Investors holding 1 billion dollars worth of restructured Argentine debt said they also appealed to US District Judge Thomas Griesa’s ruling that they fear would trigger another default and prevent them from being paid principal and interest due on their bonds next month.
The European Union, United States and Japan presented a formal complaint before the World Trade Organization questioning the legitimacy of some measures adopted by Brazil to protect domestic manufacturing, particularly in the auto industry.
Argentine ambassador Alicia Castro rejected at the International Maritime Organization, IMO, British complaints on maritime security in Argentine waters and navigation obstacles for British and Falklands flagged vessels which access Argentine ports.
The UK is pursuing actions through the European Union, the World Trade Organization and the International Maritime Organization following the latest intimidation incidents from Argentina against the Falkland Islands and which also involve interfering with the free passage of shipping and free trade.
The Chicago Tribune, one of the leading Midwest US newspapers has been following closely the dispute in New York courts between the Argentine government and investment funds that are demanding full payment of sovereign bonds.
Argentina has started a major diplomatic campaign in an attempt to deny success to the Falkland Islands March referendum on its nationals’ political status, fearing the negative international repercussions for its sovereignty claims over the disputed Islands.
Argentina’s Ambassador to the United States, Jorge Argüello, assured on Monday that “Argentina will not pay the price for the financial irrationality of the North, and under no circumstances will tolerate the vulture funds’ blackmailing.”
The Argentine government will appeal on Monday the New York federal court ruling from Thomas Griesa which orders the country to pay 1.3billion dollars to the investment funds which held out from the (2005 and 2010) restructuring of the 2002 defaulted sovereign debt.
The Falklands referendum on March 10/11 is designed to simply ask the people of the Islands to state clearly their wishes regarding their political status, and this is supported by democratic practice, the UN guiding principle of self determination and even by Ban Ki-moon in recent reports in the Argentine press, said lawmaker Dick Sawle.
For the first time since 2002 Argentina is forecasted to end the tourism year with a negative balance totalling 2.3 billion dollars compared to a positive one of 304 million dollars in 2011, according to consultants Ecolatina.