Argentina said Tuesday it had reached an agreement with the Paris Club of creditor countries, avoiding a default on repayment in July and unlocking relief of some $2 billion. "We have reached an understanding with the Paris Club" to avoid defaulting on July 31, when a grace period was to expire for the repayment of a tranche of debt of about $2.4 billion, Economy Minister Martin Guzman told reporters. nn/mlr/bfm