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Argentina: UN Vote Vindicates Debt Fight Against 'Vultures'

The Argentine government said Wednesday that its refusal to repay a group of U.S. hedge funds that stand to profit on the country's defaulted debt was vindicated by the United Nations' support for a multilateral plan handling bond restructurings. The lengthy legal battle between Argentina and the investment funds that snapped up its bonds on the cheap after its record 2002 default - and are suing for 10 cents on the dollar - led to the Buenos Aires government defaulting again in...

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