Key part from the article - YPF, unable to get the Central Bank to sell it the dollars it needs to make near-term debt payments.Investment firms including Oaktree Capital Management and BlackRock Inc are organising into two groups to negotiate with YPF SA after the state oil producer proposed a debt swap that would saddle them with losses.www.batimes.com.ar
doesn't sound too ominous just yet, but whatver happens there will be fingers pointed elsewhere and probably money printed to prop them up.
I'd imagine the government will end up giving a sweetheart deal to Chinese or Russian oil companies in a few months when no other suitors appearVaca Muerta is now finished. No foreign partner or investor will provide the needed investment capital. This is a big negative for Argentina. I am very sad to see it.