Argentina Deposits Debt Payment, But U.S. Court Blocks Payout
Argentina has deposited the next payment needed to avoid a default on its restructured bonds, but a U.S. federal court decided on Thursday not to let the payment go through. Both actions increased the stakes in a 12-year legal chess game between Argentina and creditors who refused to accept the downgraded terms offered by the country’s 2005 and 2010 debt restructurings and are suing for full repayment.
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