Argentina closer to default after judge denies stay

© 2025 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Argentina closer to default after judge denies stay

Argentina
Argentine President Cristina Fernandez delivers a speech during the presentation of seven units for the Sarmiento Railway, at Villa Luro station, in Buenos Aires, capital of Argentina, on July 21, 2014. (Xinhua/Gustavo Amarelle/TELAM) XINHUA /LANDOV | TELAM/LANDOV/Press Association Images

US district court judge Thomas Griesa on Tuesday declined to grant Argentina a stay of execution on his decision to force the sovereign to pay holdout bond investors in full — leading investors and analysts to predict the South American nation would enter technical default on July 30.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article