La Nacion
Lorenzino will explain in the U.S. why debt bonds are not being paid
Saturday, June 4, 2012
By Silvia Pisani
The
Economy Minister will travel to Washington, where American investors
are pressing against Cristina Kirchner’s decision not to pay the
“vulture funds”
It
will be interesting to see. Economy Minister Hernan Lorenzino will
come within the week to this city to speak about the Argentine debt
default and the decision not to pay the holders of bonds that continue
to sue over that commitment.
Lorenzino’s
arguments will be the first every publicly mounted by the Argentine
government in this city, where the strongest actions have been
concentrated by American investors against the decision by the
government of Cristina Kirchner to not pay the so-called “vulture
funds”.
The
decision lines up within what Ambassador Jorge Arguello called the
“need to dispel erroneous ideas” about our country’s debt and
“proportion a response to the repeated questions around” the issue.
In
fact, weeks ago the ambassador mounted an “information” campaign about
Argentina which includes the sending of a regular newsletter to the main
centers of political decision-making in the city.
In
recent months, the government of Barack Obama applied a series of
pressures on our country over the non-payment of its obligations.
First, it began to vote against credits for the country from
multilateral credit organizations, like the Inter-American Development
Bank (IADB) and the World Bank.
Shortly
ago, Obama himself personally suspended tariff benefits for Argentina
for the same reason. Now, there is pressure in the U.S. Congress to
“suspend” Argentina as a member of the G-20.
Lorenzino’s
intervention in this city will come only two days before President
Cristina Kirchner arrives in New York to speak about the Malvinas and,
possibly, to defend the economic “model” – including the debt policy-
before economic players.
