Argentina Default

Argentina Default

Diego Levy/Bloomberg

People stand outside as Axel Kicillof, economy minister for Argentina, not pictured, speaks about the country's missed bond payment during a news conference in Buenos Aires on July 31, 2014. The Argentine government, including state agencies or companies, can't participate in third-party agreement with holdout creditors because it would violate bonds' Rufo clause, Kicillof said.