Griesa Orders Argentina To Negotiate As Default Could Be Nasty

US District Judge Thomas Griesa is in a tough position.  The federal judge rejected Argentina’s latest bid for a stay of his ruling and ordered Argentina to work out an agreement with hedge-fund holdouts as a July 30 default date looms.

Argentina default will hurt real people: Judge Griesa

If a compromise can’t be found “there will be a default on July 30, and that is about the worst thing that I, sitting here, can envisage,” Griesa said. “I don’t want that to happen. Real people will be hurt by that. Real hurt. Not ‘vultures,’...