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Argentina: Don't Cry for Me!

18 minutes
First broadcast:
Friday 27 June 2014

Argentina makes a debt repayment, even though a complex US court ruling means this could put it in "technical default" and freeze the country out of the US financial system.
Presenter Ed Butler speaks to the BBC's economics correspondent Andrew Walker, as they try to make sense of what is a confusing and seemingly perverse legal tangle that nonetheless could have major implications for other developing countries.
We hear from Yuefen Li of the United Nations Conference on Trade and Development about her concerns that the US ruling will make it far harder for poorer countries to borrow money on the international markets, and from former IMF board member Doug Rediker, who takes a more sanguine view.
Also in the programme, Yogita Limaye speaks to the young entrepreneurs in India's financial capital, Mumbai, who have not become billionaires... yet.



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