In pictures: Argentina defaults on its debts, again

A pro-government supporter stands outside the Argentine presidential palace in Buenos Aires. Argentina was pushed into a 'selective default' by a New York court which stated it may not pay other bondholders unless it pays the holdouts too. Rodrigo Abd / AP Photo

Economy minister Axel Kicillof discusses last-minute talks into Argentina’s debt at a press conference in New York. Stan Honda / AFP

A pro-government demonstrator shouts slogans outside the Casa Rosada presidential palace in Buenos Aires. Marcos Brindicci / Reuters

A woman holds her child as she begs for money in Buenos Aires’ financial district. Marcos Brindicci / Reuters

People pass the Buenos Aires stock market, where equities fell after news of Argentina's default. David Fernandez / EPA

Argentina’s president Cristina Fernandez de Kirchner has refused to settle with bondholders owed $1.6 billion, pushing her country into its second default in 13 years. Daniel Garcia / AFP

Argentines have largely shrugged off the country's second default in 13 years. Enrique Marcarian / Reuters

The Argentine peso fell after news of the default but currency traders on the streets of Buenos Aires said there had been no rush to buy safe-haven dollars. David Fernandez / EPA

A woman walks by a graffiti that reads “No to the debt payment” in Buenos Aires. Marcos Brindicci / Reuters

A garbage recycler looks inside a rubbish container in Buenos Aires. Enrique Marcarian / Reuters

The streets of Buenos Aires were calm after news of Argentina's default and many said they did not understand how the default might affect them. Diego Levy / Bloomberg News

A woman pushing a baby carriage walks past a shop selling farm products in Buenos Aires. Enrique Marcarian / Reuters

A taxi driver fills the tank of his vehicle at a gas station in Buenos Aires. Enrique Marcarian / Reuters

A customer buys meat at a butcher’s shop in Buenos Aires. Some Argentines are afraid the default would push them from a precarious situation into outright poverty. Enrique Marcarian / Reuters

Argentina slipped into default after failing to reach agreement with a group of holdout bondholders that have sued the country for a better deal on its old defaulted debt.