Analysis:China holds the key to avoiding Argentina's IMF default. The price tag is unknown

Analysis-China holds the key to avoiding Argentina’s IMF default. The price tag is unknown

By Jorgelina do Rosario and Karin Strohecker LONDON (Reuters) - A helping hand from China saw Argentina avert a default with the International Monetary Fund for the second time in 30 days, as the cash-strapped country tapped almost $3 billion of a Beijing currency swap line to pay the multilateral lender. Accessing yuan to make the payment not only offered a lifeline to Latin America's third-largest economy which is battling an acute scarcit…

Analysis:China holds the key to avoiding Argentina's IMF default. The price tag is unknown

LONDON : A helping hand from China saw Argentina avert a default with the International Monetary Fund for the second time in 30 days, as the cash-strapped country tapped almost $3 billion of a Beijing currency swap line to pay the multilateral lender.Accessing yuan to make the payment not only offered a l