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Economic crisis

World news about “Economic crisis” published by euronews.

31/07 02:21 CET

Argentina faces default after failing to reach debt deal

Argentina faces default after failing to reach debt deal

Argentina has failed to strike a deal to avert its second default in 12 years after talks with hold-out investers ended without settlement. The so-called "hold-outs" are US hedge funds that bought debt on the cheap and have never agreed to restructuring. Last June a US judge…