Argentina failed to reach an agreement with hedge fund creditors after two days of debt negotiations in New York, Economy Minister Axel Kicillof said Wednesday, as Buenos Aires was declared in default.
Argentina's Economy Minister Axel Kicillof speaks during a press conference at the Argentina Consulate July 30, 2014 in New York
"They were trying to impose on us something illegal," Kicillof alleged. "Argentina is prepared to dialogue and seek consensus. We are going to seek a fair, balanced and legal solution for 100 percent of our creditors."