Friday, August 01, 2014

Argentina blames US for debt woes, denies default


(AFP) Argentina blamed the United States for the legal battle that forced it to miss a debt payment and, despite ratings agencies' declarations to the contrary, denied being in default.

Ratings agency Fitch declared Argentina in "restrictive default" Thursday after 11th-hour talks failed to resolve the country's dispute with two US hedge funds that refuse to accept a write-down on their Argentine bonds.

Read full article here.

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