Kicillof joins holdout meetings, private banks heard helping on deadline day

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Kicillof joins holdout meetings, private banks heard helping on deadline day

Argentina, Axel Kicillof
Argentina's economy minister, Axel Kicillof, speaks to the media after leaving negotiations aimed at avoiding his country's second default in 13 years, Tuesday, July 29, 2014, in New York. U.S. District Judge Thomas P. Griesa last week ordered round-the-clock negotiations to avert a Wednesday default deadline. But talks have been sporadic and have failed to bring representatives of Argentina to the table with lawyers for U.S. hedge funds. (AP Photo/John Minchillo) | John Minchillo/AP/Press Association Images

Argentina’s economy minister Axel Kicillof arrived in New York on Tuesday to join finance minister Pablo López at talks with mediator Daniel Pollack in what one investor in Argentine bonds said was a “surprising last development” but a “positive sign”. Meanwhile, Argentina's private banks may be about to step in to help resolve the situation.

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