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Weekly Report - 24 July 2014 (WR-14-29)

ARGENTINA: Default – bad news for Scioli?

Although a last-minute deal was still a remote possibility, the balance of probabilities this week was that as a result of its dispute with largely US-based holdout creditors Argentina would enter its second foreign payments default in 12 years on 30 July. This could alter political calculations around the 2015 presidential elections.

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