The Latin quarter
A plan unveiled by Argentina’s economy minister Roberto Lavagna for the country to slash the value of its debt by three-quarters has been given a predictably lukewarm reception by the financial markets. Josh Goodman speaks to Roberto Lavagna about the proposals
It had all the drama investors have come to expect from the ongoing saga surrounding the largest default in history. To the accompaniment of a loud din of mobile phones, some 200 bankers, analysts and a cadre of financial VIPs solemnly filed in to a Dubai conference room to await the big announcement. At 4 pm local time on September 22, 2003, the presentation got rolling. On two screens, one in English and another in Spanish, being broadcast live back to Buenos Aires, Argentina economy minister
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