Friday, November 23, 2012

Argentina Vows Not to Pay One Dollar

Economy Minister Hernan Lorenzino
Economy Minister Hernan Lorenzino announced that Argentina will continue to fight paying loans off.

Lorenzino, on Friday, said that his country will take their case all the way to the US Supreme Court, if necessary.

He argues that paying off their debt would be giving in to the "vultures" and "judicial colonialism".

The Minister said that the only thing missing from the US threats was "the Fifth Fleet".

This comes after Wednesday's decision, by New York federal judge Thomas Griesa, which ordered the country to pay off it's defaulted debt immediately.

President Cristina Fernandez swore that Argentina will not pay one single dollar.

Argentina owes around $1.33 billion dollars to various financial companies.

The seizure of the ARA Libertad, by Ghana, is part of the ongoing drama over the money owed.

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