World

July 3, 2014 12:12 AM

Grace period running, Argentina faces more drama over debt

On Monday, Argentina missed a crucial $539 million bond payment to U.S. creditors, putting the country in technical default and starting the clock on a 30-day grace period during which the government in Buenos Aires must make multiple debt payments, renegotiate some of its credit or face its second default since 2001.

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