November 21, 2014
Gov't praises support of France, Mexico, Brazil in vulture funds row
In his daily brief to the press, Capitanich praised the government’s Procrear building program explaining that the construction activity increased by 2.1 percent in January. The head of ministers also stressed the support by France, Brazil and Mexico to Argentina in its long-stranding legal dispute against vulture funds of the South American country’s defaulted bonds more than a decade ago.
Referring to the Procrear’s “transparency” – a plan that raffles loans for first home owners-, the cabinet chief pointed out the construction activity grew 2.1 percent in January, "fueled" precisely by the Kirchnerism-sponsored program.
In his everyday press conference at the Casa Rosada presidential palace, Capitanich also praised the support of France, Brazil and Mexico in Argentina’s row against the so called “vulture funds” that rejected the country’s debt swaps back in 2005 and 2010.
“(Their support) is very important to the international system and the process of debt restructuring,” the head of President Cristina Fernández de Kirchner’s ministerial team stated.