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" ... Yet, as Economy Minister Martín Guzmán meticulously crafts his master plan for a quick and convincing restructuring, Cristina’s former economy minister rebelled. Axel Kicillof, now in charge of Buenos Aires Province, told private creditors he has no intention of paying capital payments on US$750-million worth of provincial debt which have already expired. He opened up a “voluntary” reprofiling which forced him to twice postpone the expiration of his offer, putting the province at a serious risk of default, only to finally fold and pay in full. A potential default could set a dangerous precedent for Guzmán, who is looking for a “good faith” negotiation with creditors with the support of the International Monetary Fund and major sovereigns. While Guzmán has indicated the province and the sovereign are working in synchronicity, it feels like the Frente de Todos is showing its fractured being. Will Kicillof blow it for everyone in a coming debt payment? Will Guzmán bail him out after saying he won’t? Actions speak louder than photographs here. ... "