24 May 2010

ARGENTINA: U.S. Judge Is Hailed As Hero For Debt Swap Ruling.

BLOOMBERG/    Semi-retired U.S. District Judge Thomas Griesa, 79, is a star in Argentina because for more than seven years the nation's return to international capital markets has rested on his rulings. When Griesa refused stop an $18.3 billion bond swap, he was portrayed on newspaper front page as a hero. “Griesa’s something of a celebrity in Argentine politics,” said analyst Federico Thomsen. “He’s a name any politician can mention to either say how scandalous the Kirchners are or to criticize the vulture funds” that are suing Argentina.