Argentine Economy Minister Lavagna speaks on the country's debt swap during a press conference.
Argentina's Economy Minister Roberto Lavagna speaks during a press conference announcing that the country's debt swap will close tomorrow as planned, in Buenos Aires, February 24, 2005. After three years of default, Argentina launched its offer to creditors on January 14 of up to $41.8 billion in new debt in exchange for $81.8 billion in debt principal, or $102.6 billion if past due interest is included. Some banks have reported a large number of bond holders wanting to sign up for the swap a the last minute, making it logistically difficult to meet the February 25 deadline, according to media reports. REUTERS/Enrique Marcarian EM