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Holdouts request postponement of Argentina's proposal to solve dispute

Thursday, January 21st 2016 - 07:24 UTC
Full article 44 comments

Representatives from holdout investment funds have requested the Argentine government to postpone until the first week of February, next week's scheduled proposal to overcome the country's debt situation which remains technically in default. Read full article

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  • Troy Tempest

    The postponement is a bit of a non- story.
    It sounds like both sides are willing to do actual negotiations and resolve the issues as quickly as possible.

    Fresh ideas and attitude, from a new law firm sounds like good idea.

    Jan 21st, 2016 - 04:14 pm - Link - Report abuse 0
  • chronic

    @1.

    The rottingroadkillians will pay when they are absolutely compelled to and not a day before. They have to then secure the terms and then obtain legislative approval authorizing the settlement. Then they have to find someone stupid enough to finance the settlement with another tranche of bonds which will have to be coauthorized by separate legislative mandate and all this as commodity futures - the underpinning of any underwriting analysis - are falling through the floor.

    Keep your mouth shut and people will be.less likely to perceive the extent of your Canuck ignorance.

    Jan 21st, 2016 - 06:12 pm - Link - Report abuse 0
  • Klingon

    @2 I need a soft tissue printer

    I could then print out what you just wrote and wipe my ass with it.
    Damm you seriously are a tool.

    Jan 22nd, 2016 - 01:43 am - Link - Report abuse 0
  • Captain Poppy

    He's an Asswipe, another American saying, only he's acting it out.

    Klingon, you're Argentine. I'm in Patagonia, first time there.....beautiful.

    Jan 22nd, 2016 - 02:48 am - Link - Report abuse 0
  • Pontefractious

    My guess is that it will mostly be a down the road can kicking solution. The key issue will be Argentine recognition that the hold out debt carries seniority over the rescheduled debt. Then there will be a small cash payment because the hedgefunds have got to show their investors something. The remainder will be rescheduled over several years with perhaps some kind of accelator if the Argentine economy starts to improve. The Argentines should also negotiate the ability to pay some of the back interest on the rescheduled debt - enough to dissuade those debt holders from going to court to try to undo the deal with the hold outs. Of course, none of this is going to be easy for the Macri Government. There are bound to be accusations that they have sold out, just as there will be accusations of a Macri sell-out on the Falkland Islands following his meeting with Cameron. He is going to need to demonstrate that what ever deal he does with the hedge funds it has re-opened the doors to the international financial markets. To do that he could ask all lenders to come up with a small amount of new money. And that may well be the biggest test of his credibility to date.

    Jan 22nd, 2016 - 12:03 pm - Link - Report abuse 0
  • Marti Llazo

    Argento media today reporting that Macri's negotiations with the creditors are “not going well.” That is a coded way of saying “Argentina doesn't plan to offer to pay what is owed nor anything close to it.”

    Jan 22nd, 2016 - 02:50 pm - Link - Report abuse 0
  • Conqueror

    @5. I don't understand. Surely the hold-outs are capable of reading the argie announcements about its “reserves”. Anybody care whether argieland is broke? Pay the US$10 billion. Macri doesn't have much in the way of credibility so far. Didn't help trying to continue the Great Malvinas Lie. He should have you used his first weeks to tell argies the truth. For instance, the Kirchners have been lying and stealing for 12 years. The second Kirchner was twice as stupid as the first one. Argieland has been trying to impose itself on its neighbours, instead of living in harmony, because the government is scared. The Malvinas are really called the Falkland Islands and belong to Britain. Stand back and watch argie heads explode.

    Jan 22nd, 2016 - 05:04 pm - Link - Report abuse 0
  • Pontefractious

    @7 All the creditors ultimately want to get paid. Sure the Argies have a lousy record, but Macri represents the best hope they have had in some time. So right now the best strategy is a bit of mutual back scratching that will improve prospects of payment down the road while at the same time helping to establish the credibility that Macri sorely needs. Whatever they do is not going to involve a lot of cash because, as you point out, there isn't any. Anything they do do in that regard is going to be smoke and mirrors. Then the creditors will have to sit back and wait and see if Macri has a) the ability and b) the wish to deliver. Hey, maybe he's no different to the rest of the trough-grovellers, but investors really only have the one choice.
    As to the Falkland Islands, given the extent to which the Argentine population is brainwashed on this subject, Macri turning round and calling it like it really is would lead to massive erosion of support, which he cannot afford right now. So what he has done is identify a couple of targets eg getting the European Union to pressure the UK to enter into negotiations. Anyone with any sense knows that is never going to happen, so what he has cleverly done is taken the whole issue up a cul-de-sac from which hopefully it will never escape. As support for this analysis you will note that in reports of Macri's recent meeting with Cameron he is not quoted as having made a single statement or remark about the Falklands, something that would have been inconceivable under the previous regime. Macri wants to sideline the issue, just as he wants to sideline the debt issue, until he is in a better position to deal with it.

    Jan 22nd, 2016 - 06:18 pm - Link - Report abuse 0
  • Marti Llazo

    @ 8. Good and well-reasoned observations.

    Jan 22nd, 2016 - 06:30 pm - Link - Report abuse 0
  • chronic

    Clueless rottingroadkillians.

    lol.

    Singer already paid himself - both ways - by shorting the merval and driving it down and then reversing his position and driving it up.

    This is about more.

    Now is the time to get a pound of flesh.

    The hedgefunds know that the rottingroadkillians don't have and can't raise the cash.

    News flash: Singer doesn't want what he's owed - he wants more, that's why Macaroni and Gay Pratt is spooked.

    Jan 22nd, 2016 - 09:12 pm - Link - Report abuse 0
  • Captain Poppy

    You hatred runs as deep as your density, must come from that Mayflower group.....lol. I don't think the world is turning your way yb. Ive been bookmarking some of your favorite quotes for future use, just so I don't forget.

    Jan 22nd, 2016 - 10:28 pm - Link - Report abuse 0
  • Marti Llazo

    @10 “Singer doesn't want what he's owed - he wants more”

    --
    I'm curious what evidence there is of such an allegation. Even without the penalties, the amount lawfully owed is somewhere around US$9.88 billion. That's a lot of Gefilte fish.

    Jan 22nd, 2016 - 11:32 pm - Link - Report abuse 0
  • yankeeboy

    11. I am not Chronic.

    My family wasn't on the Mayflower we settled in 1635.

    You spend too much time thinking about people on here.

    Jan 23rd, 2016 - 12:29 am - Link - Report abuse 0
  • Captain Poppy

    You spend too much time making assumptions. But then, what else can you do with you life but do what you do here.
    Two years ago you posted it was the Mayflower, more likely Abbott Labs.

    Jan 24th, 2016 - 04:01 am - Link - Report abuse 0
  • yankeeboy

    Were you recently knocked on the head or take a bad fall? Did your “hurrycane” slip?

    Show me the post.
    I never said Mayflower because I know the names of the ships. My family is well documented on both sides.

    What assumptions are you talking about?

    Have you lost your ability to write in English? Your posts are becoming practically unintelligible.

    Jan 24th, 2016 - 03:19 pm - Link - Report abuse 0
  • Troy Tempest

    14 Capt Poppy

    I thought he said the Mayflower as well.

    Jan 24th, 2016 - 03:42 pm - Link - Report abuse 0
  • yankeeboy

    There's a search tool, use it.
    so you can embarrass yourself and prove me right at the same time.

    I've said many times on here I don't lie.
    I also have only 1 log in which I believe is in the minority

    Jan 24th, 2016 - 04:13 pm - Link - Report abuse 0
  • Captain Poppy

    Troy....might be heading to Montevideo if I have some time. Was doing some hiking around Tronodor. Locked out of my emails here for some reason. Maybe it was the Mayflower Madam he referred to....lol.

    Jan 24th, 2016 - 10:22 pm - Link - Report abuse 0
  • yankeeboy

    Guessing you two losers won't admit when you're wrong.

    Sad.
    and
    pretty embarrasing

    Jan 24th, 2016 - 11:11 pm - Link - Report abuse 0
  • Captain Poppy

    Don't be embarrassed. What did your parents do to make you like this?

    Like I said Gus, one round.

    Nov 29, 2013 ... I have family that came over on the Mayflower and like your cited article, I also have Berengial pedestrians in my family tree and only about 3-4 ...

    Jan 24th, 2016 - 11:19 pm - Link - Report abuse 0
  • yankeeboy

    Psst, that's not me.

    Bahahahahaha

    You never graduated did you?
    Is that what makes you angry?

    Jan 24th, 2016 - 11:24 pm - Link - Report abuse 0
  • Captain Poppy

    Whatever you say yb, no one can insult nor display anger and disgust Luke you. No wonder you teaballer love Donald Dimp.

    Pssst, he has a snowballs chance in hell. And before you ramble on mindlessly, no, I'm not cheering for the other assholes in the Democratic party.

    Somehow I see you as pride of Sarah Palin as well. Maybe I can blame my future actions on PTSD also.

    How's your wife doing these days? Lol

    Jan 25th, 2016 - 12:38 am - Link - Report abuse 0
  • yankeeboy

    Wow, you are certifiable.
    Get some help
    The VA is free

    Jan 25th, 2016 - 03:11 am - Link - Report abuse 0
  • Captain Poppy

    Sure....drive me to the VA when I'm back in the states. I'm sure you can certify me, you tell us you you know everything from economics to politics, you might us well blow the medical bullshit too. You should be distributing shovels with each post of yours.

    What do you say Gus, Monti video next week?

    Jan 25th, 2016 - 03:44 am - Link - Report abuse 0
  • yankeeboy

    Hold on a mo, now you think I am Gus?
    Bahahahaha

    You're a very stupid guy.
    and I'm very sure its not the first time you've heard it

    Yeah I'll meet you in MDV, I'll be at the Sofitel in the lobby on Wednesday at 5pm. Look for me I'll be the one with the pink carnation in my lapel.

    nutbag

    Jan 25th, 2016 - 12:49 pm - Link - Report abuse 0
  • Captain Poppy

    Gus, you....another assumption from a wannabe American? You really are an pathetic egoist to think that was to you. What the fuck did your daddy do to you?

    Keep posting yb, you are always a cheap laugh if nothing else.
    A few pats on your back, I am positive your arms get tired.

    Off to climb.

    Oh, and....eat shit and bark at the moon. BTW, what imagined American College did you pretend to graduate from, ivy league right.....

    Bahahahaha.

    Use some head wax rather than hand wax. No wonder you're single.

    Gus, no email?

    Jan 25th, 2016 - 02:08 pm - Link - Report abuse 0
  • yankeeboy

    I am more American than you...
    Single?
    Ivy League?

    I think you hit your head.
    Be careful not to fall down again.

    Jan 25th, 2016 - 02:10 pm - Link - Report abuse 0
  • Captain Poppy

    Funny you once told me I am not more American because I served, there is no such thing as more American.
    Whatever, I have a villa to visit. Go off and play American.
    If you weren't so stupidly funny you would be sad.
    Remember, headwax.

    Jan 25th, 2016 - 02:21 pm - Link - Report abuse 0
  • yankeeboy

    You should have your doctor check your meds.
    I think the dosage is wrong.

    Be careful climbing, don't forget your Vet cap with the snappy pins.
    Gotta keep the noggin cool.
    and at the same time tell people of your one lifelong accomplishment
    if it really is an accomplishment
    hard to say

    Jan 25th, 2016 - 02:33 pm - Link - Report abuse 0
  • Troy Tempest

    @29 YB

    I didn't realise that real Americans abused their veterans publicly, simply because they ARE veterans.

    It seems an odd thing to choose as a personal
    'fault', whatever you feel about an individual.

    Jan 25th, 2016 - 05:07 pm - Link - Report abuse 0
  • yankeeboy

    Abuse? That's rich!
    He's threatening me with violence online and you're supporting him?
    Phuleeze

    Plus that dumb hick always starts it
    he's got an issue with me for some imagined slight from long ago

    He mixes me up with loads of others on here, can't seem to tell anyone apart so he's probably really mad at someone else.

    BTW I see you didn't apologize for calling me a liar either.

    Jan 25th, 2016 - 07:40 pm - Link - Report abuse 0
  • Troy Tempest

    31 YB

    You are right, it's something between you two, and you've done your share of your stock in trade of being demeaning and insulting.

    @31“BTW I see you didn't apologize for calling me a liar either.”

    Stop being a whining hypocrite - show me where I publicly supported him meeting you to punch your lights out!!

    As to how American you are, or whether your family landed at Plymouth Rock, we can only go by what you tell us.
    That could be as truthful as “voice's” bunker in Trout Run, PA.

    You may never even have driven a Plymouth as far as I know, or you might be 'real', born in the USA.
    Apart from Trump, Limbaugh, or Romney, you sound like any of the NRA Republicans that I have encountered, and I know many of them.

    “Chronic” on the other hand, is a disembodied fake for sure.

    Jan 25th, 2016 - 09:19 pm - Link - Report abuse 0
  • yankeeboy

    You support him by saying I'm “abusing” him.

    I'll give as much as I get.
    I rarely start anything.
    Rarely.

    There's a few people on there that immediately attack me for no reason other than to troll.

    As I've said many times I don't lie.
    That's why you can't ever catch me in one.

    A bit more than 1/2 of the country thinks like I do.
    I am sure you know more than a few.

    I think Chronic is hilarious.
    Biting and hilarious with just a few very short words
    He winds all of you up so easily.

    Jan 25th, 2016 - 09:37 pm - Link - Report abuse 0
  • Troy Tempest

    33 YB

    “A bit more than 1/2 of the country thinks like I do.”

    How do you come to that conclusion ?

    Where do you get your figures to support that in a two party system?

    Obama was voted in by a majority twice - 2 terms, and regardless of NRA and Tea Party propaganda, there is public outcry against unrestricted gun ownership.

    Polls??? - statistics are only as good as the questions - and who is asked. “Chronic” is a voice-Troll riding on your coat tails... but you are sucking up the adulation as he eggs you on.

    I can approve of Captain Poppy over you, without being accountable for his every utterance. Not fair? Jealous? What (additional) childish insults are you going to send my way now?

    And you talk about me taking things too seriously on here...

    Jan 26th, 2016 - 01:22 am - Link - Report abuse 0
  • yankeeboy

    You support him like you support Elaine, both are trolls.
    Both egg me on and attack me without provocation.

    And at least being a good “Canadian” one would think you'd abhor bullies.
    And they're both bullies.

    Anyhoo, the USA is a center-right country. Always has been. Odumbo has moved more people into the right coulmn than we've seen in a long time with the vast majority of State Houses, Governors, US House and Senate being run with Republican Majorities.
    He's done more moving people “right” than any Prez since Carter.
    Best thing he's done.
    Maybe the only good thing.

    If Chronic is a Voice/Think/Marcos/Vestige persona at least it's one I occasionally agree with...the writing style is off to me though the other Think personas are pretty transparent. He can't hold them in line for long. Plus he's not smart.

    Jan 26th, 2016 - 12:54 pm - Link - Report abuse 0
  • Captain Poppy

    Attacked....perhaps. the reasoning rests in the simple fact the you are incapable, or simple lack the capacity to disagree or argue your pov without insults which in of itself speaks volumes of what kind of person you are.

    And, of course I am a violent man. Let's pretend you are an American. Do you want a pacifist protecting your ass?

    BTW, those were not threats. I'm a long haul hunter.

    Jan 26th, 2016 - 01:46 pm - Link - Report abuse 0
  • yankeeboy

    So I am supposed to believe you've been in the Military yet you don't believe I'm American?
    Do you see the hypocrisy and idiocy of your beliefs?

    I've never lied so I am very sure you can't find one.

    Cap, I am smart, off the charts smart, it's genetic, I can argue with facts until you're blue in the face and I will win.
    You have anger and emotions and you quickly revert to type.

    You can stop trying to threaten me. I am not scared of you. I really don't care other than pointing out the fact that you have an anger management problem. And that you're stupid to threaten me in an open forum which you may want to research criminal cases before you get yourself into serious trouble.

    Jan 26th, 2016 - 02:01 pm - Link - Report abuse 0
  • Captain Poppy

    I give a flying fuck what you believe of me like you of me.

    I am not trying to scare you....very simple. Those are not threats. Only the meek take them as such.

    I am not angry either. You really have no idea what anger is which explains tou.

    You are so scary smart yet you are incapable of making an opposing point without calling others , gross, dump, so stupid it's scary, filthy looking....and, and, and it goes on.

    I would call you Hitler, but no one is that evil. However, you have the same contempt to anyone who thinks different than you.

    Why do you hate those who think different than you?

    If you are as smart as your claims, make your point without insults. Though I believe you lack that intellectual capacity. And, Troy is correct, only your type would insult vets, like Donald and calling McCann a lose for bring a POW.

    Insults makes you stronger, you are what you are.

    Jan 26th, 2016 - 02:22 pm - Link - Report abuse 0
  • yankeeboy

    You are right that I think Collectivists are dirty and stupid. That's been my experience.
    They're stupid because they can't see where their tried and true policies and ideals take the very people they're trying to help.
    It always and I repeat always ends the same.
    Why do I think they're dirty you may ask? Just look at the Marxist“Occupy Whatever” and see what I am talking about or the 30+yo “children” hanging out at UBA.
    Everything I say I stand by.

    I would suggest you go back and read some of your posts with Toby, me, Hep and any number of people on here to see how aggressive you are, how insulting you are, how threatening you are and especially with Toby you get a weird psycho-sexual demeaning/bullying that you take way too far.
    Its not funny its disturbing.

    You are angry and if you don't think so its more of a problem for you than me

    My insults directed at you are merely a tit-for-tat of what you give me. I can not remember one time that I have insulted you without being provoked.
    I don't back down I will give as good as I get.
    Maybe you should learn from that.

    When you start to be civilized so will I.

    Jan 26th, 2016 - 02:45 pm - Link - Report abuse 0
  • Captain Poppy

    I possess full capacity for violence with extreme predjudice. However, if that is all it takes, than I also have the capacity to be civil, even to opposing views. Therefore I will.

    Jan 26th, 2016 - 02:51 pm - Link - Report abuse 0
  • yankeeboy

    Excellent.
    Let's both try it and see where it goes.

    Jan 26th, 2016 - 02:57 pm - Link - Report abuse 0
  • Captain Poppy

    Agreed

    Jan 26th, 2016 - 03:05 pm - Link - Report abuse 0
  • Troy Tempest

    @35 YB

    Don't know what “being Canadian” has to do with abhoring bullies - surely we should all feel that way, as individuals.

    Looking objectively, I do not see ElaineB or Poppy as “bullies”, they are not.
    They do seem to be bothered by your statements that lack compassion for the manipulated misguided dupes of Arg and Venzla.

    US politics: Both Republicans and Democrats are more Right-wing than any of our politicians.

    I think it's hard for Americans to see it from that perspective. One hopes for a strong America, but the vilification and rhetoric of opposing US parties is so destructive to mutual respect and unity, that it's depressing. I can't speak for Elaine and Poppy, but I suspect they feel the same way.

    Glad to see that you and Poppy can agree to co-exist.

    Jan 26th, 2016 - 05:17 pm - Link - Report abuse 0
  • yankeeboy

    The vilification of the “other” whether it's the party, the 1%, the “fat cats on wall street” started during GW Bush's term by the Dems.
    It got worse, much much worse, created Occupy this and that and the BLM under Odumbo.
    He is divisive and violently opposed to working with “the others” it's his way or the hwy.

    Hopefully the next Prez will change that.
    This is not the USA I grew up in.
    Frankly, I didn't even know people's politics and cared even less a decade ago.

    As I've been saying for many years, Odumbo is Carter 2 when he's gone ( if he actually keeps his mouth shut after he's not Prez) things should get back to normal.
    It is the reason people are tending to want a Non-Politician these days.

    The USA has a great ability to course correct when we feel its necessary.

    Jan 26th, 2016 - 05:54 pm - Link - Report abuse 0

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