IMF says Argentine debt 'unsustainable,' calls for bondholder contribution
Share:
BUENOS AIRES (Reuters) - The International Monetary Fund said on Wednesday that Argentina's debts were "unsustainable" and that bondholders in debt talks with the South American country would need to make a meaningful contribution to resolve the crisis.The statement came as the fund wrapped up a week-long visit to Argentina, which is battling to avoid defaulting on around $100 billion (77.4 billion pounds) in loans and bonds after a biting recession, high inflation and a market crash pummeled..