Argentina in talks to avert debt default

President Kirchner calls American hedge funds vultures for profiting on her country's economic misery.

    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.


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