Argentina would be seeking for a cut in the punitive interests ordered by US Judge Thomas Griesa, a key point in the agreement to work.

Monday, February 1, 2016

Caputo meets with Pollack: 'Don't expect news for today'

Finance Secretary Luis Caputo todya arrived in the New York City offices of Daniel Pollack, the US court-appointed mediator in Argentina’s legal dispute against so called “vulture” funds, to resume negotiations on the country’s defaulted bonds.

“Don’t expect news for today,” Caputo said according to an AFP correspondent covering the story before entering the talks.

Caputo was reported to be taking to Pollack’s table an offer by the federal government with President Mauricio Macri recently saying “we don't want to remain listed as a defaulter, we want to resolve all outstanding issues."

Argentina would be seeking for a cut in the punitive interests ordered by US Judge Thomas Griesa, a key point in the agreement to work.

Meanwhile, sources close to the story told the NA news agency that representatives of hedge funds could be joining today’s meeting.