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Weekly Report - 19 June 2014 (WR-14-24)

ARGENTINA: The politics of default – again

Argentina’s long drawn-out legal battle over its foreign debt in the US courts has come to an end. Its opponents – a group of US hedge funds (President Cristina Fernández prefers to call them ‘vulture funds’) have won an almost complete victory. What happens now – including the possibility of a new default – essentially depends on political decisions.

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