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Now a U.S. Court is demanding it pay by July 30th, or the country could face a catastrophic default.
Not that Argentina hasn't been through anything that crazy before. Economic crashes, underground dollar exchanges, Rolling Stones cults, and a string of five Presidents in two weeks - The Argentine Republic is a crazy place.
The country is rich with resources, but often broke. As a result, Argentines are so accustomed to political and economic turmoil that they've adopted a bunch of interesting coping mechanisms - like tons and tons of therapy.