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


    YOU MIGHT ALSO LIKE

    How different voting systems work around the world

    How different voting systems work around the world

    Nearly two billion voters in 52 countries around the world will head to the polls this year to elect their leaders.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    The great plunder: Nepal's stolen treasures

    The great plunder: Nepal's stolen treasures

    How the art world's hunger for ancient artefacts is destroying a centuries-old culture. A journey across the Himalayas.