By Allison Fedirka
This week the Argentine government will resume attempts to negotiate a debt settlement with holdout creditors from the country’s 2001 default. Yesterday, Argentine Finance Secretary Luis Caputo met with court-appointed debt mediator Daniel Pollack and representatives of the holdouts in New York. The meeting will continue today. Argentina’s stalemate with these creditors has been a major point of controversy and has limited Argentina’s access to international lines of credit and capital markets. This meeting is part of Argentine President Mauricio Macri’s efforts to return the country to capital markets, attract more investment and grow the national economy.
Our model has identified a growing distinction between the Eastern and Western hemispheres. The United States currently stands as the center of gravity in the Western Hemisphere, but we expect increasing stability and, in the long term, increasing economic activity in Latin America as well. Right
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