The International Monetary Fund on Monday urged changes in sovereign bond contracts as Argentina remained mired in a US court battle with holdouts or vulture funds years after its massive debt restructuring.
The US 'blue' or informal dollar plunged 35 cents at the end of trading on Monday in Argentina to 14.95 Pesos after dropping another 20 cents last Friday, amid uncertainty about the new Central bank authorities policies and what is anticipated will be tighter controls on 'illegal' trading.
Lawyer Robert Cohen representing NML, the main holdout fund in litigation with Argentina, insisted that his client is prepared and willing to negotiate but also questioned the government of President Cristina Fernandez attitude during the court hearings in New York over the restructured debt.
US Judge Thomas Griesa has ordered Argentina to reinstate the Bank of New York Mellon (BoNY) as trustee for bondholders payments and “reverse the steps taken” with the approval of the so-called Sovereign Payment law that replaced it with the country's Nacion Fideicomisos.
Italian bondholders filed a complaint order to United States District Judge Thomas Griesa asking to be given the same benefits as Aurelius Management and NML Management, the “holdouts” that were authorized by Griesa to be paid the full debt Argentina has with them.
BBC2’s Top Gear presenter Jeremy Clarkson has said his crew did nothing wrong and affirmed “someone could have been killed”, following incidents in which a group of people in Tierra del Fuego threw stones at their cars, thinking the license plates they used for filming were directly alluding to the Falklands/Malvinas War.
Argentine ambassador to the UK Alicia Castro and Argentina's National Library head Horacio Gonzalez took part in a conference held at the British Library last Friday in London to promote “cultural cooperation and dialogue” between the two countries.
Hooliganism and mobbing by government officials seem to be the norm in Argentina following on the experience of two incidents, one involving a BBC crew forced out of the country for their alleged 'disrespectful attitude' towards the Falklands/Malvinas conflict memory, and a second calling on hecklers to impede a conference in Buenos Aires of a former minister.
Argentina exported 277.348 tons of seafood between January and August 2014, which represents a minimum rise of 0.01% compared to the 277.314 tons of the same period in 2013.
According to Argentina's leading and most influential financial newspaper, Ambito Financiero, Brazil, via the private sector could come to the rescue of Argentina in its ongoing dispute with the speculative funds in the New York court presided by Judge Thomas Griesa.