Weekly Report - 17 July 2014 (WR-14-28)

Argentine newspapers broadly hostile to the government’s agenda ran another advert from the American Task Force Argentina (ATFA), the lobbying organisation representing Argentina’s holdout bondholders, on 16 July. “Time is running out for Argentina,” the advert read. “It is time for Argentina to demand that its leaders behave in a serious and responsible manner to save this country from default.” Argentina has until the end of July to reach a deal with the holdouts, the investors who rejected the government’s debt restructings following its default in 2002, but so far Argentine officials have ruled out face-to-face talks with mediator Daniel Pollack.