October 31, 2014
‘Griesa didn’t solve anything, just added confusion today’
Economy Minister Axel Kicillof has said the hearing held today by New York district judge Thomas Griesa over the Argentine case against holdouts did not solve “anything” and “just added confusion”.
“The hearing didn’t solve anything, yet again. There is no new information, it just added confusion,” Kicillof told reporters.
Griesa had called for a hearing today to address Argentina’s claim it had met obligations as it made a bondholder payment deposit in Bank of New York Mellon and Citbibank.
The US judge said Argentina’s payment is illegal and urged the country to stop making “false claims”, while threatening to declare the South American country in contempt.
Griesa previously ruled Argentina can only pay exchange bondholders if it also pays the so called “vulture funds” or works an agreement with holdouts.