Argentina heads into default as debt talks fail

Published July 31, 2014 12:49am ET



NEW YORK (AP) — Talks aimed at averting Argentina’s second default in 13 years ended with bitter recriminations Wednesday as the South American country said it could not accept a deal with U.S. hedge fund creditors it dismisses as “vultures.”

Court-appointed mediator Daniel Pollack said the failure triggered an imminent default that, among other things, would hurt the Argentine economy as well as bondholders who were not part of the dispute.

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World