Argentina Faces New Debt Crisis – a Recurring Drama

Argentina is heavily indebted and is heading towards bankruptcy. However, this time the country has strong chances of demanding concessions from its creditors.

RIO DE JANEIRO, BRAZIL - Argentina's history is repeating itself. Just like five years ago, the issue is loans that Argentina cannot - or does not want to - repay. Once again, the economist Axel Kicillof is at the center of the action. And once again the left-wing star economist is pushing creditors ahead . . .

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