Economy

July 2, 2014 11:10 PM

Argentina faces more drama over debt, with grace period starting

On Monday, Argentina missed a crucial $539 million bond payment to U.S. creditors, putting the country in technical default and starting the clock on a 30-day grace period during which the government in Buenos Aires must make multiple debt payments, renegotiate some of its credit or face its second default since 2001.

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