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Argentina to default on debt; second time in 12 years
Thursday, July 31, 2014 19:06
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Argentina failed to strike a deal to avert its second default in more than 12 years after talks with holdout creditors ended without a settlement on Wednesday. The country’s economy minister, Axel Kicillof, speaking at a news conference at the Argentine consulate in New York, repeatedly referred to the holdout hedge funds as “vultures” after …
Source: http://www.hangthebankers.com/argentina-to-default-on-debt-second-time-in-12-years/
