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Amid default, Argentina says its open to talks

July 31, 2014
Associated Press

BUENOS AIRES, Argentina (AP) — Argentina's economy minister says he is willing to hold further talks with holdout investors whose claim for bond payments forced the South American country into its second default in 13 years.

Economy Minister Axel Kicillof spoke after returning from failed talks in New York.

A U.S. court has blocked Argentina from making interest payments to creditors until it settles with U.S. hedge funds who claim they are owed about $1.5 billion.

Brazil's stock market fell more than 8 percent Thursday because of the default.

 
 

 

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