29 February 2016: Argentina strikes historic debt deal
Mauricio Macri, the new centre-right President of Argentina following the Presidential Elections at the end of last year, has made a historic deal worth $4,65 Billion, after long negotiations with four big US hedgefunds. Argentina never managed to strike a deal with them, following its economic collapse and bankruptcy back in 2001. Nestor Kirchner that got elected in 2003, and his wife Cristina Kirchner that got elected in 2007 and ruled until the end of 2015, always refused to reach a deal, which made it difficult for Argentina to attract foreign capital, and became more and more isolated economically. It is the first big victory of the new President, following the end of the Kirchners rule. The agreement now has to be agreed on by the Congress of Argentina.
