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Argentina threatened with contempt order by US judge

Published on Aug 9, 2014 5:02 PM
 
Carmen Corrales, attorney for Argentina, arrives at the US Federal Courthouse on Aug 8, 2014 in New York for a hearing into the Argentinian debt. Argentina's economy ministry once again defiantly asserted the country has made a required debt payment on restructured sovereign bonds on Friday, Aug 8, 2014, night, just hours after a US judge threatened a contempt-of-court order if Argentina did not stop issuing such statements. -- PHOTO: AFP

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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