Countries like Belize have had to redo debt restructuring multiple times in the past, causing creditors to question the effectiveness of these measures. Creditors argue that if they give more debt relief than necessary, it is an unnecessary contribution. Ultimately, creditors believe that principal haircuts, like true love, should be forever.
The Americas Core Credit team at Reorg takes a look back at the past week and previews what's to come in the week ahead, and LatAm team lead Kyle Owusu has a discussion on Argentina and Venezuela with sovereign restructuring veteran Lee Buchheit.
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