The Traderszone Network

Published in TZ Latest News 22 August, 2014 by The TZ Newswire Staff

Argentina slams U.S. judge as ‘imperialist,’ peso halts rout

Argentina on Friday accused the U.S. District Judge Thomas Griesa blocked payments to holders of issued under U.S. Griesa ruled that measures proposed by Argentina’s president late on Tuesday to make debt payments locally and push bondholders to bring their debt under Argentine law violated past court rulings. President Cristina Fernandez’s measures, if enacted and executed, would potentially allow Argentina to skirt Griesa’s court orders and thus resume interest payments on an estimated $29 billion in restructured bonds.