BUENOS AIRES Aug 27 Argentina's government on
Wednesday ruled out further piecemeal debt negotiations with a
small group of U.S. hedge funds and said the country needed to
strike a deal with all bondholders who rejected past
restructuring agreements as a single group.
"We have to negotiate with everyone," Economy Minister Axel
Kicillof told a group of Congressional committees.
Latin America's No.3 economy fell into default again last
month after failing to reach an agreement with one group of
holdout funds led by NML Capital Ltd and Aurelius Capital
Management who are suing for full payment on their bondholdings.
Other funds who also rejected the bond swaps that followed
the South American country's record default in 2002 lurk in the
sidelines and could launch similar lawsuits.
(Reporting by Alejandro Lifschitz; Writing by Richard Lough;
Editing by Chizu Nomiyama)