This week will be key for the Argentine debt renegotiation drama. If no agreement is reached then default might take place. Here is a short note in Spanish for the Argentine newspaper Página/12, in which I suggest that in spite of the costs of an agreement, and the fact that on a simple technical basis Argentina should not pay them (after all they would still profit if they accepted the terms that 93% of bondholders agreed to), it might be the only solution that would allow economic growth to continue.
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