Published On: Sun, Sep 21st, 2014

Madeleine Albright Negotiating with Paul Singer, Argentine President Kirchner

 

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Former Secretary of State Madeleine Albright’s Stonebridge Group seeks to bring Argentine officials and their creditors to the negotiating table in what has been an acrimonious battle following Argentina’s debt default. Paul Singer of Elliot Management demands to be paid in full, and his spokesman Ben Chang said there must be a way of finding ” a mutually satisfactory resolution to the debt issue.”

Argentina’s President, Cristina Fernandez de Kirchner, has refused to comply with U.S. court orders to pay creditors in full for bonds they stopped servicing in 2001. “We’ve already seen this movie, ” she said, “and it ended very badly in 2001. Debt, a handing over our patrimony, and misery and tragedy for Argentina. They’re trying to do that again.”

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