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Showing posts with label Argentina’s foreign-currency debt. Show all posts
Showing posts with label Argentina’s foreign-currency debt. Show all posts

Saturday, August 4, 2012

Argentina celebrates bond payoff as end of an era

Bond payoffs are supposed to be boring, but Argentina’s president is celebrating Friday’s final $2.3-billion (U.S.) payment on a bond given to people whose savings were confiscated a decade ago, calling it a lesson for European countries now mired in foreign debt.