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September 17, 2014
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Lavagna thinks gov't should 'negotiate' with NY judge Griesa

Ex Economy Minister Roberto Lavagna (file photo).

Ex Economy Minister Roberto Lavagna called for “calm” and “seriousness” to rethink Argentina’s legal strategy following the setback the South American country suffered on Monday when the the US Supreme Court decided not to hear its appeal against vulture funds.

“We must have a share of calm and be serious in the proposal that can be presented and use the maximum of our capacity,” Roberto Lavagna said.

In an interview with a radio show this morning, the ex head of Argentina’s economic affairs during the administration of Néstor Kirchner recommended the government to “negotiate” with New York Judge Thomas Griesa in order to reach an agreement with holdout investors.

“The message of (judge) Griesa is reasonable and conciliatory. We must take the opportunity that he gives to negotiate,” Lavagna considered.

“There are those who say we have to negotiate on our knees, which is absurd. And there is also those who want to ignore the debt and do not comply with any obligation,” he said. “If you leave aside both extremes, explore all the mechanisms to win time, without hiding away, you notice the subtlety there was in Griesa’s surprising statements to sit and negotiate, some reasonable solution can come up,” the economis – now aligned with the Renewal Front opposition party led by MP Sergio Massa -, added.

“The use of the word extortion was a message for supporters and does not help. It might be that among that verbosity that was a little bit aggressive there could be a door open (to negotiate),” the ex minister added alluding to President Cristina Fernández de Kirchner who yesterday addressed the nation on television and accused vulture funds of “extorting” Argentina.

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Tags:  Roberto Lavagna  Economy Minister  Thomas Griesa  New York  appeal  vulture funds  





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