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Argentina on the brink of default, again

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The facade of Argentina's Banco Central (Central Bank) is seen in Buenos Aires.   © Reuters

SAO PAULO -- Following an order from U.S. courts to service debt related to its default in 2001, Argentina is again on the brink of default. It is preparing to negotiate with creditor U.S. funds over the conditions for debt service, but the results are unpredictable. Despite the tension in the air over the nation's imminent default, the nation's stock market is peculiarly bullish as investment continues to flow in.

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