Argentina in talks to avert debt default
President Kirchner calls American hedge funds vultures for profiting on her country’s economic misery.
Published On 30 Jul 2014
Argentina was in a race against time to cut a deal to avert a default by the end of Wednesday, after holdout investors sued it.
Argentina’s President Cristina Fernandez de Kirchner earlier said the government would ignore a US court order to repay its debts.
The government has accused American hedge funds of being vultures for profiting on Argentina’s economic misery.
Al Jazeera’s Daniel Schweimler reports from Buenos Aires.