Argentina Plans Default, Creditors Say

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Argentina Economy Ministry building
The Economy Ministry building is seen in Buenos Aires June 18, 2014.

NEW YORK, July 24 (IFR) - Argentine representatives have made it clear that the South American country plans to default next week, a spokesperson for Elliott Management subsidiary NML Capital said late Thursday.
 
"We will continue to seek ways to engage Argentina in negotiations, but there is currently a total lack of willingness on Argentina's part to solve this problem," NML Capital said in a statement.
 
Representatives for holdout investors and Argentina in the country's ongoing debt default met for about three hours with a court-appointed mediator in New York on Thursday, less than a week before Argentina could once again default.
 
 
Several members of Argentina's delegation left the Manhattan office of special appointee Daniel Pollack around 3:30 p.m. EDT (1930 GMT) but declined to comment on the talks, Reuters reported. (Reporting by Paul Kilby; Editing by Natalie Harrison)

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