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Analysis: Argentina and the burden of dragging debts after 20 years of default

RIO DE JANEIRO, BRAZIL - The colossal default that Argentina declared 20 years ago will be remembered as one of the most resonant events in the country's dramatic history as a "serial debtor", a drastic measure, adopted amid an unprecedented crisis, and whose consequences have yet to be resolved.

"We are going to take the bull by the horns. First of all, I announce that the Argentine State will suspend the payment of the foreign debt", said Peronist Adolfo Rodríguez Saá on December 23, 2001, when he assumed a provisional presidency of the country that lasted a week barely . . .

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