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Argentina’s last debt card is a doomsday scenario

By Washington Examiner
Published June 19, 2014 1:47pm ET
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Argentina’s last debt card is a doomsday scenario
Brokers work at the Buenos Aires Stock Exchange in Buenos Aires, Argentina, Tuesday, June 17, 2014. Argentina's President Cristina Fernandez is refusing to go along with a U.S. judge's ruling requiring repayment of defaulted bonds. The Merval stock index dropped after Monday's court decision, its largest one-day loss in more than six months, and the value of Argentina's currency went down on the black market. (AP Photo/Eduardo Di Baia) | Eduardo Di Baia

BUENOS AIRES, Argentina (AP) — Argentina’s government is finally preparing to negotiate a payment plan for the $1.5 billion in bad debts and interest it owes to the U.S. hedge funds it demonizes as “vultures.”

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Argentina Law