In July, Argentina went into default after a U.S. judge blocked an interest payment owed to holders of debt that was restructured after the country defaulted in 2001. The judge said Argentina could not pay that debt until it had also settled with a group of funds that had rejected the original restructuring deal and were demanding full payment. Now, Argentina is considering legislation that would help it skirt U.S. law. We’ll get an update on the legal battle being and find out how the latest default has affected Argentinians with Dan Rosenheck, the financial services correspondent for The Economist.
(photo: Argentine President Cristina Fernandez listens to a speech by Adelmo J.J.Gabbi, president of the Buenos Aires Stock Exchange (BCBA), during the ceremony for the 160th anniversary of the stock exchange in Buenos Aires, Argentina, Wednesday, Aug. 20, 2014. (AP Photo/Victor R. Caivano))