Argentina: Won't submit to 'extortion' on debt

World News: . []

FILE - In this April, 28, 2005, file photo, a woman looks at old currency during the opening of the Foreign Debt Museum in Buenos Aires, Argentina. The museum, which is the world's first dedicated to a country's debt, opened nearly four years after Argentina staged the largest debt default in modern history. Argentine President Cristina Fernandez said Monday June 16, 2014 that Argentina can't comply with U.S. court orders to pay $1.5 billion to winners of a decade-long legal battle over defaulted debt, the position her country was left in Monday when the U.S. Supreme Court refused to hear her government's final appeal. (AP Photo/Natacha Pisarenko,File)BUENOS AIRES, Argentina (AP) — Argentina's president is refusing to go along with a U.S. judge's ruling requiring a $1.5 billion repayment of defaulted bonds, even though the U.S. Supreme Court rejected her government's appeals and left the order in place.


Read More: http://news.yahoo.com/argentina-wont-submit-extortion-debt-011133366--finance.html

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