Argentine President Mauricio Macri's government starts negotiations today with creditors to end a long, bitter dispute and permit the country to tap financial markets for the first time in years, helping its battered economy recover, Dow Jones Daily Bankruptcy Review reported today. "We are ready to bring the matter to a close and negotiate a solution," Macri said yesterday. "I hope we can rapidly leave this issue behind because it limits our ability to grow." Officials will meet in New York with bondholders that had rejected previous debt restructurings following Argentina's huge 2001 default. The meeting will include Argentina's finance secretary, Luis Caputo, U.S. hedge funds that successfully sued Argentina for full repayment of the soured securities, and Daniel Pollack, a mediator appointed by U.S. District Judge Thomas Griesa, who has overseen the case. Attorneys for a group of small Argentine creditors who also won court judgments in the U.S., where the bonds were issued, are also expected to participate.
