Recession-hit Argentina refines new offer to creditors


Buenos Aires (AFP) – Argentina will offer a new proposal to creditors on Friday as it looks to restructure a $66 billion debt that contributed to the crisis-hit South American country defaulting last month for the ninth time in its history.Center-left President Alberto Fernandez has given away little about the exact details of the new deal but said it would be an improvement on a previous offer rejected in May.”It’s clear that Argentina needs to reach an agreement with its creditors, obviously the creditors didn’t accept” the first offer, Fernandez said on Wednesday.”Obviously Argentina will i…

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