BUENOS AIRES, July 24 Argentina said on Thursday
that it needed financial protection against challenges it could
face from holders of its restructured debt if it is to negotiate
with holdout investors suing it, or a stay to the court ruling
"It was said that if the plaintiffs do not provide such
guarantees, a stay remains the best option to allow advances
towards a solution in conditions that are just, fair and legal,"
the economy ministry said in a statement.
Argentina says the so-called RUFO clause in the terms of its
2005 and 2010 restructuring deals prohibits it from paying
better returns to bond holders who rejected the large
(Reporting by Richard Lough; Editing by Lisa Shumaker)