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The lesson of Argentina’s bond fiasco Add to ...

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Argentina appears willing to negotiate its way out of a bitter, long-running dispute with bond investors, now that it has run out of legal options to avoid paying them off.

That would be the smart move, because the alternative to a negotiated settlement would be a fresh debt crisis – and an almost certain default – for the beleaguered government. Argentina, which already ranks among the world leaders when it comes to sovereign deadbeats, could say goodbye to its efforts to regain access to capital markets.

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