In recent days the United States Embassy in Argentina released a warning to U.S. citizens in the country. Based on threats to the Embassy itself, the report recommended that Americans "always be aware of their surroundings and maintain a high level of vigilance".
President Fernandez called this report a "provocation."
Argentina was declared in default at the end of July after losing a U.S. Court case against hedge fund creditors led by billionaire Paul Singer. The creditors want Argentina to pay over $1.3 billion worth of sovereign debt dating back to the country's last financial meltdown in 2001.
The country has refused to pay, however, because these creditors refused to take a haircut on that debt like over 95% of investors.
Argentina has appealed to the U.S. government to intervene, and indeed it has before in cases like this. President Bush asked Paul Singer to heel when he was going after sovereign debt the Congo owed his hedge fund back in the day.
However neither the executive or legislative branches of the U.S. government have taken gotten involved with the case, and the fight rages on - most recently with U.S. Judge Tom Griesa finding Argentina in contempt earlier this week.....