Argentine economy minister Guzman says looking to escape 'virtual default' - EntornoInteligente /

BUENOS AIRES, Dec 11 (Reuters) – Argentine Economy Minister Martin Guzman said on Wednesday that the country’s economic situation was one of “extreme fragility” and that the new government needed to resolve a situation of “virtual default” and revive growth to avoid tougher economic adjustments.

Guzman, in his first news conference since taking office on Tuesday, said that the country wanted to maintain a good relationship with creditors, but he said a current agreement with the International Monetary Fund was not working. (Reporting by Hugh Bronstein; Writing by Cassandra Garrisson; Editing by Sandra Maler)


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