Argentina: Won't Submit To 'extortion' On Debt

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Argentina: Won't Submit To 'extortion' On Debt

by Wochit 0:35 mins

4,500 views

Argentina: Won't Submit To 'extortion' On Debt

by Wochit 0:35 mins

4,500 views

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. In a national address Monday night, Cristina Fernandez repeatedly vowed not to submit to "extortion," and said she had been working on ways to keep Argentina's commitments to other creditors despite the threat of losing use of the U.S. financial system.

Wochit

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