Arab Today, arab today argentinas new government set for fresh debt talks
Last Updated : GMT 07:44:17
Arab Today, arab today
Arab Today, arab today

Argentina's new government set for fresh debt talks

Arab Today, arab today

Arab Today, arab today Argentina's new government set for fresh debt talks

Argentina's president-elect Mauricio Macri
Buenos Aires - AFP

Argentina will send a team of negotiators to the United States in the coming few days, hoping for a fresh start to ongoing debt-crisis talks under its newly elected president, media reports said Sunday.

President-elect Mauricio Macri has given instructions "to initiate talks as soon as possible," his pick for finance minister, Alfonso Prat Gay,  told the daily newspapers Clarin and La Nacion.

The incoming government, which takes office this Thursday, hopes to end years of stalemate with the United States over efforts by Buenos Aires to restructure some $100 billion it defaulted on in 2001.

The standoff has tightly limited Argentina's ability to borrow on international markets.

Some US hedge-fund holders, which the outgoing Argentine administration had branded "vultures," have refused to join 93 percent of the country's creditors in restructuring the debt.

They and other "holdouts" have won US court support to recover 100 percent of the face value of their bonds, which Argentina rejects as unfair to the other creditors, which accepted sharp reductions in the value of their bonds to help the country rebuild its finances.

The US court has been able to block payments to holders of the restructured debt, saying Argentina must pay the hedge funds and a group of other holdout bondholders first.

Macri, a conservative, business-friendly former football executive, won last month's election, in a marked shift from the broad populist Peronism under his predecessor Cristina Kirchner -- a movement that has dominated Argentine politics for much of the past 70 years.

He has promised a sweeping overhaul of Kirchner's protectionist, hands-on economic policies.

Prat Gay cautioned that while the new Argentine government is eager to start negotiations, "engaging in talks does not mean that we are not going to be tough," he said, without giving a precise date for when the meetings will start.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today argentinas new government set for fresh debt talks Arab Today, arab today argentinas new government set for fresh debt talks

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 11:43 2017 Wednesday ,22 February

South Africa budget throws light on fractured ANC

GMT 11:35 2017 Wednesday ,22 February

British economy grows 0.7% in final quarter of 2016

GMT 06:04 2017 Wednesday ,22 February

Hammond closes in on budget goal

GMT 05:34 2017 Wednesday ,22 February

Euro zone economy outlook shines

GMT 04:10 2017 Wednesday ,22 February

US stocks finish at another all-time high
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday