Argentina hope emerging despite new default

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Argentina hope emerging despite new default

Kicillof
U.S. Federal Reserve Chair Janet Yellen, right, speaks with Argentina's Economy Minister Axel Kicillof during the World Bank Group-International Monetary Fund annual meeting at IMF headquarters in Washington, Saturday, Oct. 11, 2014. (AP Photo/Jose Luis Magana) | Jose Luis Magana/AP/Press Association Images

Growing expectations of a financial market friendly government by the end of next year and occasional indications that the finance ministry may negotiate with holdout creditors once the RUFO clause expires in January mean that many observers maintain a constructive view on Argentina despite another default on its restructured bonds.

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