Mediator Pollack meets with Argentina and holdouts' solicitors

Thursday, June 26th 2014 - 00:14 UTC

Full article 12 comments

Mediator Daniel Pollack named by New York Judge Thomas Griesa to try and help reach an understanding in the long running dispute between Argentina and the holdout hedge bond holders, said he had already held meetings with the solicitors from both sides. However he only revealed that discussions will continue until a resolution is reached. Read full article

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Anglotino
While Pollack will not be making any further statements on this process, I am sure we will hear continual Argentine government updates on an almost daily basis.
Jun 26th, 2014 - 12:38 am - Link - Report abuse 0
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CabezaDura2
Argentine government updates will consist of mainly cheap rhetoric but under the table they will try to get some shady legal exit that avoids paying fully the 6% of holdouts and have NML and the rest of the hedge funds paid with as much bonds as they can as they paid Repsol, CIADI and the Paris Club.

The best solution is Argentina defaults again and the Holdouts can seize all the crappy planes of Aerolineas Argentinas that fly at millionaire losses and other assets abroad, capp the government both national and provincial of taking more debt abroad after already indebting the public sector. Use what little liquidity is left iin the BCRA to keep peso on float and import medicine and essentials only.
Force a crisis and have new elections before the end of the year and make the next gov't negotiate a paying plan with the Holdouts.
Jun 26th, 2014 - 01:08 am - Link - Report abuse 0
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yankeeboy
They're setting themselves up to default and blame it on the US Courts and certainly not on the good nature and trustworthy Argentinians who have been paying their bills on time for the last 8 years out of the 200. they've been in existence.
I do find this fascinating and fun to watch.
They are making absolute fool of themselves in the public area.
I don't know how anyone can stand to have a meeting with them
Nothing worse than someone stupid who thinks their smart and they are arrogant on top of it.
It makes my skin crawl
Jun 26th, 2014 - 01:21 am - Link - Report abuse 0
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reality check
The part about conducting the negotiations in a confidential manner, lol.

Now that really tickles me.
Jun 26th, 2014 - 06:28 am - Link - Report abuse 0
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ElaineB
They blames the U S last time. They need to maintain the myth that the world is against them when the reality is that they are against the world.
Jun 26th, 2014 - 07:46 am - Link - Report abuse 0
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Conqueror
The concept that argieland “will act in good faith and is committed to honor 100% of creditors.” is off somewhere in fantasy land. The penalty of cheating, lying and stealing for decades at least. Argies have only themselves to blame. And time is running out!
Jun 26th, 2014 - 08:53 am - Link - Report abuse 0
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reality check
Act in good faith.

Like there is a lot of precedent by which to judge their acts of good faith by.

If anything, the precedent proves the opposite.
Jun 26th, 2014 - 09:40 am - Link - Report abuse 0
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yankeeboy
I wonder if they realize Judges don't change verdicts?

I wonder when they'll figure out the stay is not going to happen.
I don't think they have a clue how the USA works.

Tick Tock
Jun 26th, 2014 - 11:18 am - Link - Report abuse 0
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reality check
Capitanich says Argentina is celebrating the support of 133 countries and specialist international media outlets.

Good, don't pay then, see what fucking good that support does you when the court starts seizing your assets all over the world!
Jun 26th, 2014 - 03:23 pm - Link - Report abuse 0
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ChrisR
Not the fabled 133 countries again!

How can NML succeed against these odds?

Watch next week’s episode kiddies for with ONE BOUND NML WILL GET THE DOSH!

There, how thrilling was that? :o)

(apologies for those who never went to “Saturday morning at the local cinema”).
Jun 26th, 2014 - 03:51 pm - Link - Report abuse 0
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reality check
Oh yeah.

Tanner to get in, tanner for sweets.

Great memories of playing Zorro for the rest of the day!
Jun 26th, 2014 - 04:05 pm - Link - Report abuse 0
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ChrisR
@ 11 reality check

Threepenny bit each way on the bus for me.

These kids with Ninendo and WEE (pun intended) don't know what they are missing! :o)
Jun 26th, 2014 - 09:43 pm - Link - Report abuse 0
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