Sunday
September 21, 2014
Sunday, August 31, 2014

Germany's Finance Minister: 'Argentina an example of lack of solidity'

File photo shows Germany''s Angela Merkel and Wolfgang Schäuble.

Germany’s Finance Minister Wolfgang Schäuble slammed Argentina’s stance against its holdout creditors saying it has been -and continues to be- “an example of lack of solidity.”

The official in charge of the finances of the first European economy stressed that in Argentina the holdouts are insulted and called “vultures”, “but Argentina caused the problem, not the funds,” the official said in Berlin. He also criticised Buenos Aires’ attacks against the International Monetary Fund.

“Argentina has lived for decades beyond its means, it does not pay its debts and that is why it is isolated from international payments,” he added. “Problems arise when you spend more than you earn,” Schäuble stated.

  • CommentComment
  • Increase font size Decrease font sizeSize
  • Email article
    email
  • Print
    Print
  • Share
    1. Vote
    2. Not interesting Little interesting Interesting Very interesting Indispensable
Tags:  Wolfgang Schäuble  Germany  Minister  Finance  vulture funds  criticism  solidity  debt  Argentina  





  • Comment
  • Increase font size Decrease font size
  • mail
  • Print

COMMENTS >

Comment




Grupo ámbito ámbito financiero ambito.com Docsalud AlRugby.com Premium El Ciudadano El Tribuno Management

Director: Orlando Mario Vignatti - Edition No. 4258 - This publication is a property of NEFIR S.A. -RNPI Nº 5177376 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA