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October 25, 2014
Monday, September 1, 2014

Capitanich insists on stay claim

Cabinet Chief Jorge Capitanich reiterated Argentina’s demand for a stay to US Judge Thomas Griesa in the dispute against its holdout creditors. “When we think of a simple, easy solution, it is up to Judge Griesa. It is to issue a stay until the first trimester of 2015,” he stated.

The kirchnerite official stressed once again the “restrictions” Argentina faces due to RUFO clause (Rights Upon Future Offers). “Argentina cannot violate that clause, which has systemic consequences in the total amount of debt,” he explained.

“Let me insist on this. When we speak of a simple, easy solution, it is up to Judge Griesa,” Capitanich said in his daily press briefing at government house. He urged once again the magistrate to “to issue a stay until the first trimester of 2015” in order to “prevent the violation of the RUFO clause, allow debt payment.”

The official said a stay would be a “transparent measure” to guarantee “fair, equitable, reasonable and sustainable negotiating conditions for 100% bondholders.”

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Tags:  Capitanich  Griesa  vulture funds  stay  Argentina  





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