Argentina threatened with contempt order by US judge
Published on Aug 9, 2014 5:02 PM
NEW YORK/BUENOS AIRES (REUTERS) - Argentina's economy ministry once again defiantly asserted the country has made a required debt payment on restructured sovereign bonds on Friday night, just hours after a US judge threatened a contempt-of-court order if Argentina did not stop issuing such statements.
US District Judge Thomas Griesa, who has overseen the nation's long-running debt battle with hedge funds, railed at Argentina's lawyers at a hearing in New York a day after the publication of another so-called legal notice insisting the government has met its payment requirements and was therefore not in default.
Holding a newspaper copy of the notice, Griesa said if the false statements did not stop, a contempt of court order will become necessary.
Later on Friday, however, Argentina's economy ministry issued a statement accusing Griesa of "clear partiality in favor of the vulture funds."
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