Argentina blames US, 'incompetent' judge for default

Argentina blamed the United States Thursday for the legal battle that forced it into its second default in 13 years, accusing the judge and mediator in the case of "incompetence." The country officially went into default Wednesday night after the failure of 11th-hour talks with two US hedge funds refusing to accept a write-down on their Argentine bonds. Argentine President Cristina Kirchner's cabinet chief, Jorge Capitanich, blamed the American government for the default, brought on by a US court ruling that blocked Buenos Aires from servicing its restructured debt without also paying the hedge funds the $1.3 billion it owes them. There's a responsibility of the state here, of the United States, to create the conditions for the unconditional respect of other countries' sovereignty," he told a press conference in Buenos Aires.

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