World

At deadline, Argentina fails to reach debt deal with creditors

NEW YORK (AP) — Talks between Argentina and US-based creditors have ended without a settlement that would avoid the country’s second default in 13 years.

Argentine Economy Minister Axel Kicillof says his country is unable to accept demands of investors led by US hedge funds his government has deemed ‘‘vultures.’’

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A defiant Kicillof said Wednesday that the investors refused to a stay of a judge’s order that would have allowed the country to pay other creditors while continuing negotiations.

He also said the creditors would not accept a generous compromise offered by the South American country.

A court-appointed mediator says Argentina will immediately go into default.

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