16-03-2016 14:59 via news.yahoo.com

Argentina's lower house clears debt settlement package

By Richard Lough BUENOS AIRES (Reuters) - Argentina's President, Mauricio Macri, won the support of the lower house of Congress for a settlement with bondholders on Wednesday, leaving Argentina one Senate vote away from ending a 14-year battle with creditors. Macri needs to close the festering dispute to tap global credit markets and lure back investors, and had warned Argentina faced a return to hyperinflation or aggressive spending cuts if the chamber had knocked down the proposal. Legislators
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