Argentina: We’re very encouraged by the pace with which Argentina is finally resolving the outstanding disputes with all of its holdouts, said Shahriar Shahida, co-chief investment officer at New York-based Constellation Capital Management, which holds Argentine securities, according to Euro News. We’re hopeful this government will have a much more conciliatory relationship with all of its creditors, Shahida said. A financial markets pariah since defaulting on a record $100 billion in 2002, Argentina proposed on Friday a $6.5 billion payment to settle the legal battle and said two of the leading six holdouts in the case had already accepted the discounted terms. As Macri sought to woo multinational chief executives gathered at the World Economic Forum in Davos last month, the centre-right leader told Reuters he wanted a fair agreement with the bondholders early this year. They include billionaire Paul Singer Elliott Management and Aurelius Capital Management. Finance Minister Alfonso Prat-Gay said negotiations were continuing with creditors still pushing for an improved deal.
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