December 13, 2017
Friday, June 27, 2014

'Argentina needs less rhetoric, more professionalism' to settle debt dispute

Opposition MP Sergio Massa (C) talks to resporters.
Opposition MP Sergio Massa (C) talks to resporters.
Opposition MP Sergio Massa (C) talks to resporters.

The head of the Frente Renovador opposition coalition Sergio Massa said Argentina “needs less rhetoric and more professionalism” in its dispute with bondholders that refused to enter the 2005 and 2010 debt swaps. Still, the MP warned a default would be “madness.”

“To settle (the conflict with) holdouts less rhetoric and more technical seriousness and professionalism is needed,” Massa told reporters today as he defended the country’s “capacity” to serve its debt and “permanent willingness" to pay.

“Argentina has to fulfill its contracts because it has signed them; (it has to) comply with the Argentine in force legislation which is a responsibility of government officials and must seek to find the best mechanisms to fulfill its obligations,” he affirmed in statements to media this morning.

“What has to be done is to leave speeches aside. This is a problem that can be solved with professionalism. The most important challenge is to settle this problem. A default would be madness. Argentinas has will and capacity to pay,” the also ex cabinet chief during President Cristina Fernández de Kirchner’s first term in office considered.

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Tags:  Sergio Massa  vulture funds  debt  professionalism  rhetoric  speech  

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