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A US Supreme Court judge called today for a new hearing between defaulted Argentina and holdout vulture fund creditors who claim the country owes them over $1.5 billion (£893 million).
New York Judge Thomas Griesa said he was responding to ads published in the Wall Street Journal and New York Times from the Argentine government requesting that it be allowed to pay out money to bondholders which is frozen in the Bank of New York under judges instructions.
Judge Griesa said the ads “have to stop” and even instructed the country’s lawyers to advise the government to pull the ads.
The Argentine government has said that blocking the payments was “inappropriate” and President Cristina Fernandez said that Judge Griesa was trying to take over “the country’s sovereignty.”
Judge Griesa’s intemperate response came just hours after news broke that Argentina had filed a claim against the US at the International Court of Justice in the Hague, accusing Washington of violating the “sovereign immunity” of the country.
