February 25, 2017
Wednesday, June 25, 2014

Kicillof asks for ‘equal conditions’ in negotiations with vulture funds in UN meeting

“We asked for a fair treatment but we received no answer,” Kicillof argued. (Télam)

Economy Minister, Axel Kicillof addressed today before a United Nations panel in New York, and explained the consequences of Judge Thomas Griesa ruling, while warning the country “could face a technical default” next Monday, if the sentence remains firm.

In his exposition as a guest of the G-77 plus China, Kicillof reaffirmed Argentina’s stance in the dispute with the so called vulture funds, and repeated the claim for “fair and equal conditions,” during negotiations.

“We asked for a fair treatment but we received no answer,” Kicillof argued.

According to the official, Griesa’s ruling “will push our country to a technical default, and into an economic crisis.”

“We can not let another crisis like the one we had in 2001 happen again,” Kicillof concluded.

Earlier today, UN Ambassador Maria Cristina Perceval, who was among those waiting for Kicillof's arrival at John F. Kennedy Airport in New York, said the minister would speak to the media after his UN address.

Kicillof will also meet with lawyers for the Argentine government while in New York, a government source in Buenos Aires told reporters yesterday, but it is unclear if he will also meet with holdout investors.

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Tags:  Argentina  Vulture Funds  Paul Singer  Debt swap  US  Supreme Court  Griesa  CFK  Kicillof  

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