The More Things Change… (Argentine Debt Edition)
Argentina will on Tuesday petition the US courts to try to stall a $1.3bn repayment to its creditors.
If the petition to the Supreme Court is not successful, the country risks triggering a default and debt crisis.
Argentina has already defaulted on its debt three times in its history. The last occasion, in 2002, brought the country to its knees.
Meanwhile, inflation is 25% and the peso fell 19% in January.