Ferchi

Certainly Argentina has no intention of paying Elliott anything. The country's view of Elliott is that it's an annoyance, which is causing it to rack up millions of dollars in legal expenses. And as a result, Griesa's view of Argentina is that while it will happily send expensive lawyers to appear in front of him on a regular basis, it will never actually pay the plaintiffs, no matter what he rules. Which is why, I think, he finally cracked and issued this pari passu ruling: it was the only way he could think of to get Argentina's attention.