WRAPUP 4-Argentina fails to reach debt agreement, default looms
* Settlement talks in New York end without agreement
* Kicillof lays blame on holdouts, judge for lack of agreement
* Pollack says Argentina default 'imminent' (Adds details of Kicillof news conference, statement from mediator)
By Richard Lough, Eliana Raszewski and Daniel Bases
BUENOS AIRES/NEW YORK, July 30 (Reuters) - Argentina failed to strike a deal to avert its second default in more than 12 years after talks with holdout creditors ended without a settlement on Wednesday.
The country's economy minister, Axel Kicillof, speaking at a news conference at the Argentine consulate in New York, repeatedly referred to the holdout hedge funds as "vultures" after two days of talks failed to produce an agreement.
"Unfortunately, no agreement was reached and the Republic of Argentina will imminently be in default," Daniel Pollack, the court-appointed mediator in the case, said in a statement on Wednesday evening.
Kicillof said Argentina offered the holdouts similar terms as other creditors who recently negotiated with the country as it attempts to regain the good graces of international capital markets that it has been frozen out of since its default. Those terms were rejected, Kicillof said.
After defaulting in 2002, Argentina restructured its debt in 2005 and 2010. More than 90 percent of the bondholders agreed to accept new bonds with reduced payments. The holdouts refused the terms, and were awarded $1.33 billion, plus interest, by a U.S. judge. Continuación...