December 21, 2014
No meeting with Pollack scheduled for today
Argentina does not have a meeting scheduled for today with court-appointed mediator Daniel Pollack in New York in its debt dispute with holdout creditors but talks continue, a government source said, as the country looks to avoid a possible debt default on Thursday.
"There is no meeting scheduled for Monday. Talks are continuing," the government source said.Argentina's delegation headed home to seek instruction from the government after it failed to reach a breakthrough on Friday with the US court-appointed mediator Daniel Pollack, in talks that lasted just an hour.
Last week, US District Judge Thomas Griesa ordered Argentina and holdout creditors who have rejected its debt restructurings to meet continuously with Pollack to try to reach a deal and avoid the country's second default in 12 years.
Following legal setbacks for Argentina in US courts, the government is running out of time to comply with a 2012 ruling by Griesa to pay $1.33 billion plus interest to the funds.