Thursday
October 30, 2014
Thursday, July 24, 2014

Vulture funds claim Argentina wants default

Billionaire hedge fund manager Paul Singer.

The NML Elliot fund owned by billionaire Paul Singer said today the Argentine government “made it clear it wants to default” after the meeting with appointed mediator Special Master Daniel Pollack over the Argentine defaulted debt case.

“Argentines stated the solution is impossible. The result of the meeting is unfortunate and unnecessary,” NML said in a press release.

The “vulture fund” added it was ready to negotiate with Argentine representatives and “disposed to be flexible in order to reach a solution,” but Argentina “again rejected to negotiate any aspect of the dispute.”

“Argentina made it clear it wants to default,” they concluded.

Tomorrow, representatives from both parties will meet again in New York to try and reach an understanding before July 30, Argentina’s deadline to pay holdins.

According to US Judge Thomas Griesa, Argentina has to pay holdouts as well as bondholders which entered the 2005 and 2010 debt restructurings before that date, if not, the country will default.

  • CommentComment
  • Increase font size Decrease font sizeSize
  • Email article
    email
  • Print
    Print
  • Share
    1. Vote
    2. Not interesting Little interesting Interesting Very interesting Indispensable
Tags:  Vulture funds  Argentina  default  debt  





22
  • Comment
  • Increase font size Decrease font size
  • mail
  • Print

COMMENTS >

Comment




Grupo ámbito ámbito financiero ambito.com Docsalud AlRugby.com Premium El Ciudadano El Tribuno Management

Director: Orlando Mario Vignatti - Edition No. 4296 - This publication is a property of NEFIR S.A. -RNPI Nº 5177376 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA