Banks Reportedly Discuss Argentina Default Exit - Presented by: The Aol. On Network

Several international banks are reportedly in talks that could end the legal battle that pushed Argentina into a default that threatens its economy. The banks are said to be negotiating to buy some of the Argentine bonds held by U.S. investors whose demand for a higher payment from the government led to a bruising court battle. A bank buyout may allow Argentina to exit default before it is pushed deeper into recession or it faces other potentially severe economic consequences.



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