November 20, 2014
Scioli: President will 'resolve' vulture funds conflict
That he “trusts” in President Cristina Fernández de Kirchner who with her “intelligence” will defend the “general interest” is what Daniel Scioli said today, probably the firmest public message the governor of the province of Buenos Aires delivered this week regarding Argentina’s bond fight with US-based vulture funds.
Following a rally in Buenos Aires province this morning, Scioli granted an interview to a TV news show in which he was queried about the setback the country suffered this week in the United States where the Supreme Court there refused to hear Argentina’s case against creditors that refused the 2005 and 2010 swaps first and, second, a New York court lifted a stay o on an order requiring Buenos Aires to pay $1.33 billion to these same bondholders that has put the South American nation on the edge of default.
According to the governor, the current debt dispute is a “deep wound” that dates back to past decades but that the Cristina Fernández de Kirchner administration will be able to “heal.”
“For those that forecasted apocalyptic scenarios; when some said that the country was going to be left out without reserves; that warned about hyper inflation; that said that we would not be able to agree with Repsol (on the nationalisation of YPF), it is the opposite that happened. Bad news for them, good news for us, for the Argentine interest,” Daniel Scioli affirmed. “I am always on the side of the Argentine interest,” he added showing confident about a negotiation scenario with hedge funds.
“(New York Judge Thomas) Griesa made a reference to a stage of negotiation that I think it is possible to be reached, allowing to clear the scene for the future that is a future of progress and development for the country.”
“Argentina has been rehabilitating, paying its debts. Workers who were on the streets have returned to work,” Scioli insisted quoting ex late president amd husband of Cristina Fernández, Néstor Kirchner, who a few months after winning elections addressed the United Nations General Assembly and said “Dead don’t pay” – Néstor Kirchner took office in 2003, following Argentina’s 2001-2002 deep social and economic crisis and historic default.
“Now we ask them to ease the stages of proceedings to resolve this issue,” the BA province governor said.
“Let’s stand firm behind that who conducts the Argentine state. I am convinced that she (President Cristina Kirchner) will be able, with a lot of intelligence, to overcome this situation.”