Argentina is on the brink of a second default in 13- years if it fails to reach a deal with two US hedge funds.<br /><br />A US court has ordered Argentina to payback $1.3bn to NML and Aurelius Capital Management by the June 30.<br /><br />That is 100 percent of their investment in Argentinian debt when the country went bankrupt in 2001.<br /><br />Argentina agreed with 93 percent of its bondholders on a debt restructuring in 2005 and 2010. <br /><br />However the others, including the two US hedge funds, refused to accept a restructuring and want to be repaid now. <br /><br />On Thursday Argentina said it had paid money to those which had agreed on a restructuring, but not to those who had opted out.<br /><br />The judge returned the money saying Argentina must pay all its creditors.<br /><br />If the country fails to pay all bondholders the judge has ruled that it can no longer use the US financial system to repay money. <br /><br />Buenos Aries is reluctant to hand over the cash as it believes others will demand the same presenting the country with a $15bn bil
