Argentina's Senate was set to debate the
proposal, which passed committee in the lower house of Congress
a week earlier. President Cristina Fernandez wants to make debt
payments locally and bring foreign debt under Argentine law.
On Tuesday legislators were visited by government officials to
discuss possible amendments to the bill, Telam and other local
"The officials talked with government-allied lawmakers about
Article 7 of the bill, referring to payment jurisdiction, which
might also include France," Telam said.
Latin America's No. 3 economy fell into default again in July
after failing to reach an agreement with a group of hedge funds
led by NML Capital Ltd and Aurelius Capital Management, which
rejected the country's 2005 and 2010 debt restructurings and
which are suing for full payment on their bonds.
A U.S. court has banned Argentina from servicing restructured
debt until it pays the litigating funds $1.3 billion plus
Fernandez, who calls the funds "vultures", says that to abide by
the court ruling would spark additional legal claims and
devastate the South American country's finances.
(Reporting by Hugh Bronstein and Walter Bianchi; Editing by
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