebted and now Alberto Fernandez who is paying."

Argentina's Buenos Aires province government got support from the majority of its creditors for a planned $7 billion debt restructuring, provincial finance minister Pablo Lopez told Reuters on Monday, despite pushback from some bondholders.

Lopez said the province would formalize the debt exchange offer to creditors in the coming days and that it expected to reach the necessary threshold of creditor support to successfully restructure the debt.