Argentina creditors unite to fight terms


Argentina’s creditors have formed a new steering committee to press for improved terms in negotiations over some $94.3 billion of defaulted government debt.

Argentina defaulted on its debts in December 2001, but negotiations have been stalled by the dispersed character of the investor base, and by the fact that there are more than 100 different bonds, issued in seven different currencies and under five separate jurisdictions.

In September 2003, Argentina offered its creditors new bonds with

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