Argentina placed in default mode as US ‘vultures’ refuse debt offer

Argentina placed in default mode as US ‘vultures’ refuse debt offer

YEREVAN, July 31. /ARKA/. Standard & Poor’s last night downgraded Argentina’s foreign currency rating to selective default as efforts to agree a last-minute deal to avert the country’s second default in 12 years collapsed, the Times reported.

Argentine officials, led by Axel Kicillof, the economy minister, had been in negotiations with a court-appointed mediator in New York in an attempt to resolve a stand-off that has prevented the country from making a bond payment that was due on June 30. –0--

11:27 31.07.2014

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