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Argentina's Debt Threatens Default
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Argentina's $400 billion debt poses a significant threat to default, with a focus on $100 billion owed to the IMF and $200 billion in private eurobonds. The new government's economic plan aims to address the debt challenge, but faces uncertainty amidst social unrest concerns. The IMF and Fitch express the need for sustainable policies to revive the existing program, while the bond market trades as if Argentina was on default.
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How does Argentina's debt situation reflect broader challenges in managing public debt in developing countries?
How might social unrest impact the government's ability to implement sustainable policies and address the debt challenge?
What are the potential consequences for Argentina's economy if the debt restructuring is not successful?
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