VOICED : Standard and Poors declara a Argentina en default selectivo

VOICED : Standard and Poors declara a Argentina en default selectivo

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Interactive Video

Business, Social Studies

9th - 12th Grade

Hard

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Standard & Poor's declared Argentina in selective default due to unresolved negotiations over bond payments. Argentina faces a deadline to pay or risk a second default in 13 years. A US judge ruled Argentina must pay $1.33 billion for unpaid 2001 bonds, blocking $539 million meant for other debts. If no agreement is reached, Argentina could face economic challenges like devaluation, inflation, and recession, though not as severe as the 2001 crisis.

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OPEN ENDED QUESTION

3 mins • 1 pt

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