You Are Here: Home » Posts tagged "Argentina"

VULTURE FUNDS: The Central Bank revokes BoNY authorization to operate in Argentina

According to Telam, The Central Bank of the Argentine Republic (BCRA) revoked BoNY (Bank of New York Mellon) authorization to operate in Argentina, based on the fact that payment to the restructured bondholders was not carried out, said the Cabinet Chief, Jorge Capitanich. The decision was taken after BoNY’s non-fulfillment of the contract as Argentina’s trustee. "The representation of the BoNY in Argentina ...

Read more

Cry for Argentina: Fiscal Mismanagement, Odious Debt or Pillage?

Analysis by Ellen Brown SONOMA, California, Aug 14 2014 (IPS) - Argentina has now taken the U.S. to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign bankruptcy. Better than redesigning the sov ...

Read more

Vulture Funds v Argentina: The Guardian asserts that Obama could put a stop to Griesa’s ruling

The important British newspaper The Guardian held that the President of the United States has the Constitutional power of reverting the ruling of New York Judge Thomas Griesa, on the basis that it interferes with his foreign policy. Telam The story, signed by journalist Greg Palast, a specialist on vulture funds, refers to a clause of the U.S. Constitution known as the “Separation of Powers”, which allows t ...

Read more

Argentina Seeks to Sue U.S. at The Hague over Debt Dispute

Argentina has taken steps to sue the United States at the International Court of Justice over a debt dispute that sent the country into default. In a petition to the U.N. tribunal, Argentina accuses U.S. courts of violating its sovereignty by siding with vulture funds led by billionaire Paul Singer. The hedge funds have demanded full repayment after buying Argentina’s debt for bargain prices after its finan ...

Read more

Argentina Contacts US Banks

Buenos Aires, Aug 6 (Prensa Latina) Argentina is in contact with the Citibank and the Bank of New York to timely transfer its payments to the creditors that agreed to restructure the country''s debt and that were blocked by [US] Judge Thomas Griesa. The decision was notified the eve by the Ministry of Economy in a communiqué in which it said that a legal warning will be published in the national and interna ...

Read more

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 ...

Read more

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 ...

Read more

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 ...

Read more

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 ...

Read more

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 ...

Read more

Except where otherwise noted, content on this site is licensed under a Creative Commons Attribution 4.0 International license.

Scroll to top