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October 23, 2014
Wednesday, July 30, 2014

Argentina-VF hold 'face-to-face' talks for first time

US court appointed mediator in the Argentine debt crisis Daniel Pollack leaves the US Federal Courthouse.

Face-to-face talks between representatives of Argentina and so called vulture funds suing the country over its defaulted bonds took place for the first time on Tuesday since negotiations were kicked off in New York earlier this month to settle a 1.3 billion dollar dispute threatening Argentina with the ghost of default for the second time in a decade.

In a statement released yesterday’s night, the Special Master appointed by US District Court Judge Thomas Griesa to conduct Argentina-bondholders negotiations stressed Tuesday’s were “the first face-to-face talks between the parties”, adding there was a “frank exchange of views and concerns”.

Still, Mr. Pollack pointed out “the issues that divide the parties remain unresolved.”

Following yesterday's reunion, all eyes are focused on a new round of talks for today with Argentina's national private banks arriving in New York to offer a u$s250-million payment that could reinstate a stay blocking Griesa's ruling to pay hedge funds.

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Tags:  Daniel Pollack  New York  Argentina  vulture funds  face-to-face  talks  





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