Brics to save Argentina, page-6

Timber, this a storm in a tea cup. We are talking about $1.5Bln of bonds outstanding from the restructure that was done in 2007ish I think it was. The holders of these bonds didn't accept the haircut at the time, whereas other holders did. The Argies are now playing hard ball on the remaining $1.5Bln that is still to be negotiated. Well that's my understanding of it, but its a bit hard to get to the detail through all he media hype about it that's been going on for months. Some of the details above might be a little out, but I think that's the general gist of it.