Argentina mediator pledges further negotiations amid stalemate

Oliver West

August 11, 2014 07:00 am

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 default on exchange bonds on July 30 has inspired in Argentina no inclination to budge from its position that it will refuse to pay holdout creditors more than the 30 cents on the dollar that exchange bondholders received in 2005 and 2010.

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Oliver West

US Bureau Chief - Latin America Editor