Argentina bond pay-off 'a lesson for Europe'

Argentina's president celebrated the final US$2.3bn payment on a bond given to people whose savings were confiscated a decade ago, calling it a lesson for European countries mired in foreign debt.

Argentina's president celebrated the final US$2.3bn (€1.9bn) payment on a bond given to people whose savings were confiscated a decade ago, calling it a lesson for European countries mired in foreign debt.

The nation's economic disaster left thousands with a grim choice after the government seized their dollar-denominated deposits to stop bank runs in 2002.