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30 Sep 2014 10:34 #215964
by ketchim
A US judge has ruled that the Republic of Argentina is in contempt of court
for refusing to obey an order to repay the debt it owes to two US hedge funds.
Judge Thomas Griesa ruled that Argentina must repay the funds before it can repay other bondholders.
Argentina refused, sending the country into default.
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30 Sep 2014 10:36 #215965
by ketchim
Argentina's ambassador to the US warned in a letter to US Secretary of State John Kerry
that if the country was found to be in contempt of court, it would represent
"unlawful interference" in Argentina's domestic affairs.
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