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  Economics 
31 of July, 10:00

In Argentina collapsed default
Experts noted the default in Argentina in consequence of failed promises of debt. The government, however, the economic collapse is not going to take.

Argentina rating to "selective default" due to the unavailability of payments on interest rates lenders power. But economy Minister Axel Kicillof said that, although Buenos Aires and funds-the creditors at a meeting in new York, the talks failed to reach agreement on the settlement of the debt problem powers, the situation cannot be called default.

Kiselgof reported that "unprecedented" situation cannot be called by default. "No one can imagine what it is not like the situation has not evolved. This is certainly an interesting situation, Argentina has paid and will pay, because he wants to do it. If there was a default on the debt, then those cash that Argentina has paid for repayment of duties, would not be in the accounts", - he wanted to clarify the situation politician.

The Minister also said that he would continue to service their external debt. To repay Argentina had to come to terms with hedge funds, which did not participate in the restructuring. However to do this did not happen. Kiselev announced that "funds-predators" not guilty last sentence of the government. "We did not sign any agreement that puts in danger the future of the people of Argentina", - quotes the politician "Interfax".

Buenos Aires previously restructured 93% of its own debt, but the owners of 7% of the debt has not agreed with the Argentinean services and initiated the trial, demanding payment in full. The Supreme Tribunal of the United States previously ordered Argentina to pay them 1,33 billion dollars. South American Tribunal later annulled Argentine payments in redemption of the restructured indebtedness. The debt of Argentina is 200 billion. The default powers became the second in 13 years: then when the government is unable to pay its debts to creditors on the joint total of 95 billion.

sections: Economics, World News, Accidents

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