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debt crisis

A man looks at a poster placed on an advertising board that reads "Yesterday, Braden or Peron - Today: Griesa or Cristina", in Buenos Aires on July 29, 2014. Argentine debt negotiators held talks in New York on Tuesday with the U.S. mediator in the South

The new Argentine debt crisis resurrects painful memories and fears of economic disaster

Economics

Argentina defaulted for the second time in 13 years after last-ditch talks with US hedge funds collapsed. Many Argentines worry that unless a deal is reached, another default could crash the peso and lead to inflation and unemployment.Argentina defaulted for the second time in 13 years after last-ditch talks with US hedge funds collapsed. Many Argentines worry that unless a deal is reached, another default could crash the peso and lead to inflation and unemployment.