Argentina Bond Judge Orders Talks in Bid to Avoid Default
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The judge overseeing a battle between Argentina and holders of its defaulted debt ordered both sides into “continuous” negotiations to avoid a default eight days from now.
U.S. District Judge Thomas Griesa in Manhattan today rejected arguments by a lawyer for Argentina who warned of “a very imminent risk of default” unless there’s a temporary suspension of his order that defaulted bondholders must be paid at the same time as holders of its restructured debt.