December 16, 2017
Saturday, July 26, 2014

Capitanich: 'Gov't will defend country's interests'

Only a few days ahead of the July 30 deadline for a coupon payment on exchanged bonds, the cabinet chief called Argentineans to remain “calm” and trust the government’s position and strategy to face vulture funds that refused to enter the country’s 2005 and 2010 debt swaps.

“Argentineans must remain calm, (knowing) that we are going to defend the country’s interests,” Jorge Capitanich told reporters this morning saying that Argentina’s representatives in the United States are holding firm to a “dialogue stance” that “favours a negotiation in fair and equitable conditions.”

Statements by the head of ministers come as meetings in New York between US court-appointed mediator Daniel Pollack and legal representatives of both Argentina and holdout creditors – held separately with each party involved in the 1.3 billion dollar dispute –, seem to have reached a blind alley.

Still, Mr. Pollack said he expects “more communications” to take place before Wednesday 30.

The Argentine mission in NY City headed back to Buenos Aires yesterday to discuss further negotiation steps and receive “instructions” from President Cristina Fernández de Kirchner, who is in the southern province of Santa Cruz for the weekend.

On Friday, Ms. Kirchner headed a public rally in which she affirmed Latin America’s N° 3 economy was being attacked by “speculative capitals” in an “undeserved way because we have been paying rigorously, like the Republic of Argentina has never done.”

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Tags:  Jorge Capitanich  cabinet chief  vulture funds  Argentineans  calm  interests  deadline  July 30  

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