Argentina defaults!
I thought it would be a close one....
just going to pop this here : http://uk.reuters.com/article/2014/07/22/uk-argentina-debt-negotiation-analysis-idUKKBN0FR16M20140722
Sounds as though they may pull out of the nose dive at the last minute, if so... some damage done but nothing to serious just yet... lets see what they pull out of the bag in the next few days... they had better sort something out asap though.. there are cross-default clauses that could trip them up.
CDS holders are probably touching themselves in anticipation right now...
http://www.bloomberg.com/news/2014-07-29/how-argentina-s-default-may-trigger-29-billion-in-claims.html