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Pollack confirms meeting with Argentina on Tuesday, 24 hours before 'D' day

Tuesday, July 29th 2014 - 06:59 UTC
Full article 22 comments

Argentina will sent a negotiation team to New York on Monday for further talks with a US court-appointed mediator Daniel Pollack in its debt dispute with “holdout” investors, Cabinet Chief Jorge Capitanich said earlier, with just two days left to avert a default. Read full article

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  • willi1

    another group of lower foot soldiers on the way to the front. they have nothing to say nor to decide but only to talk and steal time.
    and the officers are at mercosur summit, a nonsens event like the speaches of ck an kicillof will proof.

    Jul 29th, 2014 - 08:07 am - Link - Report abuse 0
  • Klingon

    I guess Aerolineas Argentinas is making some cash out of flying the minions back and forth.
    Is the old hag going to ask Mad uro for for usd? His honey jar is empty too.
    The blue is now at 13 here in BA.

    Jul 29th, 2014 - 09:20 am - Link - Report abuse 0
  • Britworker

    I fear an 11th hour deal, oh the drama!

    Jul 29th, 2014 - 09:54 am - Link - Report abuse 0
  • Idlehands

    24 hours to go and the Argentine delegation still refuses to even meet with the holdout creditors. No prizes for guessing they've chosen to default.

    Jul 29th, 2014 - 12:14 pm - Link - Report abuse 0
  • Pete Bog

    “Argentine government sources said Economy Minister Axel Kicillof, the country's chief dealmaker who has brokered deals with foreign creditors and investors this year, will not be in the group because he's in Caracas, attending a Mercosur summit with President Cristina Fernandez.”

    Clearly, fantasy speeches about the Malvinas are more important than saving your country from collapse.

    Ostrich-head-sand.

    Jul 29th, 2014 - 12:36 pm - Link - Report abuse 0
  • Welsh Wizard

    And now we're are being told that the concept of “technical default” doesn't exist. Ostrich, meet sand.

    Jul 29th, 2014 - 01:05 pm - Link - Report abuse 0
  • owl61

    The probably with sticking your head in the sand, Ostrich-like, is that your ass is exposed and vulnerable.

    Jul 29th, 2014 - 02:11 pm - Link - Report abuse 0
  • reality check

    Ostrich head in sand.

    I think a better anology would be, head up you know where?

    It's infantile, ingnore the problem and it will go away!

    Jul 29th, 2014 - 04:41 pm - Link - Report abuse 0
  • Pugol-H

    With no one present on the Argy side with the power to “do a deal”, default, technical or otherwise, does seem the most likely outcome.

    Which raises the question, what then?

    Will the “vulture funds” simply fade away, or die of old age, or do they have a “phase two” plan.

    I suspect that “default” will not be the end of this, it wasn’t the end of it last time Argentina defaulted, it was just the beginning.

    These “Vultures” are unlikely to give up now, watch this space.

    Meanwhile the Argentinian economy and by extension people, take another hit that they really don’t need.

    Another triumph of diplomacy for CFK & Co.

    Jul 29th, 2014 - 06:27 pm - Link - Report abuse 0
  • reality check

    1930 GMT.

    NO RESULT YET.

    TICK TOCK, TICK TOCK.

    Jul 29th, 2014 - 06:30 pm - Link - Report abuse 0
  • paulcedron

    the default means nothing compared with the internal problems of the argentine economy.
    the price of the blue dollar rose 30 cent yesterday and now decreased 20 cents only because of rumours and nothing changed substantially.
    the real problems are inflation and stagnation.
    with or without default nobody is going to invest their dollars here while kirchner + kicillof are in charge.

    Jul 29th, 2014 - 06:44 pm - Link - Report abuse 0
  • redp0ll

    @11 For a change I agree with you paul.

    Jul 29th, 2014 - 07:16 pm - Link - Report abuse 0
  • Klingon

    Paul, You are correct. I don't see any of our domestic problems being solved until the next government gets in. Expect more of the same for the next year.

    Jul 29th, 2014 - 07:58 pm - Link - Report abuse 0
  • Troy Tempest

    Sad for the Argentine people.

    It's too bad that the culprits, CFK et al will probably not be held accountable - they 'll slip their heads out of the noose and leave others holding the bag.

    You have my sympathies.

    Jul 29th, 2014 - 08:55 pm - Link - Report abuse 0
  • ChrisR

    @ 11
    “the default means nothing compared with the internal problems of the argentine economy.”

    I can see your point BUT a default does dramatically reduce the options for the rest of the economy: your final paragraph sums it up exactly.

    Jul 29th, 2014 - 09:35 pm - Link - Report abuse 0
  • Klingon

    Looks like Killichoff is in NY to hammer out some kind of last minute deal.
    They take brinkmanship to a whole new level.

    Jul 30th, 2014 - 12:33 am - Link - Report abuse 0
  • commonsparrow

    The u.s. does not rewrite the constitution to fit the situation . Argentina will be held accountable for the disrespect of the rulings, for the defiance to the court orders for still attempting illegal manuevers. Negotiate and make it quick.

    Jul 30th, 2014 - 02:06 am - Link - Report abuse 0
  • Jay Bee

    In recession, battling high inflation, likely about to default and little or no access to money markets. It was hardly more than a year ago that TMBOA was telling us that they were in great shape.

    What was the purpose of making INDEC lie? Was that to prevent the local population from panicking? Would it be worse for them by now if INDEC reported accurately?

    Jul 30th, 2014 - 05:33 am - Link - Report abuse 0
  • MagnusMaster

    @18 They fudged the numbers to pay less on inflation-indexed bonds.

    Jul 30th, 2014 - 07:59 am - Link - Report abuse 0
  • ElaineB

    So Kicillof is in New York and not at the Mercosur summit in Venezuela. Some news items out of Buenos Aires are reporting him being in Venezuela. Why the secrecy? He is not attending an AA meeting. Why don't they tell the people of Argentina what is really happening? The government works for the people.

    Jul 30th, 2014 - 08:37 am - Link - Report abuse 0
  • Pugol-H

    @ 20 ElaineB
    Not in this case, it would seem.

    Jul 30th, 2014 - 06:16 pm - Link - Report abuse 0
  • MagnusMaster

    @20 Since when the government of Argentina works for the people?

    Jul 30th, 2014 - 10:43 pm - Link - Report abuse 0

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