Financial sector

Judge Thomas Griesa also ordered that settlement must be reached between the south American country and ‘vulture funds’

A US judge chastised Argentina for telling “half-truths” about meeting its debt obligations after the country sought to rebuff assertions it had defaulted for the second time in just over a decade. Judge Thomas Griesa also ordered that talks to hammer out a settlement must continue between Argentina and a small group of its bondholders that Argentina’s president, Cristina Fern ndez de Kirchner, below, calls “vulture funds”.

Argentina slipped into default this week after it failed to reach a deal with the US hedge funds in time to make a repayment deadline to the rest of its creditors, which form the vast majority.

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