Argentina plays down default fears

ARGENTINA - Argentina is expected to announce later on Wednesday a plan to deal with its debt and boost the economy.

The country is the most highly indebted emerging market economy, owing about $130bn (£91bn) to investors.

Fears remain that the government could default on its debt, triggering a crisis of the world's financial markets. President Fernando de la Rua, however, has insisted that this will not happen.

Many observers now expect that Argentina will offer investors more guarantees in re

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