Argentine debt tango dances back and forth

Written By Unknown on Sabtu, 21 Juni 2014 | 17.08

The mixed messages from Argentina keep on coming.

President Cristina Kirchner hinted Friday that the country is interested in negotiating with Paul Singer and other holdout creditors after the US Supreme Court refused to hear the deadbeat country's last appeal.

"We will ask for the conditions to negotiate and comply with 100 percent of the creditors," Kirchner said at a celebration for Argentina's Flag Day.

Argentina's lawyers said Wednesday that authorities would come to New York next week to negotiate with Singer. But the next day, a high-ranking official in her government said no such plan was in the works.

Friday's return to talk of negotiating came the same day Manhattan federal judge Thomas Griesa issued an order stating that a proposal floated by Argentina's economic minister to pay bondholders in Argentina "is in violation of the ruling and proceedings."


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