Argentina Can't Comply With Court Ruling: Kicillof

Argentina Can't Comply With Court Ruling: Kicillof Play

July 30 (Bloomberg) -- Argentina Economy Minister Axel Kicillof speaks at a news conference after Standard & Poor's declared Argentina in default after the government missed a deadline for an interest payment on $13 billion of restructured bonds. The South American country failed to get the $539 million payment to bondholders after a U.S. judge ruled that the money couldn't be distributed unless a group of hedge funds holding defaulted debt also got paid. (This report is in Spanish. Source: Bloomberg)

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