Cuba USA
- Vultures Who Fly From Washington
By Manuel Yepe “The vulture funds --the small number of creditors who held out from Argentina's earlier debt restructuring-- had no interest in the country or its people. They picked up their bonds on the cheap, in hopes that by spending enough...
- What The Nml Capital Ltd Vs Argentina Case Means For The World
By Oscar UrgatecheSource: alainet At the end of June, 2014, a New York’s Second District Judge ruled in favour of a hedge fund, NML Capital, and against the Republic of Argentina. The issue at stake was if a hedge fund that bought...
- On The Vultures And Their Accomplices
It shouldn’t surprise that U.S. courts support unscrupulous creditors that have been called “vulture funds”. There are many examples in history that have revealed that the U.S. justice has a special affinity for the predatory, aggressive species,...
- Argentina And The Ruling Of The Century In The United States The Return Of External Debt
By Carlos MarichalSource: alainet In recent weeks the external debt issue has returned to the limelight of finance and international politics, due to a ruling of the Supreme Court of the United States, which has emitted a resolution against the government...
- Minrex (cuban Ministry Of Foreign Affairs) Declaration On Vulture Funds Against Argentina
The Foreign Affairs Ministry of the Republic of Cuba has learned of the accusations made by the President of the Argentine Republic,Cristina Fernández de Kirchner on the rulings of the United States Supreme Court and the Appeals Court in that country....
Cuba USA
Argentina: This is Not a 'Default'
Source: Telesur
Judge Griesa has called for a new audience, however the Argentinian government will not attend.
Argentine had met the deadline to reach an agreement with the so called vulture fund' doesn't mean this is a "defeault" or a "technical default", as some have portraied, Argentine Finance Minister Axel Kiciloff said on Thursday during a press conference.
“It's very clear that Argentina would be in default if it had not fulfilled any of the clauses stated in the contracts,” he clarified, assuring that this has not been the case.
As Kiciloff explained, it's the vulture funds, which make up only one percent of the creditors, who have rejected the Argentinian payment.
“It's ridiculous that they are trying to make us enter payment cessations...we have enough in our funds in our reserves” he stated.
President Cristina Kirchner referred to the case on Thursday, during a national broadcast message to the nation, saying that Argentina is being attacked by “financial missiles”.
“I didn't bring Argentina in-debt and neither did you. Those that in-debted Argentina are those that continue saying that we have to sign whatever agreement” she stated, referring to the international financial sector which is pushing Argentina to pay a bigger amount of money to vulture funds than to other creditors.
U.S. Judge Thomas Griesa called today the vulture funds and the Argentinian government to an audience, to rule over the case. The Argentinians have announced that they will not attend.
“The world needs a more just system” she said. The international financial rating agency Moodys has said today that it's qualifying Argentina as “in technical default”.
- Vultures Who Fly From Washington
By Manuel Yepe “The vulture funds --the small number of creditors who held out from Argentina's earlier debt restructuring-- had no interest in the country or its people. They picked up their bonds on the cheap, in hopes that by spending enough...
- What The Nml Capital Ltd Vs Argentina Case Means For The World
By Oscar UrgatecheSource: alainet At the end of June, 2014, a New York’s Second District Judge ruled in favour of a hedge fund, NML Capital, and against the Republic of Argentina. The issue at stake was if a hedge fund that bought...
- On The Vultures And Their Accomplices
It shouldn’t surprise that U.S. courts support unscrupulous creditors that have been called “vulture funds”. There are many examples in history that have revealed that the U.S. justice has a special affinity for the predatory, aggressive species,...
- Argentina And The Ruling Of The Century In The United States The Return Of External Debt
By Carlos MarichalSource: alainet In recent weeks the external debt issue has returned to the limelight of finance and international politics, due to a ruling of the Supreme Court of the United States, which has emitted a resolution against the government...
- Minrex (cuban Ministry Of Foreign Affairs) Declaration On Vulture Funds Against Argentina
The Foreign Affairs Ministry of the Republic of Cuba has learned of the accusations made by the President of the Argentine Republic,Cristina Fernández de Kirchner on the rulings of the United States Supreme Court and the Appeals Court in that country....