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Argentina defaults on debt for second time in 13 years

Argentina has defaulted on its debt for the second time in 13 years.

Talks with creditors broke down on Wednesday night and the midnight deadline passed without a deal to avert a default.

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Argentina defaults on its debt for second time in 13 years

Argentina has defaulted on its debt for the second time in 13 years.

Talks with creditors broke down on Wednesday night and the midnight deadline passed without a deal to avert a default.

Argentina's economy minister Axel Kicillof speaks to the media at a press conference at the Argentine Consulate in New York on Wednesday. Credit: Reuters

Argentina has been isolated from international financial markets since its record $100 billion default in 2002.

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