October 25, 2014
'US supports Argentina in vulture funds dispute'
Part of the mission that flew to Washington this week to support the government in its long-standing legal battle against vulture funds, MP Juliana Di Tullio has affirmed the Barack Obama administration “backed” Argentina’s stance.
“They sense a very good economic atmosphere in Argentina,” the head of the Victory Front caucus at the Lower House told reporters today saying the South American country “has the right to pay to its creditors.”
The group of Argentine MPs in the United States – both from the ruling party and the opposition -, met yesterday with US State Department authorities and Lower House representatives of that country, handing them in a document in which they highlighted the “relevance of the case for the national future and for millions of Argentineans.”
“All political forces express our full support to the petition issued by the Republic of Argentina,” Di Tullio added.
US-based hedge funds are suing Argentina over the country’s defaulted bonds more than a decade ago after refusing the 2005 and 2010 debt swap that 97 percent of creditors did accepted instead.