Argentina pushes for court stay

|By:, SA News Editor

Argentina has again asked Thomas Griesa, the U.S. District Judge handling the country's bond payments case, to put a stay on his ruling which requires it to pay holdout investors $1.33B plus interest.

Previously, all requests were denied, although Argentina is stressing that should it pay the holdouts, it would open up a door to further liability and additional claims.

"As those risks remain, so does the necessity and appropriateness of a stay," writes Argentina's lawyers.

The country has just over a week to avoid a default.

ETFs: ARGT