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November 24, 2014
Thursday, November 22, 2012

'Government sought unfavourable ruling to hide domestic issues'

The president of the Banco Ciudad Federico Sturzenegger came on stage today after a US Judge ruling against Argentina over vulture funds was known.

He stressed Cristina Fernández de Kirchner’s administration “sought” the ruling to “hide” the country’s domestic issues. He furthered questioned the government’s way to address the issue of those holdout investors who did not participate in two bond exchanges of defaulted sovereign debt.

“The way this issue was addressed is probably the worst case of malpractice seen in the government of Cristina Fernández de Kirchner,” he added.

"They (the government) find in the vulture funds and the Libertad Frigate issues things that puts them as the leaders of an ethical fight," the economist said.

 

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Tags:  US  Griesa  Court  Argentina  bonds  bondhoders  Sturzenegger  





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