Feb
29
Argentina Reaches Deal With Hedge Funds Over Debt
By
“This is a giant step forward in this long-running litigation,” Daniel A. Pollack, the court-appointed mediator, said on Monday. But, he added, it is “not the final step.”
CreditLouis Lanzano for The New York Times
Argentina has agreed to pay $4.65 billion to four hedge funds in a deal that could put an end to more than a decade of mudslinging and legal attacks that had cut the country off from global financial markets.
The agreement, announced on Monday, opens the door for Argentina to attract foreign investment needed to revive its stalling economy…
Argentina Reaches Deal With Hedge Funds Over Debt
