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Argentine private banks discussing bond purchase from holdouts

Thursday, July 31st 2014 - 06:55 UTC
Full article 10 comments

The meeting between Argentine private bank representatives and the 'holdouts' over the debt held by the hedge funds has been adjourned and will be resumed on Thursday, according to Buenos Aires financial daily Ambito.com. Read full article

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  • CabezaDura2

    Ohh lies of ambito.com they have been at this for hours.

    Morales Sola has just explained why has this fallen through like the Reuters mentioned hours ago.

    http://www.lanacion.com.ar/1714497-las-dos-caras-relato-y-realidad

    The gov't forced the bankster to go to NY and the negotiations basically collapsed when it was clear that the banks had no guarantee they would be paid, in fact they run a fair risk of declaring themselves insolvent themselves.

    Anyway at the end of the day between New York vultures and Patagonian penguins like “Think” and CFK some sort of agreement is always possible ............
    http://www.lanacion.com.ar/1714497-las-dos-caras-relato-y-realidad

    Jul 31st, 2014 - 07:13 am - Link - Report abuse 0
  • Alistair Nigel (EUian)

    Absolutely not. This should not be allowed and the entire nation should riot in the streets if it is.

    This debt will then be socialized.

    No. If it goes through, then I may even call for an overthrow of the government.

    Jul 31st, 2014 - 07:36 am - Link - Report abuse 0
  • Jay Bee

    2 Now you're talking but go easy on the tyre burning. What is it about South American demonstrations that they have to involve fires?

    Where do you live?

    Jul 31st, 2014 - 09:03 am - Link - Report abuse 0
  • ElaineB

    @3 TTT (Insert current name) lives with his mother in Mendoza.

    @2 You are going to call for an overthrow of the government? That would be you and your mother then. You can't call for a cup of mate, let alone effect change. You live outside the system so how can you change it?

    Jul 31st, 2014 - 09:17 am - Link - Report abuse 0
  • Conqueror

    @2. You're going to call for an overthrow of your favourite “government”? Be sensible. You couldn't “overthrow” your kindergarten class. Why are you on here mouthing off? Shouldn't you be out on the streets leading “your” people? See, in a REAL nation, “the people” come together and fight. Argieland can't do that. It's all about selfishness. Maybe, in time, argieland could be turned into a country. Maybe in a hundred years. Until then, suffer!

    Jul 31st, 2014 - 12:21 pm - Link - Report abuse 0
  • Orbit

    Feel there is a high chance the government would be overthrown anyway if a private bank deal were to go through. Talk about complete loss of authority! Un-elected CEO's saving the country from its government, effectively making decisions on sovereign affairs? Lol.

    The minister had reiterated that “Argentina is willing and it will remain willing as always to talk,”. Apart from the period between when the SCOTUS decision was made and two days before default. When it might actually have been useful to talk, rather than spend the time requesting a stay, on the basis you didn't have enough time to talk. Just sayin' Axel.

    I'd even go so far to say that in a crisis situation of imminent default, it might have been useful to stay in NY talking, rather than toddle off home for the weekend to take junior to Saturday morning swimming lesson, or whatever was so pressing.

    Jul 31st, 2014 - 12:52 pm - Link - Report abuse 0
  • Brasileiro

    These speculators smashed their faces in the Argentine wall!

    Very very good!

    Jul 31st, 2014 - 03:54 pm - Link - Report abuse 0
  • Holdout.from.Germany

    If buyback by the banks, then please extended TO ALL HOLDOUTS!!!!
    Dear Mr. Singer, please let us not alone in the fight against the EVIL Argentina!!!

    Jul 31st, 2014 - 06:40 pm - Link - Report abuse 0
  • Captain Poppy

    Investors are called speculators now? Jealous that you are incapable of investing money for growth?

    These “speculators” are a little scratched from the wall.........but the wall just fell apart.

    Jul 31st, 2014 - 08:32 pm - Link - Report abuse 0
  • Chicureo

    Wall Street took a nasty fall today. The media is full of bad information on why Argentina defaulted. I really o find it remarkable how this bad drama is turning out, full of little surprises...

    Aug 01st, 2014 - 03:47 am - Link - Report abuse 0

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