BUENOS AIRES, June 17 Economy Minister Axel
Kicillof said on Tuesday the Argentine government wants to
normalize relations with foreign creditors and investors but
will not accept "just any conditions" to solve the debt fight.
Kicillof added that if a U.S. ruling ordered it to pay
holdout hedge funds $1.33 billion were applied as is, the South
American country would be pushed into a new default, because it
would open the door to claims from other holdout bondholders
worth $15 billion.
In the first few minutes of his speech, the minister did not
say whether Argentina would negotiate with holdout bondholders
to reach a deal or pursue another strategy.
(Reporting by Sarah Marsh; Writing by Alexandra Ulmer; Editing
by Jonathan Oatis)