News of debt

Dilemmas and defining factors

13-02-2021 10:36 Two entirely different news items at opposite ends of the past week might well be the shape of defining factors in this year’s elections.

What we learned this week: February 6 to 13

13-02-2021 10:32 Our pick of the stories from the last seven days in Argentina.

YPF avoids March default with 60% support for key bond swap

12-02-2021 01:11 YPF SA swaps almost 60% of a key bond due in March, saving the company millions of dollars in debt payments and avoiding a costly default next month.

IMF’s woes in Latin America set to grow after Ecuador vote

09-02-2021 17:01 IMF risks having to renegotiate its second multi-billion dollar loan in Latin America in as many years following Ecuador’s presidential election.

YPF creditors reject last debt offer as deadline looms

05-02-2021 00:49 Largest group of creditors reject latest debt restructuring offer, just days before the expiration of its US$6.2-billion bond proposal.

Guzmán plans Washington trip to ramp up IMF talks

04-02-2021 15:40 Economy minister likely to travel to United States before end of February; IMF spokesperson says Fund is working “hard” to reach an agreement with Argentina.

Pandemic costs sent primary fiscal gap to 6.5% of GDP

23-01-2021 09:59 Fiscal deficit skyrocketed last year to highest since 1993, as the pandemic forced increase in social spending.

Argentina greets Biden’s inauguration with mixed messages

23-01-2021 08:46 President Alberto Fernández on Thursday sent his new United States colleague Joe Biden a congratulatory letter which contrasted in both cordiality and length with a terse Foreign Ministry statement the previous day.

Telefónica sells mobile masts in Europe, Latin America for 7.7 billion euros

13-01-2021 10:13 Spain’s Telefónica to sell its telephone masts in Europe and Latin America to US-based telecom infrastructure firm American Towers Corp for US$9.4 billion in cash.

What we learned this week: January 2 to 9

09-01-2021 08:24 Our pick of the headlines from the last seven days in Argentina.

Vaccines, ambassadors and cabinet shake-ups

26-12-2020 09:29 With a Cabinet that is already on shaky ground and a dangerous combo of pandemic and stagflation on the horizon, President Fernández faces a tough start to 2021.

by Agustino Fontevecchia

Should he stay or should he go?

19-12-2020 08:31 The series of reversals of Martín Guzmán’s 2021 policies sends a clear message: austerity will not be tolerated, much less so in an electoral year.

by Agustino Fontevecchia

What we learned this week: November 21 to 28

28-11-2020 09:04 Our pick of the stories from the last seven days (with the exception of just a mention of Maradona).

by Michael Soltys

November’s sky is chill and drear

21-11-2020 10:51 With the government falling into line with the quarantine fatigue felt by much of the nation, a vacuum has opened up in the public agenda. There was already plenty of jostling last week to fill it – from both wings of the coalition government.

On the verge of another nervous breakdown?

14-11-2020 09:16 More of the usual will generate similar outcomes as we’ve seen in the past: stagflation, polarisation, and a growing bureaucracy. It’s time for our political class to take charge of the situation to avert another disaster.

by Agustino Fontevecchia

Argentina gives Templeton, Pimco chance to trim peso holdings

09-11-2020 18:04 Argentina is giving some of its largest bondholders the chance to trim their holdings in one of the world’s worst-performing currencies, offering to swap their local peso securities for dollar-denominated assets.

What we learned this week: October 24 to 31

31-10-2020 10:45 The pick of the headlines from the last seven days in Argentina.

Peronism tries to strike back

24-10-2020 08:52 On October 17, the national government tried to regain the initiative. To some observers, Loyalty Day came and passed with some subtle but notable observations.

by Martín Gambarotta

Creditors blast Argentina for post-restructuring bond blow-up

22-10-2020 22:22 Argentina Exchange Bondholders group and the Argentina Creditor Committee rip government for mismanaging the economy, saying country is headed for disaster just seven weeks after restructuring US$65 billion in debt.

Guzmán says Argentina mulling changes to tax, social security systems

22-10-2020 01:36 Argentina is considering changes to its tax and social security structures as part of a plan to address economic imbalances, Economy Minister Martín Guzmán reportedly told a group of investors last week.