Donate

Argentine debt restructuring

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.

Unemployed Argentines and workers line up outside the Banco de la Nacion in Buenos Aires trying to collect their money, December 21, 2001. Argentina would default on its sovereign debt days later.

Argentines, after going through it themselves, can’t understand why America would voluntarily default

Business, Economics and Jobs
Tell us about your experience accessing The World

We want to hear your feedback so we can keep improving our website, theworld.org. Please fill out this quick survey and let us know your thoughts (your answers will be anonymous). Thanks for your time!

We respect your time, attention and privacy

This is a news website, not a click casino. We do NOT employ deceptive behaviors, display annoying ads or use third party cookies and trackers to monetize your visit or help advertisers track you across the internet.

Simply, we ask that you would consider a donation to support the journalism we produce every weekday. Thank you.

This is The World

The World is a public radio program and podcast that crosses borders and time zones to bring home the stories that matter.

Follow The World

Subscribe to The World’s Latest Edition podcast for free using your favorite podcast player: