Argentina To Seal Paris Club Deal By June

Argentina is seeking to reach an agreement with the informal group of sovereign lenders in Paris Club by June 2011, The Wall Street Journal reports. Argentina expects to reach a debt repayment plan agreement with the club.

The outstanding debt of Argentina owed to Paris Club was over $6.87 billion at the end of 2009. Argentina owes a large part of its Paris Club debt to Germany, Italy, Japan, the U.S. and the Netherlands.

Click here for the story from The Wall Street Journal.

Click here for the additional coverage from Reuters.