Argentina moves to end creditor debt dispute

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Argentina moves to end creditor debt dispute

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Argentina will submit a plan for talks over how to settle its debts with all creditors, the country’s lawyers said on Monday.

The move aims to diffuse a decade long legal dispute in the US which has threatened to push the Latin American state into a new default.

Buenos Aires has described some of the investors it owes as ‘Vultures’.

Until a recent US Supreme Court ruling Argentina had refused to talk with a small group of hedge funds holding out for full payment on bonds they bought at a big discount following the country’s default in 2001.

Over the weekend the Argentine government published adverts in leading US newspapers criticising the recent ruling in favour of the fund holders.