Argentina will keep talking to "holdout" investors who are suing the country for full payment on their bonds, but its demands should not be trivialized as whims, Reuters reported yesterday. President Cristina Fernandez said that Argentine officials would travel as often as necessary to New York, where negotiations aimed at staving off another painful debt default are being held through a court-appointed mediator. The latest round of debt talks between the two sides was pushed back by a day on Wednesday, mediator Daniel Pollack said, as the clock continued to tick toward a July 30 deadline for a deal. Pollack said that the meeting had been rescheduled for 12 p.m. EDT today. Fernandez's unflinching stance in the battle against "holdout" investors suing the country may increase the odds that her government will default, and the judge blocked transferring the funds to creditors, triggering a 30-day grace period that expires July 30.
