November 24, 2014
Mujica suggests taking vulture case to OAS
Uruguayan President José Mujica proposed today that the case between Argentina and the vulture funds be treated in the Organization of American States (OAS) or other international forums such as the UNASUR or MERCOSUR, instead of in the New York court of Judge Thomas Griesa.
Mujica considered that the case affects “not only Argentina but other countries as well”, as the ruling by Griesa, which obliges Argentina to pay the full amount of its debt with holdouts, can be replicated in other national debt renegotiations.
“This ruling will affect Uruguay directly, as it affects Argentina, a main trade partner of Uruguay,” said Mujica.
“Also, someday [the vulture funds] might do the same thing with someone else. This is the raison reason why these problems must be dealt collectively, in international courts.”
Mujica’s stand follows Uruguayan vice-president Danilo Astori’s earlier sayings, who on Tuesday expressed his “solidarity” with Argentina and repudiated “vulture funds pressures” towards the neighbor country.