Argentina: YPF stuns creditors as nation’s dollars dwindle

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(Buenos Aires Times)

State energy company’s plan to saddle creditors with losses in a debt exchange leads to frantic unloading of shale driller’s bonds.

In the 99 years since it was founded to pump the oil fields of Patagonia, Argentina’s energy driller YPF SA has been whipsawed by countless booms and busts. If global oil markets weren’t collapsing, it seemed, then Argentina was mired in a debt crisis that was wreaking havoc on the whole nation’s finances.

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