July 23, 2014
France praises Argentina for 'normalizing its relations with creditors'
French Finance Minister Michel Sapin praised Argentina’s agreement with Paris Club creditors, saying it highlights the country’s effort to “normalize its relations with creditors.”
Sapin said the deal “shows Paris Club’s ability to solve difficult debt situations.” He described the agreement as a proof of the organization’s competence to “accompany countries to return to the path of growth and investment”
In a press release, the French Minister pointed out that after the 2001 default, Argentina “wanted to restablish the relationship with its public creditors in the context of the normalization of its relations with its creditors, finance community and institutions” and to reach an agreement in order to settle its debt.