Argentina pleads for new aid

ARGENTINA - A delegation from the International Monetary Fund (IMF) has arrived in Argentina to weigh up whether to grant the stricken country fresh aid.

New money is essential for Argentina to pull itself out of a deep financial crisis that has caused widespread rioting and deep social unrest.

Argentina has been cut off from outside funds since it defaulted on $141bn of external loans in December.

Since then, prices have spiralled, unemployment has surged, and the economy is in a state of

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