A woman walks outside a clothing store announcing discounts in Buenos Aires, August 1, 2014. Argentina's Cabinet chief Jorge Capitanich said on Friday the government held no positive expectations for ... more 
A woman walks outside a clothing store announcing discounts in Buenos Aires, August 1, 2014. Argentina's Cabinet chief Jorge Capitanich said on Friday the government held no positive expectations for a court hearing in New York later in the day that will discuss the South American country's debt default. The default occurred after Latin America's No. 3 economy failed to reach a deal with holdout investors suing it for full repayment on bonds they bought at a steep discount following the country's previous default in 2002 on $100 billion of debt. REUTERS/Enrique Marcarian (ARGENTINA - Tags: BUSINESS SOCIETY POLITICS) less 
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Reuters | Photo By ENRIQUE MARCARIAN / REUTERS
Fri, Aug 1, 2014 12:33 PM EDT