Argentina proposal expected to alienate

Oliver West

August 21, 2014 08:15 pm

Cristina Kirchner, Axel Kicillof, Argentina — Argentine President Cristina Fernandez, right, speaks with Economy Minister Axel Kicillof during the ceremony for the 160th anniversary of the Buenos Aires Stock Exchange in Buenos Aires, Argentina, Wednesday, Aug. 20, 2014. Argentina's government is proposing to change the way it pays holders of the country's debt, shifting it out of the U.S. financial and legal systems as a way to end the default triggered by a legal battle with U.S. investors. (AP Photo/Victor R. Caivano) | Victor R. Caivano/AP/Press Association Images

In a week in which the last South American nation to default on international debt notched up another upgrade, analysts said that Argentina — 13 years after its default — was further from international markets than at any point in recent months.

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Oliver West

US Bureau Chief - Latin America Editor