Argentine front-runner Scioli says holdouts not a priority

[Judi Lynn]

Argentine front-runner Scioli says holdouts not a priority
Sat Oct 3, 2015 11:30am EDT


By Sarah Marsh

VILLA LA ÑATA, Argentina (Reuters) - Argentina's presidential front-runner Daniel Scioli said improving an offer to creditors suing the country over defaulted bonds would not be a priority if he wins an Oct. 25 election.

Whoever succeeds outgoing President Cristina Fernandez will inherit Argentina's long battle with "holdout" investors who rejected its debt restructuring following a 2002 default to seek full repayment in the courts instead.

Under the outspoken leftist Fernandez, Argentina has refused to offer better terms to the litigating hedge funds it calls "vultures" than it did to those creditors who accepted steep writedowns in bond swaps.

"Argentina has shown willingness to pay and the capacity to do so, so we have to see now if they have the willingness to adapt themselves to what the world and Argentina is proposing," ruling party candidate Scioli said late on Friday on the sidelines of a boxing tournament in the sporting club he built near his home in Villa la Ñata.

More:
http://ca.reuters.com/article/idCAKCN0RX0KS20151003?rpc=401

[forest444]

1. Let'em pound sand.

Drug money launderers like them usually have plenty of it about.

http://buenosairesherald.com/article/199670/kregel-%E2%80%98do-nothing-about-vulture-funds-let-the-case-sit-there%E2%80%99