Pro-government demonstrators beat drums in front of an image of late President Nestor Kirchner placed over the Economy Ministry in Buenos Aires financial district. Reuters
Pro-government demonstrators beat drums in front of an image of late President Nestor Kirchner placed over the Economy Ministry in Buenos Aires financial district. Reuters

QCOSTARICA (Prensa Latina) Economy Minister Axel Kicillof defended Argentina’s firm position against the pressures and maneuvers of the vulture funds, explaining that if the country had given up, today it would be too costly for the nation.
Kicillof stated in his Twitter account that if Argentina had agreed to pay $1.6 billion USD claimed by the vulture funds, that amount would have turned into $500 billion USD.

“The world recognizes that Argentina has the right to defend its finances, its people, its dignity and its sovereignty, confronted with the vultures’ attack”, he said.

Kicillof warns that the vulture funds do not want to negotiate, claiming everything and trying to put pressure on the 93 percent of creditors that accepted the Argentina’s exchange.

Kicillof expressed his opinion after that Judge Thomas Griesa set a new hearing for next March 3 and before the expiry date on Thursday of the clause known as RUFO, which prevented Argentina from paying another creditors, besides the 93 percent of those who accepted the 2005 and 2010 exchanges.

“What they are claiming is to pay $23 billion USD to the seven percent that did not accept the restructuring, not only $1.6 billion USD claimed by the vultures”, said Kicillof.

“And $23 billion USD is an estimate made by Argentina, because judge Griesa does not decide to say how much the amount is, how many they are, what they are claiming and under what conditions. He wants us to negotiate one at a time, for the last one to take it all”, said Kicillof.


Since you are here …

… we have a small favor to ask. More people are reading Q COSTA RICA more than ever but advertising revenues across all media channels are falling fast. And unlike many news organizations, we haven't and will never put up a paywall – we want to keep the Q open always. So you can see why we need to ask for your help. Updating reports on Q COSTA RICA demands a lot of time, money and hard work. But we do it because we believe our reports matter. To everyone who reads Q COSTA RICA, who likes it, help to support it by clicking our ads.

Do you part, click on an ad today.




Costa Rica's private transportation services AVANTI Costa Rica. Discreet and reliable service.

If you enjoyed this article please SHARE IT! (use share buttons).

WHAT ARE YOUR THOUGHTS?
Post your comments below or to our official FACEBOOK page.

SHARE
Previous articleBolivia Improves Security along the Argentinian Border
Next articlePenne a la Margarita: From Our Test Kitchen To Your Table
Rico
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! Rico brings his special kind of savvy to online marketing. His websites are engaging, provocative, informative and sometimes off the wall, where you either like or you leave it. The same goes for him, like him or leave him.There is no middle ground. No compromises, only a passion for presenting reality as he sees it!