NEW YORK/BUENOS AIRES Argentina cannot turn its back on negotiations with holdout creditors after defaulting on its sovereign debt, a U.S. judge instructed on Friday, just as the country's failure to service a June interest payment was declared a "credit event."
In a stern tone, U.S. District Judge Thomas Griesa in New York slammed the decision by Latin America's third biggest economy to defy his order that it pay in full holdout investors suing it and instead default on $29 billion (£17.24 billion) in debt.
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