Argentina urges ‘workable’ solution to bondholder fight

Argentina urges 'workable' solution to bondholder fight

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By Nate Raymond

NEW YORK, Feb 27 (Reuters) - A lawyer for Argentina urged a U.S. appeals court on Wednesday to come up with a "workable" solution to its long-running fight with so-called holdout bondholders.

"We're trying to persuade the court to do something which is workable and doesn't create a terrible confrontation," the lawyer, Jonathan Blackman, said during oral arguments before the 2nd U.S. Circuit Court of Appeals in New York.

He also said that the country would not "voluntarily obey" an order to pay holdout bondholders in full.

The court is considering a lower court's order that Argentina must pay $1.3 billion to a group of dissident bondholders stemming from the country's 2002 default.

http://www.globalpost.com/dispatch/news/thomson-reuters/130227/argentina-urges-workable-solution-bondholder-fight

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