Argentina’s fight on defaulted debt takes new step

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FILE - In this Dec. 9, 2012, file photo, Argentina's President Cristina Fernandez delivers a speech during a rally marking the 29th anniversary of the return to democracy in Argentina, on the eve of the Human Rights day, in Buenos Aires, Argentina. It's been a decade since Argentina tarnished its reputation worldwide and became an economic misfit by engaging in the biggest sovereign debt default in history, yet it is still haunted by the old bonds. Although Argentina's government restructured nearly all of the debt defaulted in the 2001 economic crisis, Fernandez finds herself in a bitter U.S. court fight with holdout creditors that has raised the threat of severe financial repercussions. (AP Photo/Victor R. Caivano, file)BUENOS AIRES, Argentina (AP) — It's been a decade since Argentina tarnished its reputation worldwide and became an economic misfit by engaging in the biggest sovereign debt default in history, yet it is still haunted by the old bonds.