Analysis - Argentine default in balance as government refuses to capitulate


Argentina's President Cristina Fernandez de Kirchner waves as she leaves the Itamaraty Palce after the 6th BRICS summit and the Union of South American Nations (UNASUR) in Brasilia July 16, 2014. REUTERS/Ueslei Marcelino (BRAZIL - Tags: POLITICS BUSINESS SOCIETY)

BUENOS AIRES (Reuters) - Argentine President Cristina Fernandez's unflinching poker face in the battle against "holdout" investors suing the country is increasing the odds that her government will default for a second time in 12 years at the end of this month.

She has refused to budge from her stance that Argentina cannot pay out in full to the holdout hedge funds, which snapped up bonds on the cheap after its $100 billion (58 billion pounds) default in 2002. That is despite indirect talks aimed at cutting a deal.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Russian forces pressuring Pokrovsk as 'last battles' rage
NATO expected to launch Arctic Sentry mission in coming days, sources say
UK's Starmer refuses to heed calls to quit over Mandelson scandal
Sudanese nomads trapped as war fuels banditry and ethnic splits
Spain's far-right Vox doubles its seats in Aragon regional vote
UK's Starmer refuses to heed calls to quit over Mandelson scandal
US Vice President Vance heads to Armenia, Azerbaijan to push peace, trade
Fifty-three migrants dead or missing after boat capsizes off Libya, IOM says
Rubio to lead US delegation to Munich Security Conference, chairman says
Italy's Alpine rescuers urge caution after string of avalanche deaths

Others Also Read