Monday, 30 November 2020

Argentinian Economy Minister Defends Stance on Vulture Funds

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.

- Advertisement -

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.

- Advertisement -

- Advertisement -
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

AyA Out of Control: Ombudswoman denounces utility

QCOSTARICA - Costa Rica's Ombudswoman, Catalina Crespo, denounced that the Instituto...

Ghost lodging: the new way to scam families on vacation

QCOSTARICA - If it seems better than expected, the ads for...


chorotega Region promotes campaign to promote mental health and prevent suicidal behavior in times of COVID-19

QCOSTARICA - Product of the joint work of the Ministry of Health (through the Health Governing Area of ​​La Cruz), Universidad Estatal a Distancia...

Conduct These Three Internal Analyses To Select The Right Edtech Tool

Using edtech tools has almost become a necessity. Modern learning styles need the support of technology in order to deliver impactful learning to students. This...

Italy to start distributing Covid-19 vaccine at the end of January

(CNN) ROME - Italy wants to start distributing a Covid-19 vaccine at the end of January, Prime Minister Giuseppe Conte said Monday during an...

Chaos on Twitter! Fans confuse Maradona’s death with Madonna’s

QMAGAZINE - After the death of the former Argentine player, Diego Armando Maradona, was announced this Wednesday, November 25, Madonna fans were shocked. The fans...

Patient whose penis was amputated sent a loving message to his girlfriend

QCOSTARICA - A man named García, a resident of Osa, in the southern zone, underwent a penis amputation on Wednesday in an attempt to...

New step against evasion? The Treasury will have a closer look at taxpayers

QCOSTARICA -  Taxpayer movements with the Treasury will have more controls as of December 1, with the addition of the 13-digit code known as...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.