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Argentina to offer debt swap for bond holdouts
Associated Press
March 22, 2010

By MICHAEL WARREN and ALMUDENA CALATRAVA

If this latest offer is similar to or worse than the 2005 deal, that won't likely satisfy the holdouts, said Robert J. Shapiro, co-chairman of the Arlington, Virginia-based American Task Force Argentina, which represents 40 U.S. organizations involved in the lawsuits.
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"The Kirchners have never shown in the past any inclination to resolve this," Shapiro said. "Now they've run out of money and they've run out of political support, so it's possible. I certainly hope so. It's in the interest not only of the American bondholders but so obviously in the Argentine interest."

To view the full story, visit http://www.forbes.com/feeds/ap/2010/03/22/business-financials-lt-argentina-debt_7455632.html?boxes=marketschannelwires

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