Argentina to borrow cash again, 15 years after default

Argentina seeks to end 15 years of financial isolation on Monday when it sets out to borrow cash on international credit markets for the first time since a 2001 default. This week's debt issue "is an important, epoch-changing event," said Gaspard Estrada, a specialist at French Latin America affairs observatory OPALC. Economist Marina Del Poggetto warned however that the country will also have to lower its public deficit -- currently six percent of output -- and strengthen the economy.