BUENOS AIRES, Argentina – With just
hours to go before Argentina has to show its last cards in a
billion-dollar debt showdown in the U.S. courts, President Cristina
Fernandez seems to be keeping up her "we're going for more" motto. Her
government is reportedly preparing a response that analysts say could
lead the country into another catastrophic default.
Argentina
has until midnight Friday to propose how it would satisfy a $1.4
billion judgment won by plaintiffs who have insisted for a decade on
getting full payment in cash, plus interest and penalties, on sovereign
debt that the country hasn't paid since its world-record default in
2002.
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