Argentina Could Default As Negotiations Far Apart

After official talks ended Friday, Argentina and the holdout creditors are said to be far apart in negotiations as the Latin American nation is said to be playing its cards as planned. Sources favoring Argentina in the dispute don’t anticipate an agreement and say the likely result is a default under Argentine law, as previously reported in ValueWalk. Argentina’s reverses small for paying holdout creditors The key issue is said to be the realistic amount Argentina can afford to pay holdout creditors. If the creditor’s get their way Argentina will be required to pay an additional $135 billion to those…