Brazil finmin says hopes Argentina does not default on debt

BRASILIA, July 29 Tue Jul 29, 2014 6:36pm EDT

BRASILIA, July 29 (Reuters) - Brazil's Finance Minister Guido Mantega said on Tuesday he hopes that Argentina will not default on part of its debt as the neighboring country holds last-minute talks to avert its second moratorium this century.

"A default is not good for anybody," Mantega told reporters in Brasilia. (Reporting by Nestor Rabello; Writing by Alonso Soto)