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Argentina makes debt case in US newspapers

Argentina on Sunday took its battle against paying hedge fund investors in its defaulted bonds to the US media, placing adverts in major newspapers demanding US courts help foster “fair and balanced” negotiations. The full-page ad — which appeared in The New York Times, The Washington Post and the weekend edition of The Wall Street Journal — lashes out at the “voracity” of the so-called “vulture funds.” “Paying the vulture funds is a path leading to default,” says the ad from the government of Argentine President Cristina Kirchner. “The will of Argentina is clear: we expect a judicial decision that promotes fair and balanced negotiating conditions to resolve this protracted and difficult dispute.”

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