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Argentina debt level higher than in 2001

Buenos Aires | Wednesday, 18 June 2008


Argentina's debt levels are now higher than they were when the country crashed into the biggest sovereign debt default in history in 2001, and a worsening crisis of confidence in the government brings the spectre of a new default closer, a report to be issued this week says.

Despite a radical restructuring just three years ago, public debt has reached $114.7bn (