Case study on Sovereign Debt (Argentina)

[CityFarmer]

After the US govt officially "urging", Argentina govt finally complies, and sending official for negotiation, and foregoes the previous "pre-condition"...

Argentina to send government officials to meet mediator in debt case

BUENOS AIRES - The U.S. court-appointed mediator in Argentina's battle with holdout investors in its debt said on Thursday the country's lawyers had confirmed that a group of government officials would travel to New York to meet him on July 7.
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http://www.todayonline.com/business/arge...-debt-case

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U.S. urges Argentina to find solution with holdout investors

WASHINGTON - The United States on Thursday urged Argentina to negotiate a solution with holdout investors after a string of U.S. court decisions that have pushed the country to the brink of default.

Argentina has until the end of July to settle with creditors who refused to accept the terms of past bond restructurings.

If it fails, the country -- already grappling with recession, one of the world's highest inflation rates and dwindling foreign reserves -- risks tumbling into its second sovereign debt default in 12 years.
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http://www.todayonline.com/business/us-u...-investors