Repsol Chairman Antonio Brufau has expressed his determination to reach a solution on compensation for the nationalisation of its shares in YPF, and says that he is willing to take the matter to an international court level to ensure a fair amount is paid.
Argentina asked a US judge late Friday night to maintain his order blocking payment on defaulted sovereign bonds to holdout investors until lingering questions are settled in a higher court's appeals process.
Spanish President Mariano Rajoy stated that he “would have liked” his Argentine counterpart, President Cristina Fernández to have attended the XXIIth Ibero-American summit, starting Friday in Cádiz.
Argentina filed on Tuesday a petition for a retrial at the US Second Circuit Court of Appeals over a debt ruling that would force the country to pay holdout creditors owning bonds in default since 2002.
Secretary General Ban Ki-moon said UK is not violating relevant UN resolutions referred to the Falklands’ and more specifically on colonialism, he argued that a prevailing impression is that “people living under certain conditions should have a certain level of capacities so that they can decide their own future”, be it independence or some kind of government in their territories.
Argentine opposition leaders renewed their criticism of President Cristina Fernández accusing her of being autistic, unlimitedly authoritarian and of disregarding the people after the giant anti-government pot-banging protest, 8N, on Thursday, while the administration vowed to steer the course and not to fall into “rightwing” provocation.
Reacting to Thursday massive protest against the government which convened hundreds of thousands of Argentines in the country and overseas, President Cristina Fernandez said that the real problem is the lack of a political leadership that can represent an alternative model to that which has been so successful for the majority of Argentines.
US District Judge Thomas Griesa told Argentina it should not even consider evading a recent ruling requiring it to pay bondholders who did not participate in two major debt restructurings after the country's 2002 default.
Hundreds of thousands of protestors, probably a million according to some estimates, took to the streets of Buenos Aires on Thursday evening to hold the 8N pot-banging demonstration against the administration of Argentine President Cristina Fernandez.
Argentine pro and anti-government officials, politicians and lawmakers took to the nation’s radio stations to speak out on Thursday’s planned 8-N anti-government pot-banging protest, highlighting issues of class and ethics, but denying that the measure could be comparable to the magnitude of protests that took place in 2001.