Argentina's President Cristina Fernandez de Kirchner speaks to supporters from a balcony inside the Casa Rosada Presidential Palace in Buenos Aires, July 31, 2014. REUTERS/Marcos Brindicci
BUENOS AIRES (Reuters) - President Cristina Fernandez on Tuesday unveiled legislation that seeks to push bondholders to swap defaulted debt for new notes governed by Argentine law, a move aimed at skirting a U.S. ruling that prevented her government from paying its creditors.
Argentina slid into default last month after a New York court blocked an interest payment of $539 million (324.62 million British pound) owed to holders of debt issued under U.S. legislation that was restructured after the country's record 2002 default.
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