Seeking Alpha

Argentina to meet for last-minute possible negotiations

  • Last-minute talks between Argentina and holdout investors will take place today to avert the country's second default in the last twelve years.
  • A delegation team is being sent by Argentina to negotiate with court-appointed mediator Daniel Pollack, but holdouts will not attend the face-to-face talks - at least for today.
  • An Argentine default would unlikely send shock-waves through emerging markets worldwide due to the country's isolation from the global capital markets, but it will hurt Argentina's domestic economy which already battles a recession and soaring inflation.
  • ETFs: ARGT
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