Stood up.Negotiations between Argentina Argentina (ärjəntē`nə, Span. ärhāntē`nä), officially Argentine Republic, republic (2005 est. pop. 39,538,000), 1,072,157 sq mi (2,776,889 sq km), S South America. and its creditors have been anything but smooth. In June, the Argentine Argentine having some relationship with the country Argentina. Argentine tick margaropuswinthemi. Argentine tortoise geochelonechilensis. government stood firm on its offer to pay only 25% of the US$100 billion of its defaulted debt. Afterewards, it seemed the government was the only one happy with the proposal. One group of creditors canceled a meeting with Argentine negotiators. "We said that we are not going to this meeting ... They want to use us to show off to the world that they are meeting with creditors." --Marcos Zelasco, director of the Association for those Condemned con·demn tr.v. con·demned, con·demn·ing, con·demns 1. To express strong disapproval of: condemned the needless waste of food. 2. by Pesification and Default (Wall Street Journal) "Obviously, this is our final offer." --Roberto Lavagna, Argentine Economy Minister (The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times) "There is good predisposition predisposition /pre·dis·po·si·tion/ (-dis-po-zish´un) a latent susceptibility to disease that may be activated under certain conditions. pre·dis·po·si·tion n. 1. on the part of the creditors to analyze and accept this offer." --Alberto Fernandez, Argentine chief of staff (Clarin) "This is a negotiation ... we will go to the meeting and demand exactly what we have demanded previously." --Marta Zurbano, spokeswoman for the Association of Argentine Savers (Wall Street Journal) "[The new offer stipulates] a very long payment plan, and it is impossible that Italian creditors will accept a solution of this nature." --Mauro Sandri, director of the Comitato Creditori Argentina (Clarin) "There is no point in meeting to listen to their done deal." --Horacio Vasquez, treasurer of the Argentina Bondholders Association (Bloomberg Bloomberg A major global provider of 24-hour financial news and information including real-time and historic price data, financials data, trading news and analyst coverage, as well as general news and sports. ) "It is very important [that Argentina] reaches an accord with all of its creditors." --Rodrigo Rato, director, International Monetary Fund (La Nacion) |
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