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The Debt Roulette pt2

Jan 1, 1998

Faced with $170 million in debt coming due in 1998, Guillermo Gotelli, the straight-shooting president of Argentine athletic footwear company Alpargatas, had a cold realization: because the extreme turmoil in Asian markets was likely to keep international volatility high and liquidity low well into into the year, unusual measures would have to be taken if his company were to cover its debts. In short, extraordinary conditions required extraordinary actions

Part two of two.
See part one


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