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August 21, 2014
Thursday, June 19, 2014

Gov't says no US mission scheduled to negotiate with vulture funds

Cabinet Chief Jorge Capitanich addresses reporters at the government house as he shows a banner explaining how much vulture funds paid for Argentina''s defaulted bonds and how much they demand to collect now.

Following yesterday’s New York hearing and Argentina’s offer to negotiate with bondholders, Cabinet Chief Jorge Capitanich affirmed the ruling ordering to pay vulture funds in full “strikes” the country’s debt restructuring process. Ratifying Argentina’s “payment will,” the head of ministers said the government had no mission scheduled to the United States.

In his daily brief to the press, the cabinet chief assured that the decision by the 2nd US Circuit Court of Appeals – that on Wednesday lifted the stay it had placed on an injunction by US Court District Thomas Griesa barring payment to holders of restructured bonds -, “seeks to strike” the debt restructuring process carried out by Argentina which he considered “the most succesfull in the history of mankind.”

Meanwhile, the head of President Cristina Fernández de Kirchner’s ministerial team denied the government was readying a mission to the United States and renewed his criticism of Judge Griesa whom he accused of promoting “unbalance," "deeply.”

“If justice is balance, Judge Griesa deeply promotes unbalance; that is what the judge did,” he told reporters following statements by Mexican reporter Silvina Sterin Pensel, who was allegedly present during the hearing between the legal representatives of Argentina and holdout creditors yesterday in Newy York.

According to Pensel, Griesa “was definitively on the side of vulture funds.”

“Argentina maintains its payment will, within the margins of the exercise of its responsibilities as a sovereign country that has a National Constitution, a government and laws,” Jorge Capitanich said.

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Tags:  Jorge Capitanich  cabinet chief  Thomas Griesa  vulture funds  negotiations  New York  hearing  debt  bonds  





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