This changes absolutely everything for Argentina
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Reuters
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The holdouts, led by Elliott Management's Paul Singer, will get 75% of their judgements - $4.65 billion - plus a payment for legal fees.
Argentina will get a new lease on life. It will finally be allowed to tap into international credit markets again, which it needs to battle a growing fiscal deficit which has dangerously lowered its cash reserves.
The deal is subject to approval from Argentina's congress.
More on this to come...
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