Credit crunch undermines Argentina's debt

Author: | Published: 17 Nov 2008

In the next few months the world will find out if Argentina solved the crisis that froze its credit markets in 2001. Unfortunately, the credit crunch could not have come at a worse time.

The government will implement restructuring proposals at the start of the year designed to end the final $20 billion hold-outs from banks such as Barclays, Deutsche Bank and UBS that chose not to participate in the government's bailout package of 2001....