PARIS/BUENOS AIRES (Reuters) - France will petition the U.S. Supreme Court to review Argentina's case in its decade-old legal battle with certain creditors, French Finance Minister Pierre Moscovici said on Friday, citing the importance of global financial stability.
The South American country, which defaulted on about $100 billion (65 billion pounds) in sovereign debt in 2002, is in a legal fight against holders of defaulted bonds who chose not to go along with restructurings in 2005 and 2010. Some 93 percent of holders accepted returns as low as 25 cents on the dollar.
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