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Argentina Fights Off Second Default in 13 Years

The Wall Street Journal
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July 30, 2014 AT 8:40 AM
Argentina faces default Wednesday for the second time in 13 years if it doesn’t meet a deadline to make payments to a small group of bondholders. WSJ's Matthew Cowley explains Argentina's dispute with these creditors and the long-standing battle that stems from the country's default in 2001. (Photo: Getty Images)