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Updated Friday, November 20, 2009 10:50 am TWN, AFP

Argentina moves to slash US$20 billion in debt

BUENOS AIRES -- Argentine lawmakers on Wednesday gave the government permission to enter talks with investors holding US$20 billion the country's defaulted bonds, in a bid to re-enter global credit markets. Lawmakers passed the government-backed bill, which could see Argentina whittle down its defaulted debt and reenter the global financial mainstream.

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