IMF worries Argentine case will hamper debt relief

Published July 26, 2013 3:33pm ET



WASHINGTON (AP) — A years-long court battle in New York could have major implications for the world’s financial system as investors seek to recover unpaid debts from Argentina’s massive 2001 default.

Global finance officials fear a victory by creditors could make it more difficult to put together an international financial rescue package like the one that pulled the Greek economy from the brink of collapse in the past few years.

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