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Argentina President Defies US Court Order on Repayment of Debts
(Photo Credit: Reuters)
By Fox News
Argentina’s president has said that she would refuse to comply with a U.S. judge’s order to pay $1.5 billion to winners of a decade-long legal battle over defaulted debt after the U.S. Supreme Court refused to hear her government’s final appeal.
Delivering a nationally broadcast address Monday night, Cristina Fernandez expressed willingness to negotiate with the winners, but said there is simply no way that Argentina can pay the amount in cash, in full, starting just two weeks from now, which is what the U.S. courts have ordered.
