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US Judge Allows Argentina to Resume Paying Creditors

Argentina paid creditors on Friday who had refused debt restructurings after a record 2002 default, closing the book on nearly a decade of messy litigation as new President Mauricio Macri embraces global financial markets. U.S. District Judge Thomas Griesa in Manhattan confirmed the payments and issued an order allowing Argentina to resume servicing its renegotiated bonds, lifting an injunction that had triggered another default in 2014. "This payment agreement will allow us to...

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