Loading…
Saturday, September 20, 2014
Current Weather
Loading Current Weather....
HomeNewsWorld
Published: Sunday, 7/6/2014

Argentina's Kicillof to lead debt delegation to NY

ASSOCIATED PRESS

BUENOS AIRES, Argentina — Argentina’s economy minister will lead a delegation that will meet with a court-appointed negotiator in a long dispute with U.S. holdout creditors.

The economy ministry said Sunday night that Axel Kicillof will meet Daniel A. Pollack in New York on Monday.

Pollack is presiding over negotiations between representatives of Argentina and U.S. bondholders aimed at resolving the conflict over $1.5 billion in debt. The holdout funds will not be part of the meeting.

Argentina needs to strike a deal before the end of the month with the holdouts if it is to avoid a default. The holdouts rejected debt swaps after Argentina’s original $100 billion default.

U.S. District Judge Thomas Griesa has said it would be illegal for Argentina to make a payment to other bondholders without paying the holdouts.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories