"Argentina's New Government Grapples with $16bn US Judgment"

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Source: Financial Times
TL;DR Summary

Argentina's new government is facing a critical test as it deals with a $16 billion US judgment against the country, stemming from a long-standing legal battle over defaulted debt. The ruling presents a significant challenge for President Alberto Fernández's administration, which is already grappling with a struggling economy and high inflation. The government is expected to negotiate with creditors and seek a resolution to the issue, which could have far-reaching implications for the country's financial stability.

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