Argentina Says Willing to Negotiate With Holdouts Next Year
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Argentina said it’s willing to begin negotiating next year to settle a legal dispute with holdout creditors from the 2001 default that drove the country into nonpayment of its debt in July.
Cabinet chief Jorge Capitanich said today that Argentina would negotiate in the first quarter of 2015 if a New York court grants a stay of execution on a ruling ordering the country to pay the litigants in full when it compensates holders of restructured bonds. Argentina defaulted for a second time in 13 years on July 30 after U.S. District Judge Thomas Griesa blocked an interest payment because Argentina refused to abide by the ruling.