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September 12, 2014

Argentina Adopts Law to Repay Debts Outside of U.S. Court Ruling 
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Argentina has enacted legislation to repay its debts domestically in a
bid to skirt the ruling of a U.S. judge which sent the country into
default. The judge blocked Argentina from making any repayments without
also repaying U.S. hedge funds led by billionaire Paul Singer. Argentina
has refused to pay the so-called vulture funds, which bought the
country's debt for bargain prices after its financial crisis, then
demanded full repayment. Argentina has vowed to meet its other debts.

 

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