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Argentina

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Flag of Argentina
Index
  1. Argentina Main Page
  2. The Dirty War Begins
  3. Recession and Economic Instability
  4. Dirty War Criminals Put on Trial
  5. Economy on the Rebound
  6. President and Vice President At Odds on Big Issues
  7. President Cristina Fernández de Kirchner Easily Wins Second Term
  8. Historic Rulings on Abortion, Transgender Rights
  9. Government Seizes Control of Nation's Largest Oil Company
  10. Jorge Rafael Videla Dies in Prison
  11. Argentina Defaults Again
Argentina Defaults Again

For the third time in 25 years, Argentina defaulted on its debt. In July 2014, Standard & Poor's declared that the country was in default on some of its obligations after the government failed on an agreement with a group of bondholders. The creditors demanded payment of approximately 1.5 billion for bonds that they purchased after Argentina's $144 billion default in 2001.

The default could trigger an even bigger hike in inflation and cause the value of the peso to continue to fall. Economists have already projected that inflation would hit 40% this year. Before the default, the peso had fallen by 25% against the dollar in 2014.

See also Encyclopedia: Argentina .
U.S. State Dept. Country Notes: Argentina
National Institute of Statistics and Censuses (In Spanish Only) www.indec.mecon.ar/ .

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