Argentina asks Washington to intervene in debt dispute

|By:, SA News Editor

Argentina's default has taken a new swing, following Judge Thomas Griesa's threat of a contempt order unless the government stops publicly claiming it has met its obligations and is not in default.

However, Argentina says that it has paid the holders of its restructured bonds when it deposited $539M into the account of intermediary BNY Mellon in June.

The South American country has now called on Washington to intervene, saying a contempt order would violate Argentina's sovereign immunity.