By Charles Riley @CRrileyCNN July 25, 2014
HONG KONG (CNNMoney)
The clock is ticking. Argentina will default in just a few days unless the country can find a way to satisfy creditors that are owed roughly $1.5 billion.
The country’s only remaining option appears to be negotiations — and a compromise. If a deal is not reached, the country could miss its next bond payment on July 30.
Iguassu Falls
Argentina’s pickle is the result of a marathon legal battle with a small group of “holdout” creditors that have demanded full payment on bonds they picked up after the country’s last default in 2001.
Read further