In its latest edition The Economist writes about Argentina’s debt stand-off, and states this “reflects a teenage attitude that rules are there to be broken”.
Economy minister Axel Kicillof has confirmed that Argentina would enter talks with mediator 'Special Master' Daniel Pollack over the legal battle currently raging between the nation and holdout hedge funds as 'vulture funds', while clarifying that those funds would not be present.
Argentina's vehicle production reached 50,904 units in June according to the Automobile Factory Association (ADEFA), 19.8% less than the 63,461 units manufactured in the same month of 2013. Taking into account the first 6 months of 2014, production fell 21.8% compared to the same period of 2013.
The former Argentine vice-president and presidential hopeful Julio Cleto Cobos who visited the Falklands this week will at least have a better understanding of the Islands commented Member of Legislative Assembly Phyl Rendell on behalf of the Assembly Thursday.
The Organization of American States (OAS) voted on Thursday to support Argentina’s position against holdout investors, as well as expressing concern over what the entity called “the behavior of speculative agents that affect global financial stability.”
Argentina' Radical party national committee (UCR) took distance from the trip to the Falklands/Malvinas of lawmaker Julio Cleto Cobos and underlined that the visit of the former governor from Mendoza province was something personal and in no way involves 'institutionally' the party.
The Bank of New York Mellon, fearful of being sued by Argentine bondholders and unwilling to defy a court order blocking their coupon payments, is seeking guidance from U.S. Judge Thomas Griesa on what to do with the money.
A significant decline in catches of squid (Illex argentinus) in Argentine waters at the end of the season, has forced the return to port of several Argentine flagged jiggers, according to a report this week from the country's Coast Guard station in Mar del Plata.
The economist famous for predicting the 2008 financial crisis has analyzed Argentina’s current dispute against vulture funds warning “holdouts must not be permitted to block orderly restructurings that benefit debtors and creditors.”
Greek Prime Minister Antonis Samaras said Greece is not Argentina and pledged his country will avoid Argentina’s fate of staying mired in economic troubles more than a decade after defaulting on debt.