MercoPress, en Español

Montevideo, November 22nd 2024 - 08:27 UTC

 

 

Argentina's Paris Club and Repsol debt deals possible accord path, hint holdout funds

Tuesday, July 1st 2014 - 23:57 UTC
Full article 6 comments

One of the holdout hedge funds involved in the lawsuit against the Argentine government over pending debt from the 2001 bonds default, pointed out on Tuesday that the agreements struck by Argentina with Spanish oil and conglomerate Repsol and the Paris Club are good examples for the basis of an eventual understanding. Read full article

Comments

Disclaimer & comment rules
  • Anglotino

    I didn't think that Argentina would default. However I am starting to reassess that position now.

    Jul 02nd, 2014 - 01:37 am - Link - Report abuse 0
  • HansNiesund

    @1

    It's the Falklands playbook all over again: loudly clamouring for negotiations which they then make impossible, appeals for validation to every irrelevant international gathering there is, histrionic posturing and repeatedly insulting their adversary. My guess is they are going to default, and they've intended to do so all along, they're just maneuvering to have a heroic victim card to play, largely for the benefit of the domestic audience.

    Jul 02nd, 2014 - 07:37 am - Link - Report abuse 0
  • Enrique Massot

    #2:
    Are Argentina representatives expected to be hard negotiators on behalf of the country?
    Absolutely! That is what Argentines expect--for a change.
    In the past, Argentines heard from the generals, from Carlos Menem and Fernando de la Rua about good arrangements reached with creditors. Then the foreign debt ballooned, ending up in the catastrophic default of 2001.
    The Singer-Griesa tandem should realize this time they have a tough bone to chew.

    Jul 02nd, 2014 - 03:23 pm - Link - Report abuse 0
  • Jmackiej

    Agreements with Repsol and Paris Club were a good model on how to deal with unpaid debt.

    Quite correct - Absolute capitulation and default by the Argentine government and its people.

    Jul 02nd, 2014 - 04:36 pm - Link - Report abuse 0
  • ChrisR

    @ 3 Enrique Massot
    “The Singer-Griesa tandem should realize this time they have a tough bone to chew.”

    Which bone would that be? One of those that TMBOA throws onto the table during ministerial meetings to decide what to do?

    You are REALLY FUNNY.

    PMSL.

    Jul 02nd, 2014 - 10:11 pm - Link - Report abuse 0
  • Enrique Massot

    Just wait. You'll see.

    Jul 03rd, 2014 - 01:21 am - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!