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Argentina unhappy with US judge
22 Aug 2014 14:02
Argentina today accused the US judge who called its new debt restructuring plan illegal of making "imperialist" comments against the country.
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Latin America's third biggest economy tipped into its second default in 12 years in July after US District Judge Thomas Griesa blocked payments to holders of debt issued under US law that was restructured following its record default in 2002.
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Griesa ruled that measures announced by Argentina's president this week to make debt payments locally and push bondholders to bring their debt under Argentine law violated past court rulings.
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But he stopped short of holding the country in contempt.
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Argentine Cabinet Chief Jorge Capitanich said US District Judge Thomas Griesa's choice of words were "unfortunate, incorrect and even, I would say, imperialist expressions".
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The government has accused the judge of abusing Argentina's national sovereignty and of siding with the US investment funds who rejected large writedowns in the wake of 2002 and are suing the country for full payment on their bonds.
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