Unity, not confrontation: Argentina's new president Mauricio Macri embodies a new style of government. And soon he may manage to shake off the country's reputation as a tardy payer.
German Chancellor Angela Merkel began her visit to Argentina with a speech at a synagogue in Buenos Aires. DW's Michaela Küfner described the background to the Latin American trip.
Argentina has struck a deal to settle with a group of holders of euro-denominated bonds it defaulted on 15 years ago, reaching a major breakthrough in its long-running debt dispute with US hedge funds.
Argentina's lawmakers are considering a proposal to settle with international creditors holding defaulted sovereign bonds. The long running dispute has blocked the country's access to much needed international finance.
The German engineering giant will be engaging in funding and building infrastructure projects worth billions of euros, saying the new government of Mauricio Macri is serious about reforming Argentina's economy.
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