WorldViews: Three things to know about the Supreme Court’s ruling on Argentine debt — and why it matters to Argentina and the world

By Mariana Marcaletti, June 26, 2014

This month the Supreme Court handed Argentina a legal, psychological and financial defeat that continues to reverberate through the South American country — and the international financial community.

By leaving in place lower court rulings, the Supreme Court required Argentina to pay $1.3 billion before July 30 to holders of the country’s sovereign debt bonds. The action, combined with a related ruling, effectively meant that Argentina lost a 13-year legal battle and must now struggle to limit the damage.

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