ARGENTINA ASKS DELAY ON ITS DEBT
Argentina's newly elected Government, seeking breathing space to repay the developing world's third-largest foreign debt, asked its foreign creditors today if it could defer for six months payment of the more than $12 billion that is due in that period. The Government of President Raul Alfonsin, which inherited a $40 billion foreign debt when it took over five days ago, asked a steering committee that represents more than 300 international banks to defer until June 30 the refinancing of nearly $9 billion in debt that was due today. In meetings with bank representatives here and in a telex to the 12- member steering committee in New York, Economics Minister Bernardo Grinspun also asked to put off the payment of nearly $3.5 billion in both overdue interest and new interest that will be due by then. Reactions Mixed The reactions of representatives of the steering committee of American, European and Japanese banks was mixed. They said in interviews that the committee would likely recommend that Argentina's creditors put off the refinancing that was due today but not put off all the interest payments. ''The new Government is being responsible and realistic,'' said one of the representatives. ''It's clear they cannot pay all the interest, but we can't waive it all for six months.''