Chaco governor Jorge Capitanich once again defended the decision to swap a dollar debt into pesos and assured that the National Government had not had any involvement in the decision he made last week. He also stated that the province followed a Central Bank disposition.
Ambassador to the US Jorge Argüello assured that that Argentines will continue to face vulture funds, and deemed them as “speculators who bet on usury.”
Argentina called for the New York Appeals Court to dismiss rulings that would force the country to pay vulture funds, and the request was immediately backed by US. Argentina also confirmed that it plans to reopen the debt swap in the same terms set in 2010.
The government reopened a debt swap launched earlier this year, moving to mop up a remaining $6.1 billion in default and reduce lawsuits against the country.
Argentina reached an acceptance rate of 80.6 percent on its US$330 million swap of defaulted Brady bonds, Economy Minister Amado Boudou told local radio a day after the debt exchange offer expired.
Cristina Fernández de Kirchner's administration canceled an offer for creditors to swap up to $263 million and 54 million euros in defaulted Brady bonds for new debt, two weeks after a US court ruling effectively blocked the exchange.
Greece secured an overwhelming acceptance of a bond swap offer to private creditors and beat its own most optimistic forecasts, a senior official said after the deadline expired on a deal needed to avoid a chaotic debt default.
French President Nicolas Sarkozy said that Greece's debt crisis had been solved after Athens won strong acceptance from private creditors for a bond swap deal.
Fitch lifted Greece's credit rating out of default territory, becoming the first major rating agency to take the widely expected move after Athens completed a debt swap that cut its debt by about 100 billion euros.
Greece began a round of talks with the EU, the IMF and bankers on Monday, with negotiators facing a tight timetable to decide key aspects of a new bailout plan to pull the country out of its economic crisis.
Greece's private sector creditors could take a loss of more than 70 percent in a planned debt swap, Finance Minister Evangelos Venizelos said.
Fitch cut Greece's long-term ratings today to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden.
Egypt expects to swap US-Israeli dual national Ilan Grapel, detained in June on spying charges, for Egyptian prisoners held in Israel, an Egyptian security source said.
A deal between Israel and Hamas to exchange hundreds of Palestinian prisoners for Israeli soldier Gilad Shalit was on course for Tuesday after Israel's highest court rejected petitions to block it.
Israel's security cabinet approved unanimously the freeing of 25 Egyptian prisoners to secure the release of an Israeli-American held by Cairo on suspicion of espionage, the government said.
Cubans will be able to buy and sell houses for the first time in more than five decades in a long-awaited reform that legalizes what many have done for years but also restricts how much property they can own, state-run press said.