Argentina faces default after missed deadline

One-month grace period gives President Kirchner until end of July to negotiate a deal with creditors.

Argentina is on the brink of default after missing a deadline to pay its foreign debt. A one-month grace period has been issued, giving Argentina until the end of July to negotiate a deal.

Neighbouring countries have called an emergency meeting to discuss the issue.

Al Jazeera’s Daniel Schweimler reports from Buenos Aires.

Source: Al Jazeera

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