The Argentine government’s debt tender resulted in a bitter failure.
The National Treasury had to be helped by bailing out other government agencies.
The Central Bank of Argentina (BCRA) issued 300 million ARS ($1.9 million) to buy public bonds that the private sector no longer wants to renew.
The economic team led by Sergio Massa succeeded in a public tender of bonds in pesos up to 63,592 million ARS, an amount that far exceeds the expected maturities for the current week.
But the composition of these bondholders hides a truly dramatic reality.
Private . . .
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