
Argentina: "Missiles can also be financial" Kirchner says as Argentina defaults on debt POOL
The modern world is deeply unfair and violent, Argentinean President Cristina Fernandez de Kirchner said Thursday in Buenos Aires. Her words came a day after Argentina failed to strike a deal to avert a national debt default.
Argentina last defaulted on its debt in 2001, which led to dozens of people being killed in riots and authorities freezing financial accounts to prevent bank runs. The latest default comes partially as a result of Kirchner's refusal to negotiate with U.S.-based hedge funds, who have been suing for payment from Argentina rather than providing the country with more debt relief.
Argentina's economy is the third-largest in Latin America.

The modern world is deeply unfair and violent, Argentinean President Cristina Fernandez de Kirchner said Thursday in Buenos Aires. Her words came a day after Argentina failed to strike a deal to avert a national debt default.
Argentina last defaulted on its debt in 2001, which led to dozens of people being killed in riots and authorities freezing financial accounts to prevent bank runs. The latest default comes partially as a result of Kirchner's refusal to negotiate with U.S.-based hedge funds, who have been suing for payment from Argentina rather than providing the country with more debt relief.
Argentina's economy is the third-largest in Latin America.