26 April 2010

ARGENTINA: Italian Investors May Take "Anything" To End Bond Stalemate.

BLOOMBERG/    As the $20 billion defaulted Argentine bond fight drags on, many small Italian investors have tired of waiting for a resolution and may be willing to accept a final solution says Italian lawyer Lucio Golino. "At this point they could accept anything,” said Golino, a consumer protection lawyer. “A lot of people are tired and have had enough.” Italians own about $6 billion of the defaulted 2001 bonds held out of a restructuring four years later.