Argentina closer to default after judge denies stay

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Argentina closer to default after judge denies stay

Oliver West
July 23, 2014 07:00 AM
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.

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Oliver West
US Bureau Chief - Latin America Editor
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