Argentina's President Cristina Fernandez de Kirchner waves as she leaves the Itamaraty Palce after the 6th BRICS summit and the Union of South American Nations (UNASUR) in Brasilia July 16, 2014. REUTERS/Ueslei Marcelino (BRAZIL - Tags: POLITICS BUSINESS SOCIETY)
BUENOS AIRES (Reuters) - Argentine President Cristina Fernandez's unflinching poker face in the battle against "holdout" investors suing the country is increasing the odds that her government will default for a second time in 12 years at the end of this month.
She has refused to budge from her stance that Argentina cannot pay out in full to the holdout hedge funds, which snapped up bonds on the cheap after its $100 billion (58 billion pounds) default in 2002. That is despite indirect talks aimed at cutting a deal.
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