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Argentina Deplores Announcement on Vulture Funds

Buenos Aires, Jul 16 (Prensa Latina) The Argentine Government deplored today a paid announcement on the vulture funds published by the Clarin and La Nacion newspapers asserting that the country undergoes a technical suspension of payments. Jorge Capitanich, Chief of the Cabinet of Ministers, asserted this morning that Argentina does not undergo a technical default, as stated by that announcement, because th ...

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Argentina Government Highlights World Support against Vulture Funds

Buenos Aires, Jun 26 (Prensa Latina) The head of the Argentinian Cabinet, Jorge Capitanich, today thanked the international community for its increasing clear, strong, and longstanding support in his country´s fight against vulture funds. Capitanich highlighted the recent support given by the Group 77 plus China which unanimously expressed its solidarity with Argentina in the judicial process it is enduring ...

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Argentina Alleges Extortion After Supreme Court Sides with Vulture Funds Preying on Sovereign Debt

We look at a case that is being called the "trial of the century" in how poor countries repay sovereign debt. This week, the U.S. Supreme Court rejected an appeal from Argentina over its $1.5 billion debt in a ruling critics say validates predatory behavior by so-called "vulture funds." The case involves hedge funds that bought up Argentina’s debt at bargain rates after its financial crisis more than a deca ...

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Argentina Alleges Extortion After Supreme Court Sides with Vulture Funds Preying on Sovereign Debt

Democracy Now! We look at a case that is being called the "trial of the century" in how poor countries repay sovereign debt. This week, the U.S. Supreme Court rejected an appeal from Argentina over its $1.5 billion debt in a ruling critics say validates predatory behavior by so-called "vulture funds." The case involves hedge funds that bought up Argentina’s debt at bargain rates after its financial crisis m ...

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Vulture funds: British MPs signed resolution supporting Argentina

More than 100 British members of Parliament signed a support motion aimed at avoiding that the vulture funds make profit from Argentina and in this way cause a defaulting on payments on part of the country. The Parliamentary Proposal was made through the International Catholic Jubilee and signed by 106 MPs, sources of that London-based organization told Telam. The Proposal warns that “vulture funds are tryi ...

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Argentina Reaches Deal to Repay Debts Without IMF Involvement

Democracy Now! Argentina has reached a landmark deal with a group of creditor nations to repay its longstanding debt without the involvement of the International Monetary Fund. Argentina is still trying to recover from a massive economic crisis and default more than a decade ago, which followed years of neoliberal reforms backed by the IMF and World Bank. Argentine President Cristina Fernández de Kirchener ...

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“Our fight against the vulture funds receives much support worldwide”

Telam: Argentina’s Foreign Minister, Hector Timerman signaled the support on part of the United States to the Argentine stand before the Supreme Court of that country in the case against the vulture funds. He also reminded that Argentina "was the first country that decided to battle on" those speculative interests. "Our fight against the vulture funds receives a lot of support in the world, mainly of countr ...

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Argentina Gets More Support in Litigation over Vulture Funds

Buenos Aires, Mar 25 (Prensa Latina) Argentina got more support before the deadline set by the U.S. Supreme Court, where it filed an appeal against a New York judge''s ruling favoring vulture funds that might have unpredictable consequences. On Monday, when the deadline was set, Nobel Prize winner Joseph Stiglitz, the NGO Jubilee and several banks, including Gramercy and Puente, signed up as friends of the ...

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Crises swamping developing economies

By Martin Khor* | IDN-InDepth NewsAnalysis   GENEVA (IDN) - Several developing countries are now being engulfed in new economic crises as their currency and stock markets are experiencing sharp falls, and the end is not yet in sight. The “sell-off” in emerging economies has also spilled over to the American and European stock markets, thus causing global turmoil. Countries whose currencies were affecte ...

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Argentina: “The Government faces interests that want the market to regulate the economy”

Congressman Carlos Heller, of the New Encounter Movement, said that “the Government is now facing interests that want the market to regulate the economy”. He added that the Government “is facing this situation by opposing the increase of speculative prices and taking a close look into each of the chains of value”. "The eternal discussion on who runs the economy is now open between a State that is present, w ...

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