Argentina says to bring defaulted debt under national law


Argentina's President Cristina Fernandez de Kirchner says the government has decided to move to service its defaulted debt in Argentina - EPA Photo.

BUENOS AIRES: President Cristina Fernandez said on Tuesday her government will move to service its defaulted debt in Argentina or allow bondholders to swap their bonds for new bonds governed by national law in order to get around a US court order.

Argentina slid into default last month after a New York court blocked an interest payment owed to holders of debt that was restructured after the country's record 2002 default.

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