Argentina Warns may fail to make 500 million dollar payment on debt

gmanetwork.com reported a US judge has blocked payments on the restructured debt as long as Argentina refuses to pay the holdouts, which it brands “vultures”. But, with no visible progress in talks with the holdouts, President Cristina Kirchner’s chief of staff, Jorge Capitanich, said the country could fail to make a $539-million payment on the restructured debt by the Wednesday deadline. “Argentines need to stay calm, because life goes on,” he told a press conference, promising that the government would “guarantee that the economic system continues to function.” The US court-appointed mediator overseeing the talks, New York lawyer Dan Pollack, said he would hold new meetings with the Argentinian delegation Tuesday. Read Article