International Business Times – According to the Wall Street Journal, the justices on Monday rejected Argentina’s appeal of a lower-court ruling that said the country can’t make bond payments until it compensates hedge funds that refused to accept restructured debt in the years after Argentina’s 2001 default. Because of that ruling, the country has to decide by the end of June whether to reach a deal with the holdouts or default on its next debt payment.
But Argentina’s president, Cristina Kirchner, has refused to negotiate with the holdouts, calling them “vultures,” the Journal reported.
