Argentina's Legal and Technical Secretary to the Presidency Carlos Zannini is overseeing a group of experts in international law as they draft the suit the government of President Cristina Fernandez will file against US Judge Thomas Griesa’s ruling on full repayment to holdout bondholders at International Court of Justice in the Hague, according to Noticias Argentinas-
Argentine President Cristina Fernandez said on Monday that she would only take decisions that benefitted the overall health and stability of the Argentine state, as she called on the country to defend the achievements of the last 10 years.
Two senior Iranian officials told an Arabic-language television channel on Monday that Tehran has supplied missile technology to Hamas for its fight against Israel. Revolutionary Guard commander Mohammad Ali Jafari warned in an interview with the Arabic channel of Iran's state Al-Alam television that Palestinian resistance to Israeli aggression is endless and growing.
U.S. District Judge Thomas Griesa on Monday turned back an effort by Argentina's government to remove the court-appointed mediator in the dispute with creditors that triggered a 'selective default' situation by the country last week. He also revealed that the default condition was at his direction and was 'accurate'.
Argentina's economy probably will contract in 2014, the head of the United Nation's body for Latin America and the Caribbean, ECLAC said on Monday, as fallout from a new sovereign debt crisis will keep the country out of money markets.
A candle-lit vigil at Westminster Abbey and a lights out event have concluded a day of ceremonies marking 100 years since Britain entered World War One. People were invited to turn off their lights for an hour until 23:00 BST, the time war was declared on 4 August 1914.
Argentina’s debt problems threatens to worsen trade tensions in Mercosur, adding to the economic woes of Brazil in a tense election year and causing headaches in Uruguay as the Argentine economy looks likely to plunge deeper into recession.
By Eileen Appelbaum (The New York Times) - There is no way to construe as fair the United States court ruling that Argentina cannot pay 93% of its creditors, unless it first pays a small group of hedge funds. It's not fair to the 93% of bondholders who negotiated a restructuring of Argentina’s debt in 2005 and 2010 with reduced payments.
Russia has been ordered to pay about 2.5bn dollars to former shareholders in defunct oil group Yukos by the European Court of Human Rights. Russia's Justice Ministry said the ruling was unfair and it had three months to appeal against the decision.
The Falklands/Malvinas war, the 2001 default and the 2014 default are the three events that are going to go down, in recent Argentina history, as the three worst strategic mistakes committed by the country, according to political analyst and historian Rosendo Fraga.