Argentina closer to default after judge denies stay
![Argentina](https://assets.euromoneydigital.com/dims4/default/44e7e97/2147483647/strip/true/crop/230x153+0+0/resize/840x559!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fa1%2F5e%2F897e91885ffc3d7eea1e76c13864%2Fpa-20458883.jpg)
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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