Aurelius rules out private Argentina solution

Buenos Aires
By Oliver West
14 Aug 2014

One of the key holdout creditors in the Argentine debt saga dismissed any hope of a settlement with the private sector this week, leaving a cure for the sovereign’s default looking further away than ever.

Aurelius Capital Management said on Wednesday that engagements with private parties regarding a possible settlement have convinced them “that there is no realistic prospect of a private solution”.

The news shot down what many bondholders saw as the only possible cure to Argentina’s default at least until January ...

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