On 13 August one of the holdout creditors in Argentina’s debt dispute, Aurelius Capital Management, issued a statement arguing that there is “no realistic private solution” to the stand-off. A few weeks ago, there was some hope that a group of private banks, including some of the bondholders who accepted the terms of previous debt writedowns in 2005 and 2010, might buy out the defaulted bonds to protect the value of their holdings in restructured bonds. Now both the government and the holdouts have shot down that proposal.End of preview - This article contains approximately 410 words.
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