Argentina says U. S. bond ruling pushes it towards default

(AGI) New York, June 26 - Argentina is in danger of a furtherdefault after U.S. Supreme Court judge Thomas Griesa backed thereimbursement of hedge funds hit by Argentina's bond default,said Foreign Minister Axel Kicillof. Buenos Aires could end upowing up to 120 billion dollars, a sum it cannot pay as it onlyhas 28.5 billion dollars available in foreign currencyreserves, Kicillof added. . .

(AGI) New York, June 26 - Argentina is in danger of a furtherdefault after U.S. Supreme Court judge Thomas Griesa backed thereimbursement of hedge funds hit by Argentina's bond default,said Foreign Minister Axel Kicillof. Buenos Aires could end upowing up to 120 billion dollars, a sum it cannot pay as it onlyhas 28.5 billion dollars available in foreign currencyreserves, Kicillof added. . .