US Supreme Court justices today indicated that creditors should be able to seek limited information about Argentina's non-US assets in a case stemming from long-running litigation over Argentina's obligations to bond investors.
French Finance Minister Michel Sapin praised Argentina’s agreement with Paris Club creditors, saying it highlights the country’s effort to “normalize its relations with creditors.”
Economy Minister Axel Kicillof today affirmed the agreement Argentina reached with the Paris Club group of creditors “does not compromise the future or the present of the country.”
The government reopened a debt swap launched earlier this year, moving to mop up a remaining $6.1 billion in default and reduce lawsuits against the country.
The Paris Club is open to talks with Argentina on repaying its debt, the group of creditor nations said today, moving closer towards launching formal negotiations with Buenos Aires.
"Argentina has received a formal invitation for the beginning of talks and that invitation has a date which is May 26,” Capitanich told reporters this morning.
Greece's private sector creditors could take a loss of more than 70 percent in a planned debt swap, Finance Minister Evangelos Venizelos said.
Major Greek bondholders voiced their support for a deal that will more than halve the value of their holdings as their contribution to keeping the country afloat.
Lehman Brothers Holdings Inc said today that it has emerged from bankruptcy and will start paying back creditors on April 17.
Greece's creditors failed to persuade the leader of the main conservative party to drop his refusal to sign a pledge that he will back austerity measures under a bailout deal aimed at saving the country from financial ruin.
Chief negotiators for Greece's private creditors left Athens unexpectedly today without a deal on a debt swap plan that is vital to avert a chaotic default, sources close to the negotiations said.
Greece and its private creditors head back to the negotiating table on Saturday to put together the final pieces of a long-awaited debt swap agreement needed to avert an unruly default.