Argentina’s government laid out its most in-depth economic road map on Friday, a key step in debt talks after creditors clamored for more detailed information about the country’s plans as both sides look to strike a restructuring deal. Economy Minister Martin Guzman said that under realistic fiscal and growth forecasts Argentina could not service its current debt load of over $110 billion in foreign-law bonds and credit facilities from global bodies. “I would characterize the debt situation of the country today as unfinanceable, unaffordable and unsustainable,” Guzman said.
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