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Tuesday, June 10, 2014

Capitanich praises anti-vulture funds delegation, bashes UNEN absence

Cabinet Chief Jorge Capitanich praised the Congressional delegation that travelled to Washington D.C yesterday to support Argentina’s stance in its court battle with holdout hedge funds and criticised the absence of UNEN Broad Front representatives in the committee.

“Opposition leaders always defend corporate interests,” he stressed, bashing Broad Front UNEN lawmakers for not joining the Congressional delegation. “They demand State policies, as corporations dictate, but they refused to have an active participation in what is a State policy, the defence of Argentina’s sovereign stance against Vulture Funds.”

The Kirchnerite official praised the “positive” efforts of the delegation that arrived in Washington yesterday to meet with State Department officials and US lawmakers and pointed out the need to define “conditions for voluntary debt reestructuring” on an international level.

“There is no international financial architecture in the world to promote debt reestructuring processes,” Capitanich said, “each country has to negotiate its own conditions and that is what Argentina has done, while defending the Nation’s interests, sovereignty and its laws.”

The Cabinet Chief reiterated the government’s call for prudence in the wake of a US Supreme Court ruling on Argentina’s appeal of rulings requiring it to pay the holdout bondholders back in full. “Given this is a highly sensitive judicial case, the prudent thing to do is not to make any value judgement,” he said.

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Tags:  Capitanich  Vulture Funds  Congressional delegation  Washington  Argentina  





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