Scioli pleas 'collaboration' in 'vulture' funds fight

Buenos Aires province Governor Daniel Scioli.

Buenos Aires province governor Daniel Scioli rejected the recent ruling in favour of “holdout” bond investors by New York Judge Thomas Griesa and called on other provincial governors, mayors and union leaders to “join in collaboration” in order to bring peace of mind to the population.

While visiting the city of San Miguel, Scioli assured that “in Argentina, it’s time for collaboration, not confrontation.”

“We have very complex situations to deal with, such as the President’s struggle with the ruling coming from the so-called vulture funds who speculated in our country and were not related to the economy, production and labour but to the financial gambling,” he said.

Scioli recalled that while investors purchased the debt bonds at a very low price “in the meantime, people could lose their jobs and close down their businesses.”

“We’ve been improving since then, that is why more than ever Argentina needs for all of us to work together, and that’s where you’ll find me, with great responsibility.”

Scioli concluded by calling on social, union and political sectors. “We must all work together, those of us who govern, the unions and workers, in order to bring peace of mind of the population.

http://www.buenosairesherald.com/article/117624/scioli-pleas-collaboration-in-vulture-funds-fight