This site uses cookies. By accepting cookies you can optimise your browsing experience. Read more.
Argentina: Teachers decry debt default at Buenos Aires protest01:09

Argentina: Teachers decry debt default at Buenos Aires protest

Argentina, Buenos Aires
August 4, 2014 at 14:24 GMT +00:00 · Published

Hundreds of teachers marched through central Buenos Aires Monday to urge the government to protect funding for education. The protest comes several days after Argentina defaulted on its debt.

The default comes partially as a result of a breakdown of negotiations with US-based hedge funds, who have been demanding full payment on the Argentine bonds they hold. Protesters called on the government not to pay the hedge funds.

Argentina last defaulted on its debt in 2002. In that default, dozens of people were killed in street protests and authorities froze financial accounts to prevent bank runs.

Argentina: Teachers decry debt default at Buenos Aires protest01:09
No Account? Sign up!
Top downloads in last 24 hours
Show more
Description

Hundreds of teachers marched through central Buenos Aires Monday to urge the government to protect funding for education. The protest comes several days after Argentina defaulted on its debt.

The default comes partially as a result of a breakdown of negotiations with US-based hedge funds, who have been demanding full payment on the Argentine bonds they hold. Protesters called on the government not to pay the hedge funds.

Argentina last defaulted on its debt in 2002. In that default, dozens of people were killed in street protests and authorities froze financial accounts to prevent bank runs.