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Their S&P credit rating is now at "selective default". Argie stock index down 6.8%. Dow down 280 points wiping out any gains made this month.

Bob Taylor bobTaylor19 · 5h Argentina on brink of second debt default in 12 years http://gu.com/p/4vbeb/tw via @guardian Bob Taylor bobTaylor19 · 5h Argentina could become the Crystal Palace of South America tomorrow #seconddefault #tinpotregime #cpfctinpotclub