patrick.net

http://latino.foxnews.com/latino/money/2014/06/17/argentine-president-refuses-to-honor-15b-debt-despite-us-supreme-court-ruling/

Argentina's president Cristina Fernandez de Kirchner took a hard line Monday and refused to comply with a U.S. Supreme Court ruling ordering her to repay $1.5 billion of defaulted bonds. On national TV, she vowed not to submit to "extortion." Her announcement came hours after the justices in Washington refused to hear Argentina's appeal, and it could be a last effort to gain leverage ahead of a negotiated solution that both sides say they want. But with only days before a huge debt payment ordered by the court is due, many economists, analysts and politicians said the country's already fragile...