To Pay Or Not To Pay: Argentina And The International Debt Market. Laura Alfaro, April 25, 2014, Opinion. "Argentina’s escalating financial crisis is taking on the look and feel of 2002, when it defaulted on $82 billion worth of sovereign bonds – a move that triggered economic chaos in that nation. Along with Argentina’s current struggles — the sharp devaluation of its currency, rampant inflation, and civil unrest— past financial problems remain unresolved and much on the minds of its creditors, a few of whom have not yet been repaid from the default..." Link verified June 19, 2014