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Tuesday, October 30, 2012

'We will never pay the vulture funds,' Economy minister says

Economy minister Hernán Lorenzino.

Economy minister Hernán Lorenzino assured today that the government “will never pay” the ‘vulture funds,’ although also affirmed that it will continue to pay “93 percent of the credit owed."

“We will continue to pay them in dollars, euros and yens, as we should be. We will respect up to 93 percent of the bond payments.”

“Those who think differently haven’t understood anything. What happened with the ship (Libertad) and the ruling in New York last week are attacks that do not go by the book.

"Clearly there are sectors that can’t cope with the successes of debt-reduction.”

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Tags:  Economy Minister  Lorenzino  endorsement  yens  euros  percentage  vulture funds  





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