Gesamtzahl der Seitenaufrufe

Freitag, 14. März 2014

Debt Coverage: Bloomberg: “Argentina Awaits Notice From Paris Club to Begin Formal Talks” Buenos Aires Herald: “IMF still supports country” Bloomberg: “Kerry Says State Department Won’t Back Argentina in Debt Case” MercoPress: “US will not side with Argentina in its dispute with hedge funds, says Kerry” Buenos Aires Herald: “Washington 'won't side with Argentina in court,' Kerry affirms on vulture funds dispute”


Friday, March 14, 2014

By Pablo Gonzalez

The Argentine government is awaiting formal notice from the Paris Club of creditor nations to begin talks on final terms for the repayment of defaulted debt, Cabinet Chief Jorge Capitanich said.

“Once Argentina receives formal notice, talks on terms, conditions, payment methodology and other details, in order to reach an agreement that satisfies both parties, will start,” Capitanich told reporters today.

The club of 19 creditor nations nations accepted an offer from Argentina to pay debt in default since 2001 in installments, Buenos Aires-based newspaper BAE reported today, citing unidentified foreign diplomatic officials and Argentine government officials. Clotilde L’Angevin, Paris Club’s secretary-general and spokeswoman, declined to comment “at this stage” on the report.

Buenos Aires Herald

Friday, March 14, 2014

The International Monetary Fund (IMF) reiterated its support yesterday for the federal government in its lengthy legal battle with hedge funds, citing the impact a negative ruling in the US Supreme Court could have on other debt-restructuring processes. It came only a day after US Secretary of State John Kerry ruled out the Obama administration’s support of Argentina in the courts.

“The Fund is seriously concerned about the wide ranging consequences this judicial decision could have on debt restructuring processes,” Gerry Rice, IMF spokesman toldá yesterday, avoiding comment on Kerry’s statements.


Thursday, March 13, 2014

By Katia Porzecanski and Greg Stohr

The U.S. State Department won’t side with Argentina in a legal fight with holders of $1.5 billion of the nation’s defaulted debt, Secretary of State John Kerry told lawmakers.

Asked at a House budget hearing yesterday whether the department would back Argentina, which is seeking a U.S. Supreme Court hearing, Kerry answered no. His comments didn’t preclude the possibility of a brief by the U.S. solicitor general, the Justice Department lawyer who makes the final decision on Supreme Court filings.

Argentina is seeking review of a lower-court order requiring the nation to pay holders of defaulted bonds in full if it makes payments on its restructured debt. Kerry said the U.S. has encouraged Argentina to find a resolution with creditors.


Friday, March 14, 2014

During a brief to the US Congress and in reply to a question from Republican Representative Mario Díaz Balart, (hopefully no more 'amicus curiae'), Kerry said that Washington “urged Argentina to pay its public and private debtors”.

And “No, the answer is no. We are not going to”, the state secretary affirmed when we was asked whether Obama’s government would “side with Argentina in the court.”

Buenos Aires Herald

Thursday, March 13, 2014

The Barack Obama administration will not support Argentina in its long-standing dispute with vulture funds suing the South American country over its defaulted bonds more than a decade ago, US State Secretary John Kerry has warned. Still, the American official praised what he considered some “positive steps” by the Kirchnerite government.

During a brief to the US Congress, Kerry said that Washington “urged Argentina to pay its public and private debtors”. “No, the answer is no. We are not going to”, the state secretary affirmed when we was asked whether Obama’s government would “side with Argentina in the court.”

New York Times

Friday, March 14, 2014

Regarding “Cry for me, Argentina” (Opinion, Feb. 28): After reading Roger Cohen’s ode to the self-destruction of Argentina, I had to run to my computer and perform a quick search. Was I dreaming? Wasn’t the United States deeply involved in Argentina’s political upheavals? Ah yes, here’s some $30 million in annual aid to the military dictators from the Ford and Reagan administrations. After the dictators fall, here’s the United States obstructing efforts to bring them to justice. And the “disappeared” of whom Mr. Cohen speaks with such reverence? The savagery they fell victim to was, according to documents released in 2002, backed by Secretary of State Henry Kissinger, and by many accounts actively supported by the C.I.A. To extend Mr. Cohen’s metaphor of the child who won’t grow up, it is oddly selective and misleading to omit the role of its abusive uncle, Uncle Sam.

Maia Ettinger, Guilford, Conn.

Mr. Cohen manages, in slightly more than 800 words, to reduce an entire country, its people and history into a caricature designed for easy consumption. He indulges in descriptions of Peronism that would each require 800 words to be properly defined. He makes the “Dirty War” into a quaint image of Argentine women sobbing uncontrollably. Even the headline turns Argentina into an antiquated symbol and an image of Madonna singing a pop song.

Marianela D’Aprile Knoxville, Tenn.

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