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October 21, 2014
Friday, June 27, 2014

Gov't acusses US Judge Griesa of ‘abuse of authority’ and ‘attempt to provoke a default’

In an official press release, the federal government stated US Federal Judge Thomas Griesa attempted to “block the payment for bondholders” and committed an abuse of authority, after cancelling the deposit made to bondholders in a Bank of New York account.

According to the communiqué, the magistrate “incurred into an abuse of authority, exceeding his jurisdiction,” while emphasising that “the (current) debt swap bonds are not under litigation, but the ones defaulted in 2001 which have been bought by the vulture funds.”

The Economy Ministry led by Axel Kicillof remarked that Griesa “sought to cancel the payment which was already deposited yesterday” and reaffirmed “Argentina’s commitment to honour its debts with 100 percent of the bondholders”.
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Tags:  Argentina  Vulture Funds  Paul Singer  Debt swap  US  Supreme Court  Griesa  CFK  





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