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Argentina not in default: cabinet chief

English.news.cn   2014-07-31 22:30:43

BUENOS AIRES, July 31 (Xinhua) -- Argentine cabinet chief Jorge Capitanich said Thursday that his country was not in default even though its debt talks with holdout investors had failed.

"The credit rating agencies, the financial agents and opinionators who are trying to say that Argentina is in a supposed technical default are playing an absurd hoax that is aimed at destroying the restructuring process of Argentina debt," he was quoted by the Financial Times as saying.

The official said the failure on Wednesday to reach a deal between the third largest Latin American economy and the bondholders was partly due to the "incompetent" court-appointed mediator, Daniel Pollack.

He urged holders of Argentina's restructured debt to demand their money from the U.S. judge who blocked the country from making 539 million U.S. dollars of interest payments due by midnight Wednesday to other bondholders who had separately agreed to restructuring plans in 2005 and 2010.

He also indicated that his country might take the dispute to the International Court of Justice in The Hague in the Netherlands.

Editor: Mu Xuequan
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