July 30 The mediator in Argentina's debt case
said no agreement was reached on Wednesday, and "the Republic of
Argentina will imminently be in default," he said in a
In a statement, court-appointed mediator Daniel Pollack said
that default is "is not a mere 'technical' condition, but rather
a real and painful event that will hurt real people," including
Argentine citizens, exchange bondholders and the holdout
Argentina has been fighting holdout investors demanding
payment on bonds they own after the nation defaulted in 2002.
"The ordinary argentine citizen will be the real and
ultimate victim," he said in a statement.
"The full consequences of default are not predictable, but
they certainly are not positive."
(Reporting By Daniel Bases; Editing by Steve Orlofsky)