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Argentina defaults on international debt, blames U.S.
Argentina defaults on international debt, blames U.S.

Argentina’s bonds and stocks fell sharply in trading Thursday as the country slid into default on its international debt for the second time in 13 years. As eleventh hour negotiations between government negotiators and "vulture" funds holding bonds foundered Wednesday night, bond rater Standard & Poor's declared the country to be in “selective default.” Economists feared the immediate consequences would be a spike in already-double digit inflation and more austerity in a troubled economy. “If the default is prolonged, the negative consequences internally and externally will accelerate,” said Daniel Artana, an economist with a Buenos...