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Argentina Defaults On Debt But Actually Has A Bigger Problem Looming!!

4,103 views · Published 1 August 2014 · 10:46 · Indexed 26 October 2026

Channel: MoneyBags73 · 2014 · People & Blogs

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Standard & Poor’s declared Argentina in default after the government missed a deadline for paying interest on $13 billion of restructured bonds.
The South American country failed to get the $539 million payment to bondholders after a U.S. judge ruled that the money couldn’t be distributed unless a group of hedge funds holding defaulted debt also got paid. Argentina, in default for the second time in 13 years, has about $200 billion in foreign-currency debt, including $30 billion of restructured bonds, according to S&P.
Click Here To Read The Full Article: http://www.bloomberg.com/news/2014-07-30/argentina-defaults-according-to-s-p-as-debt-meetings-continue.html

Click Here To Read The Article About The Problem With The Central Bank: http://panampost.com/ivan-cachanosky/2014/07/24/argentina-central-bank-on-path-to-insolvency-in-just-two-months/

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