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Argentina’s President Cristina Fernandez risks default is she sticks to her vow not to pay creditors who won’t sign on to a restructuring deal.
Argentina’s President Cristina Fernandez risks default is she sticks to her vow not to pay creditors who won’t sign on to a restructuring deal.
(UESLEI MARCELINO/REUTERS)

Argentina should take the hint and settle bond tiff

Argentina just got a firm nudge from the U.S. Supreme Court. The tribunal declined to hear the nation’s spat with holdout creditors like NML Capital, an affiliate of hedge fund Elliott Management. That could spell default, given a vow by Argentine President Cristina Fernandez not to pay. With the top court taking a ruling off the table, though, the tacit message is to settle.