In recent days, revived the interest of the Argentine Government to reach an agreement by the debt that remains pending with the Paris Club. It is that the Argentina needs to regain access to international financial markets for the coming years. In this policy of normalization of debt, not been raised a possible resolution for those who have not accepted the proposal for the restructuring of the debt (known as holdouts). As expressed in a note from the Argentine newspaper El Cronista, a source close to the Government: the holdouts holders of about 20,000 million in Argentine bonds in default not listed in the dictionary. Nestor was very strict when it warned that it would never reopen the Exchange. And now serve that claim would not bring anything. In spite of this, it was recognized that you studied the potential cost that would mean renegotiating with the holdouts.
The truth is that the debt that the Argentine Government maintains with the Paris Club is around $6500 million. The proposal rescheduling with the Paris Club, it is considered a period of payment of between seven to ten years. From economy, the use of international reserves for the debt cancellation was discarded altogether. Beyond the possible resolution of this debt, Argentina has several aspects to improve if you intend to access again to international financial markets. Today, Argentina is seen as a high-risk country, as is the Bank of Spain expresses and how comment on them in the article I wrote on the subject. In addition, suspicions about the official data play you against this objective of access to external financing.