Financial giants baulk at Argentina’s debt relief proposal

Argentina’s collectors have rejected a authorities proposal to restructure its overseas debt, because the nation grapples with one other 12 months of recession, made worse by the results of the coronavirus pandemic.
A $500m cost was due on Wednesday – one the federal government says it can not make.
Al Jazeera’s Teresa Bo has extra from Buenos Aires, Argentina.

– Subscribe to our channel: https://ift.tt/291RaQr
– Comply with us on Twitter: https://twitter.com/AJEnglish
– Discover us on Fb: https://ift.tt/1iHo6G4
– Verify our web site: https://ift.tt/2lOp4tL

#AlJazeeraEnglish #Argentina #Debt