US court ruling leaves massive debt for next Argentina govt

Buenos Aires

A NEW ruling by a US judge has increased the total Argentina owes holdout bondholders to US$5.2 billion - a massive responsibility that if upheld likely will fall to the next government, experts said.

In a 26-page ruling, US District Court Judge Thomas Griesa concluded on Friday that by refusing to make payment to some hedge fund and individual bondholders of its defaulted debt, while making payment to other creditors, Buenos Aires was in violation of an equal treatment provision in its contracts.