Argentina's President Mauricio Macri
has won approval for a repayment deal which should put an end to the
country's 15-year battle with holdout creditors.
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The debt deal is a victory for President Mauricio Macri
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The years-long
debt crisis has restricted Argentina's access to international credit
markets and made doing business in the country difficult. Argentina defaulted on a $100bn (£71bn) loan in 2001.
The deal is with creditors in New York.
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Demonstrators hold signs reading "Down with the
Vulture's Deal" outside the National Congress in Buenos Aires earlier
this month
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The repayment package was finally approved by the Senate after a 12-hour debate on Wednesday. President
Macri had warned lawmakers that a "no" vote would condemn Argentina to
remain a "financial pariah" shunned by global credit markets. Argentina
now only has until 14 April to pay the holdouts.
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Lawmakers voted "yes" to the repayment package despite ongoing protests
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