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Argentina's economy is in a mess - would risk again to go bust

Argentina has had big economic problems, and on Friday the risk of the country going broke for the ninth time.

This writes the news agency Reuters.

Argentina to Friday pay off a large loan to international creditors, but find it difficult to make with the money.

in Parallel trying the country to negotiate a gældsaftale with its creditors.

on Thursday evening extended the Argentina a deadline to find a solution with a group of international creditors, who own argentine government bonds to a value of 442 billion.

the Negotiations have been running through the last few weeks. Argentina is trying to land an agreement where the debt is written down, then the country must pay back less.

Argentina has proposed to write down the 62 percent of the debt, and get three years ' standing, and that the maturity on the bonds to be postponed until 2030. So far, it has not been palatable to the creditors.

President Alberto Fernandez has stressed several times that you need to find a solution, as the country is simply not able to pay its debts.

It is far from the first time that Argentina is in economic trouble. In fact the south american country gone sovereign default eight times since the country became independent in 1816 - by 2014.

Argentina is the second largest economy in south America after Brazil. The country's economy was already in trouble before the corona virus, but the outbreak has worsened the situation.

the Country is suffering to a large state apparatus and an inefficient industry, and at the same time running large parts of the economy under the authorities ' radar, which makes for the treasury miss out on big tax revenues.

In the year is expected the Argentine economy to shrink by nearly six percent. It shows a forecast from The International Monetary fund, the IMF.

at the same time expected that a galloping inflation rate of 50 percent in the year.

Friday run the risk of Argentina a sovereign default, since the country must pay interest on the government bonds of 3.4 billion crowns

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