Stalled Argentina debt negotiations ensnared by legal wrangles, Pac-Man fears
(WorldNews Argentina)

LONDON — Argentina’s debt talks have gone cold with the country at loggerheads with its creditors over the legal terms of a $65 billion bond restructuring after coming tantalizingly close to a financial agreement. Ten days ago, Argentina’s government extended a deadline for talks to July 24, the biggest delay yet, to allow time to defuse tensions. With the two sides only a whisker apart in terms of valuation of their proposals, the wrangling has shifted to the collective action clauses (CACs) which determine the requirements for any future changes made to the bond agreements. “The next phase may focus more on legal as opposed to financial terms,” said Siobhan...