REFILE-WRAPUP 6-Argentina fails to reach debt agreement, default imminent

miércoles 30 de julio de 2014 23:54 GYT

(Corrects typo "clocked" in second paragraph)

* Settlement talks in New York end without agreement

* Plan for Argentine banks to buy debt from hedge funds collapses -sources

* Kicillof lays blame on holdouts, judge for lack of deal

* Pollack says Argentina default 'imminent'

By Richard Lough, Eliana Raszewski and Daniel Bases

BUENOS AIRES/NEW YORK, July 30 (Reuters) - Argentina will default on its debt within hours after talks with holdout creditors broke down on Wednesday.

As the clock ticked toward a midnight (0400 GMT) deadline, Economy Minister Axel Kicillof stuck firmly to the government line, repeatedly denigrating the holdouts as "vultures" after two days of intense negotiations.

Argentine banks scrambled to put together a proposal to buy out the non-performing debt held by hedge funds and avert a default. But that deal collapsed, a senior banking executive and a second source from the financial market said.   Continuación...