Once that clause expires, the vulture funds and their friend the Nixon-appointed zombie judge Thomas Griesa will have a much harder time forcing Argentina into actual default. The Buenos Aires Herald also reports:
A negotiation would possible in January considering a different scenario in Argentina’s debt dispute with vulture funds could emerge, Economy Minister Axel Kicillof said calling the groups of creditors suing the country over its defaulted bonds more than a decade ago the “ebola of the financial system.”
“Starting in January, it is possible that after so many pressures they tried to apply, with the position of the President (Cristina Fernández de Kirchner) very clear, attending the law and (refusing) to not giving some bondholders more than what has been given to others, facing that situation they (vulture funds) have not been able to turn, we will probably find another scenario,” Kicillof said in statements to media.
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