December 17, 2017
Thursday, June 5, 2014

Capitanich defends Congress appearance, calls for 'unified position' against vulture funds

Cabinet Chief Jorge Capitanich addresses reporters at the government house.
Cabinet Chief Jorge Capitanich addresses reporters at the government house.
Cabinet Chief Jorge Capitanich addresses reporters at the government house.

Jorge Capitanich defended his appearance at Congress yesterday when opposition MPs decided to skip the session, leaving the cabinet chief to brief a half-empty Lower House.

“What the representatives of the opposition do or don’t do it is their responsibility.” the head of ministers said in his daily message to the press at the government house today.

Affirming that he answered “almost 100 percent of the questions” anti-kirchnerite lawmakers had for him, Capitanich affirmed he will continue attending both Houses of Parliament to provide lawmakers with a report on the government agenda as established in Argentina’s National Constitution.

“Those who say that it is necessary to respect the Constitution, don’t do so,” the chief of ministers added although he considered the opposition “has the right to take part or not” in the sessions he attends as cabinet chief.

'Unity' against vulture funds

Also in today’s brief to media at the Casa Rosada presidential palace, the head of President Critsina Fernández de Kirhcner’s ministerial team urged the opposition to support the government’s position in its long-standing battle against “vulture funds”, a group of bondholders that refused the 2005 and 2010 debt swaps, now suing the South American country in a 1.3 billion dollar dispute.

For Capitanich, the opposition should “promote a resolution” and “join” the Argentine mission that next week will show before the United States Supreme Court - the US top tribunal will next Tuesday decide if it takes Argentina’s case, effectively the country’s last resource to avoid full demand of payment by creditors.

“I hope that just like British MPs did it, members of Congress, of the opposition, join our mission, promote a resolution so that we can show an unified position in (the US) court,” the minister said pointing out that the one way possible to the conflict is that vulture funds agree to a “voluntary debt restructuring” proposed by the South American nation.

Earlier this week, more than 100 British Members of Parliament signed a resolution of support for Argentina in the fight against holdout investors, and warned that if the United States Justice System ruled against the nation it could fall into default.

“All leaders of the government and the opposition, economic, social, and political should back this position,” Capitanich insisted.

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Tags:  Jorge Capitanich  cabinet chief  opposition  vulture funds  United States  Supreme Court  

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