Argentina's fiscal deficit has become a cronic problem. According to a study of the Argentine Institute of Fiscal Analysis (IARAF), in the period 2016 - 2019 Argentina will accumulate a $112.3 billion. The study said that in 52 of the last 59 years the country ended with a fiscal deficit.
Given Argentina’s financial history over many decades, a restructuring deal that scares off investors would seem to be the best option for Argentina. It might even scare away high-risk bond speculators, says Richard Erb, former IMF former deputy managing director.