BUENOS AIRES, Argentina - The Chamber of Deputies on Wednesday began discussing a bill to restructure Argentina’s external public debt, which officials say is unpayable amid a deep recession that has reawakened old fears of financial crises. Economy Minister Martín Guzmán has warned that Argentina needs “a sustainable solution” to paying its debt. Argentina periodically faces financial crises and liquidity problems that have led it to refinance its debt. At the end of 2001, it declared a record default on just over $100 billion in debt during the worst economic crisis in its history. Leftist lawmaker Nicolás de Caño criticized the pact betweenthe Fernández’s government and the opposition to “pay the fraudulent debt that Macri left us.”

Source: thestar January 29, 2020 22:45 UTC