By Fausta's Blog on July 31, 2014
As predicted, Argentina Declared in Default by S&P as Talks Fail Standard & Poor’s declared Argentina in default after the government missed a deadline for paying interest on $13 billion of restructured bonds. A US judge had set a deadline of 04:00 GMT on Thursday for a deal. Argentina: defaulting for 190 years @TheEconomist: http://t.co/WX2J4UG09I pic.twitter.com/wai9C5A5mq” — Fausta (@Fausta) July 31, 2014 This is the eighth time the country has defaulted: ARGENTINA’S first bond, issued in 1824, was supposed to have a lifespan of 46 years. . . .
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