Argentina plans debt swap, hoping to sidestep US

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Brokers work at the Buenos Aires Stock Exchange in Buenos Aires, Argentina, Tuesday, June 17, 2014. Argentina's President Cristina Fernandez is refusing to go along with a U.S. judge's ruling requiring repayment of defaulted bonds. The Merval stock index dropped after Monday's court decision, its largest one-day loss in more than six months, and the value of Argentina's currency went down on the black market. (AP Photo/Eduardo Di Baia)BUENOS AIRES, Argentina (AP) — The Argentine government plans to sidestep a U.S. court order that it repay defaulted bonds in full, saying creditors who accepted debt restructurings will be offered new bonds to be paid in Argentina rather than the United States.

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