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Argentina holds last-gasp debt talks to avert default

2014-07-29 1 Dailymotion

This man may hold the key to Argentina's future.<br/> <br />Mediator Daniel Pollack is leading last minute talks to avert a debt default that could seriously hurt its economy<br/> <br />NATS -- "We should know today"<br/> <br />But observers say, hopes for a deal are fading fast.<br/> <br />New York hedge funds who own Argentine bonds are demanding repayment of their debt by a deadline set for Wedneday. If a deal can't be reached, Argentina will default for the second time in 12 years.<br/> <br />(pause)<br/> <br />In Buenos Aires, Argentines are bracing themselves.<br/> <br />(SOUNDBITE) (Spanish) ANTONIO LENCINA, BUILDING CARETAKER, SAYING:<br/> <br />"The default is going to happen but for some time now strange things have been happening to us…the economy isn't doing well and as such we don't have much money."<br/> <br />(SOUNDBITE) (Spanish) RUBEN MENYULU, VENDOR, SAYING:<br/> <br />"Things are not going to be the same or better. The times that Argentina has defaulted it has been particularly hard on us. I don't have any hope that

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