According to Timerman, the country “is willing to pay 100 percent of the bondholders, but in an equal and legal way,” and considered that “negotiations are on a very well track.

Wednesday, July 9, 2014

‘Negotiations are on right track’, Foreign minister Timerman says

Foreign Minister Héctor Timerman assured today “negotiations with ‘vulture funds’ are on the right track,” in his first reaction since the meeting between Argentina’s representatives and mediator Daniel Pollack, appointed by US Federal judge Thomas Griesa to lead the talks in New York.

According to Timerman, the country “is willing to pay 100 percent of the bondholders, but in an equal and legal way,” and considered that “negotiations are on a very well track.”

“I imagine that reason will prevail,” expressed the minister in charge of Argentina’s Foreign Service.