New Default For Argentina Won't Be As Bad As Last Default

Now watching

Next video starts in : 7 Play

New Default For Argentina Won't Be As Bad As Last Default

New Default For Argentina Won't Be As Bad As Last Default
Replay video
Up next

Did Derek Hough Perform on Dancing With the Stars?

Unlock your personal NFL Now stream by signing in to NFL.com

New Default For Argentina Won't Be As Bad As Last Default

by Wochit 0:37 mins

New Default For Argentina Won't Be As Bad As Last Default

by Wochit 0:37 mins

Argentina's battle with investors who rejected its proposals to restructure debt risks pushing the nation into a new default that would wreck its attempts to return to credit markets but not have the same economic effect as its catastrophic 2001-02 default. The U.S. Supreme Court declined on Monday to hear Argentina's appeal against lower court rulings that ordered it to pay in full the hedge funds which refused 2005 and 2010 debt swaps on $100 billion in debt.

Wochit