March 27, 2015
Monday, August 4, 2014

Ex Finance Secretary says govt's vulture fund strategy will isolate the country

Former Finance Secretary Guillermo Nielsen today referred to the government's strategy towards vulture funds and said "the strategy of blasting the judge and the mediator has not been thought enough and will isolate the country."

The economist criticized the Fernández de Kirchner administration's decisions so far, regarding the battle against holdouts. "The president is not being well-advised," he said.

However, he also said that US judge Tomas Griesa's ruling has a problem, "the inconsistency of the international financial architecture."

"The markets have not accepted default yet and are craving for things which are not yet being materialized," he added in statements to a local radio. "I don't see it possible for international banks to place dollars," Nielsen said.
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Tags:  Nielsen  vulture fund  Griesa  debt  holdouts  bondholders  Argentina  US  

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