Argentina will pay US$6 billion Paris Club debt


Eds: APNewsNow.

BUENOS AIRES (AP) -- President Cristina Fernandez says Argentina will pay its entire US$6.7 billion debt to the Paris Club of lending nations.

Fernandez says the payment will "confirm Argentina's willingness to meet its international obligations."

Fernandez told reporters Tuesday that Argentina will use some of its US$47.2 billion in foreign currency reserves to pay the debt.

Argentina has owed the Paris club for more than six years following its historic 2001 default on about US$95 billion in bonds.

Analysts have recently questioned the country's capacity to continue servicing other debt.

The Paris Club is an umbrella group of wealthy creditor nations including the United States.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to webmaster@wvlt-tv.com. Please provide detailed information.

powered by Disqus

WVLT VOLUNTEER TV

6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Gray Television, Inc. - Copyright © 2014 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 27763514 - local8now.com/a?a=27763514