Argentine Front-Runner for President Is Expected to Resolve Standoff With U.S. Hedge Funds
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Two homeless men in Buenos Aires in front of campaign posters for presidential candidate Daniel Scioli. If elected, he is expected to seek a compromise with hedge funds over nearly $100 billion of bonds on which Argentina defaulted. CreditJorge Saenz/Associated Press
BUENOS AIRES — As Argentina prepares for a new president, a glimmer of hope has emerged that a ferocious standoff with American hedge funds may be resolved within months.
On Sunday, Argentines will vote on who will succeed President Cristina Fernández de Kirchner. The front-runner, Daniel Scioli, has at times shared her taste for fiery populist oratory.
Nonetheless, if elected president, he is expected to quietly seek a compromise with the hedge funds over nearly $100 billion of bonds that Argentina defaulted on in 2001…
Argentine Front-Runner for President Is Expected to Resolve Standoff With U.S. Hedge Funds
