December 6, 2013
Kirchnerite governors defend debt swap
Debt swap announced by President Cristina Fernández de Kirchner has received strong support from provincial governors. First to ratify the official move was BA province head Daniel Scioli: “If the government does well, the country goes well.”
“The government deserves to be supported because that is what supporting the country means,” Scioli told reporters and ruled out “re-financing” debt options proposed by certain opposition sectors.
“President Cristina Kirchner is in charge of resolving pending problems inherited from other governments that took a path that took the country we all know where,” the governor of Argentina’s most populated district insisted in reference to pro-IMF –and other international lending groups- policies that plunged Argentineans into the 2001-2002 economic, political and social crisis and historic default.
“Debt reduction process over the past years has allowed us to remove the sword of Damocles out hanging over us because no country grows with debts,” Daniel Scioli affirmed as he considered that the new swap shows the South American country’s “determination to pay” and abide by its debt commitments. “Economic independence leads to political sovereignty,” the ex vice president during the Néstor Kirchner administration stated and added that Argentina is “one step ahead” as the current global crisis proves how “indebtedness” "has ravaged" countries like Greece.
Another Kirchnerite to raise his voice in support of the President’s announcement was the governor of the Chaco province Jorge Capitanich defining the restructuring project as “strategic“ since it “defends the country’s interests and the full exercise of sovereignty.”
“What the President has done is to make two strategic decisions. One was to reopen the debt swap so that the remaining 7 percent of bondholders that have not yet entered the swap do so, and the other (decision) was to set the swap payment under the scope of the National Values Commission,” Capitanich said adding the bill Fernández de Kirchner submitted to Congress will rally “high consensus among parliamentary groups.”
In tune with Scioli and Capitanich, Misiones province governor Mauricio Closs assured that “no country has ever become so much indebted and in so little time as Argentina” and -just like BA province governor- highlighted the country’s “payment commitment.”
“There are issues that no longer depend on a government’s call, but let’s hope that the solution proposed by our President is the definitive one” Closs said alluding probably to opposition blocs that have anticipated they would reject the Kirchnerite move in Parliament.
“Grow to pay, Néstor (Kirchner) said; Cristina (Fernández de Kirchner) uphold it. It is the only way to live in a serious country with social justice,” the governor of the Entre Ríos province Sergio Urribarri said joining the chorus of support among Kirchnerite provincial leaders.
“Let’s learn to love and defend our country. The swap re-opening is a comprehensive show of a nation that abides by its commitments,” Urribarri wrote in his official Twitter account.
Last but not least, governor of the province of Chubut and Jujuy also came to the fore and ratified yesterday’s big announcement following last weeks’ decision by New York Appeals Court judge Thomas Griesa who ruled in favor of so-called vulture funds that refused to take part in the 2005 and 2010 debt swaps.
Chubut’s governor Martín Buzzi explained that Argentina “has showed its will to respect its obligations not only for ethical but for strategic reasons” while Jujuy’s Eduardo Fellner urged Argentina’s political leadership to “become together under a position” of support to the government-sponsored project in order to “consolidate” the country’s “credibility” and “credit capacity.”