Argentina to meet with US judge to resolve country's battle over debts

WorldAssociated Press

Argentina's cabinet chief says the county's representatives will meet with a U.S. judge to start negotiations aimed at ending a more than decade-old battle over $1.5 billion in debts.

Jorge Capitanich said on Monday that Argentina will make a formal presentation to U.S. District Judge Thomas Griesa in hopes of resolving the nation's unpaid debts. He didn't provide specifics.

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The creditors include hedge bond holders who recently won a victory in the U.S. Supreme Court for repayment of bonds that Argentina defaulted on in 2001.

The representatives will also seek equal treatment for some 92 percent of creditors who joined 2005 and 2010 debt swaps as well as for the remaining 7 percent of holdouts who didn't sue Argentina or who weren't part of the winning case.