Argentina will appeal against a US ruling ordering it to pay $1.3bn (£800m) to foreign creditors holding bonds that it defaulted on in 2001.
The government has until 15 December to reimburse the hedge funds, which shunned two exchanges of defaulted debt in 2005 and 2010.
But Economy Minister Hernan Lorenzino rejected the decision, saying it was illegitimate to pay "vulture funds".
MORE: http://www.bbc.co.uk/news/world-latin-america-20456003
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