Argentina says no debt negotiations while 'attacks' continue
Source: Reuters
Argentina will not negotiate with the U.S. hedge funds suing over unpaid debt for as long as the investment firms continue harassing the country, lawyers acting on behalf of the Argentine government said on Monday.
The letter from law firm Cleary Gottlieb Steen & Hamilton LLP to the mediator presiding over the stalled talks comes three days after a U.S. judge urged all parties to get back to the negotiation tables.
The funds "have increased their unwarranted attacks on the Republic, both in and out of court," the latter stated. "They have sought orders freezing immune diplomatic assets ... and sought to thwart clearly legitimate domestic debt issuances."
"The Republic has informed us that, after careful consideration, it has concluded that engagement is not possible at this time."
Read more: http://www.reuters.com/article/2015/06/02/argentina-debt-idUSL1N0YN2R520150602
