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October 20, 2014
Monday, July 21, 2014

Vulture funds ‘voracious at seizing real assets,’ Gov’t says

The Cabinet Chief Jorge Capitanich has blasted once again the holdout hedge funds accusing them of being after YPF-Chevron assets in ressources-rich Vaca Muerta region. “If anything is clear it is their voracity to seize real assets,” he stated.

The Kirchnerite official reiterated Argentina’s willingness to pay 100% of bondholders and he pointed out that the government is acting in good faith, unlike the so-called vulture funds. “It is the vulture bondholders who are acting in bad faith,” he said. “They seek the enforcement of [US judge Thomas Griesa’s] ruling which they know will affect the restructured bondholders”.

“What do vultures want?,” Capitanich asked rhetorically, “For Argentina to increase its debt, to go back to the past and to condition its growth,” he stated during his daily press briefing at Government House.

The Cabinet Chief denied any possibility of Argentina defaulting on its debt “because the government has already paid” and pointed out the vast international support the country has received in its battle against the holdouts.

“[This matter] should be discussed in the UN’s General Assembly,” Capitanich said. “The international financial system should guarantee its sustainablity”.

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Tags:  Capitanich  vulture funds  Griesa  default  Vaca Muerta  YPF  Chevron  assets  Argentina  





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