Argentina’s president told a national television audience late Monday that the country would not abide by U.S. court rulings ordering payment of $1.3 billion to disgruntled creditors whose long-running legal battle against the nation received a boost from the U.S. Supreme Court earlier in the day.
In a defiant address, President Cristina Fernández de Kirchner called the court orders “extortion.” But she said her country will continue making payments to holders of its restructured debt.