January 22, 2018
Sunday, June 15, 2014

CFK: 'Unilateralism is not good, not even for those who exercise it’

President Cristina Fernández de Kirchner delivered a speech at G77-China summit in Bolivia, rejecting “unilateralism in decision making” and calling for a new world order “where credit-rating agencies are unable to freely rate countries”.

Speaking at the summit in Santa Cruz de la Sierra, in the 50th anniversary of the high-level forum that gathers leaders from developing countries, the President rebuked unilateralism in decision making and referred to the so called vulture funds, saying their claims against Argentina for its sovereign debt “put internacional financial and economic system in danger”.

“That small group of vulture funds compromises not only Argentina […] What is at stake here is the internacional financial system and international economic system,” she said, 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.

The President denounced the existence of “anarcho-capitalism lead by financial capitals” that no longer exploits people, “because men and women are not even important for exploitation, they are simply excluded,” she explained.

The President praised the developing countries call for a new world order, to be discussed in the summit, and urged world leaders to build “a new world order to live well”.

“If we fail to achieve this in time, we will have to delete the word ‘well’ and meet again for a new world order to just keep on living,” she added.

CFK attended the summit to “fight for the people’s liberation”, as she was quoted as saying. “Objectives may have changed. Times and methods as well. But the goal remains the same, to fight for the liberation of our people,” the President said while arriving at Fexpocruz, the venue chosen for the summit.

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Tags:  CFK  Bolivia  G77  Summit  China  

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