Kicillof blames Judge Griesa for the 'no-deal' situation with holdouts

According to Kicillof, Judge Griesa is allowing 1% of holdouts to block 92.4% of bondholder from collecting their coupons According to Kicillof, Judge Griesa is allowing 1% of holdouts to block 92.4% of bondholder from collecting their coupons

Argentina failed to strike a deal to avert its second default in more than 12 years after talks with holdout creditors and special mediator Daniel Pollack ended without a settlement on Wednesday.

“Argentina will imminently be in default: no agreement was reached”, said Pollack

Special Master said default is not a mere “technical” condition, but rather a real and painful event that will hurt real peopleSpecial Master said default is not a mere “technical” condition, but rather a real and painful event that will hurt real people

“Unfortunately no agreement was reached and Argentina will imminently be in default”, admitted Daniel A. Pollack, the Special Master appointed by Judge Thomas P. Griesa to conduct and preside over settlement negotiations between Argentina and its holdout bondholders. Pollack emphasized that with default “the ordinary Argentine ...

Argentine private banks prepared to buy holdouts' credit; Kicillof/Pollack talks to continue today

 “These were the first face-to-face talks between the parties. There was a frank exchange of views and concerns; issues remain unresolved”, said Pollack “These were the first face-to-face talks between the parties. There was a frank exchange of views and concerns; issues remain unresolved”, said Pollack

“Special Master” Daniel Pollack, the mediator appointed by US judge Griesa to resolve the dispute between Argentina and the speculative funds' holdouts said the parts talked “face to face” for the first time and assured a new meeting will be confirmed during the day. If a deal is not reached Wednesday sunset Argentin...

IMF warning on interest rates and Russian crisis for some EU banks

If the US and UK tighten monetary policy sooner than expected, it could lead to higher borrowing costs worldwide, said IMF Christine LagardeIf the US and UK tighten monetary policy sooner than expected, it could lead to higher borrowing costs worldwide, said IMF Christine Lagarde

Sharply higher interest rates around the world could combine with weaker growth in emerging markets to slice as much as two percentage points off global growth in the next five years, the International Monetary Fund said on Tuesday.

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