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Argentina Warns of Severe Measures for U.S. Envoy’s Default Talk

Argentina warned the U.S.’s top diplomat in the country today he would suffer “severe measures” if he continues to describe a blocked bond interest payment as a default.

Comments by Charge D’Affaires Kevin Sullivan that Argentina should cure the default it entered July 30 as soon as possible were “improper” since Argentina’s inability to pay bondholders stems from a “perverse” ruling by a U.S. judge, the Foreign Ministry said today in an e-mailed statement. Foreign Minister Hector Timerman today summoned Sullivan for a meeting today following comments he made in an interview in the Buenos Aires-based newspaper Clarin yesterday.