Does the global crisis make a debt haircut in Argentina more likely?
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With many of the world’s biggest economies in lockdown, the coronavirus outbreak has led to weeks of frenetic trading, with global stocks heading towards their worst quarter since the 2008 financial crisis. For many this is be very bad news, and Argentina is not the exception. But the government might see one good thing come out of it, some analysts speculate: bondholders could be more open to accept a debt haircut if Economy Minister Martín Guzmán includes it in his debt-restructuring offer.