Argentina Debt Showdown

February 27, 2013 - 5:29 AM
FILE - In this July 25, 2012 photo, Argentina's President Cristina Fernandez unveils an archetype of the new 100 Argentine pesos bill bearing the profile of former late first lady Maria Eva Duarte de Peron, better known as "Evita," at the government palace in Buenos Aires, Argentina. Judgment day is approaching in an epic battle between Argentina and New York billionaire Paul Singer, who has sent lawyers around the globe trying to force the South American country to pay its defaulted debts. Three U.S. appellate judges will hear oral arguments in New York on Wednesday, Feb. 27, 2013, in the case, NML Capital Ltd. v. Argentina. The case has shaken bond markets, worried bankers, lawyers and diplomats, captivated financial analysts and generated enough “friend of the court” briefs to kill a small forest. (AP Photo/Alberto Raggio, DyN, File)