Argentina Will Negotiate With Holdout Investors

As Bloomberg reports that Argentina will negotiate with the bond investor holdouts, the country carries in its pocket powerful negotiating tools.

Argentina to negotiate with the holdout group

According to a report from Manhattan federal court today, a lawyer for Argentina said it will negotiate with the holdout group, including Elliott Management Corp’s NML Capital, which is owed $1.6 billion.

The issue, however, isn’t the money owed to NML and other holdouts. It is the total amount the settlement could cost the Latin American nation just emerging from a nasty recession. Estimates are that Argentina could be on the hook for as much as...