MercoPress. South Atlantic News Agency
Argentina “will not enter in default” and will honour all re-scheduled bonds
“The only possibility” Argentina contemplates regarding its debt is “to honour all payments” of creditors that entered debt swaps after the sovereign default of 2001, said Economy minister Hernan Lorenzino who underlined that Argentina “cannot and will not enter in default”. Read full article
Comments
Disclaimer & comment rulesThe U.S. exec branch can only file as a friend “amicus”, it's not in charge of legislative, but dumb people don't know that.
Nov 20th, 2012 - 12:27 am - Link - Report abuse 0The holdouts are also creditors, though Argentina refuses to accept that plain fact. They should be grateful that 93% of creditors agreed to accept less rather than bleat about the 7% that didn't. Pay up.
Nov 20th, 2012 - 12:49 am - Link - Report abuse 0so what.......??? Argentina want everyone to bow down and thank them for paying back the money that they owe?
Nov 20th, 2012 - 07:20 am - Link - Report abuse 0They have created an a big song and dance over something that they should have done anyway.
Just shut up and pay the bill. This is getting so old now...............pay up.
Argentina “will not enter in default” and will honour all re-scheduled bonds .
Nov 20th, 2012 - 08:39 am - Link - Report abuse 0Is that a flying pig in the background ?
Interesting artice in the Wall Street Journal “Argentina runs out of other people's money”
Nov 20th, 2012 - 08:43 am - Link - Report abuse 0http://online.wsj.com/article_email/SB10001424127887323551004578118980029057450-lMyQjAxMTAyMDEwOTExNDkyWj.html?mod=wsj_valetbottom_email
The Ladroprogresista regime is cornered at least with respect to Argentine sovereign bonds : they are going on with their wishful thinking but this time no free way out of the mess they have created.
Nov 20th, 2012 - 11:57 am - Link - Report abuse 0Unless a miracle happens in New York courts (plural!), the stay of Judge Griesa's PARI PASSU injunctions will be dissolved in a matter of months, may be (hopefully) weeks, and then they will have to choose and pay a toll:
- new default on exchange bonds (that is: Lorenzino's declarations are lies);
- pay up some holdouts (that is: Lorenzino's declarations are lies ... welcome lies in this case);
- not complying with US court's PARI PASSU injunction (that is: Argentina's affidavit is a lie)
and multiple choices are allowed ;-)
Of course Argentine people is free to let insane robbers rule their country, ignoring their international obligations, all of them ... eventually experimenting the pleasures of living in a novel South American Zimbawe.
Sadly it looks like that patriottic, reasonable Argentines have little chances to change for better their government in the near future.
I learned a long time ago, whenever an RG politician bleats on and on about something it ends up being exactly the opposite of whatever they are trying to convince people to believe.
Nov 20th, 2012 - 01:00 pm - Link - Report abuse 0Also if these people want some respect they should cut and wash their hair, try to wear suits that fit and clean shoes. Rgs are always a mess.
Argentine government and honour is an oxymoron!
Nov 20th, 2012 - 01:54 pm - Link - Report abuse 0Surely there would be the standard mandatory prepayment of principal and interest on an event of illegality in the bond docs (i.e . if it becomes illegal to meet your obligations under the documents you shall mandatorily pre-pay)...
Nov 20th, 2012 - 01:59 pm - Link - Report abuse 0I know that the word is longer, but shall we rename “argies” as “wrigglies”?
Nov 20th, 2012 - 03:13 pm - Link - Report abuse 0What are those three biggest lies?
Nov 20th, 2012 - 05:28 pm - Link - Report abuse 01-the checks in the mail
2-I love you
and
3-I won't......lol
and now for a new forth
4-Argentina will not default!
Closer and closer comes the default!
Nov 20th, 2012 - 05:45 pm - Link - Report abuse 0@14 Reported!
Nov 20th, 2012 - 06:49 pm - Link - Report abuse 0@14 deported! X)
Nov 20th, 2012 - 07:23 pm - Link - Report abuse 0I see CFKC has been bleating on about Argentina being 'forced' into default by dark forces. Why doesn't she out-trick them by just paying up?
Nov 20th, 2012 - 09:11 pm - Link - Report abuse 0www.foxbusiness.com/news/2012/11/19/ny-fed-backs-argentina-in-case-involving-debt-service-payments/
Nov 20th, 2012 - 09:56 pm - Link - Report abuse 0http://stream.aljazeera.com/story/argentinas-message-war-0022399
Nov 20th, 2012 - 10:09 pm - Link - Report abuse 0Btw, the reason why the U.S.- gov- filed amicus is because this ruling is more in favor of individuals, not gov.
Nov 21st, 2012 - 01:29 am - Link - Report abuse 0The world 'community standard' is trending towards creased individual rights.
I think this showdown will prove that Argentina is truly flat broke. Can't pay 10 million dollar and nod paying anyone off, just a bond to relase it. Can't fix her naval corvette in South Africa.....but boy, damn straight the botox flows through the trade routes!!
Nov 23rd, 2012 - 08:10 pm - Link - Report abuse 0#15 Wonder what gave her that idea. Oh maybe its the fact that these dark foces and their supporters like yankeeboy on here are gleeful about Argentina being forced by Griesa to default...
Nov 24th, 2012 - 12:49 am - Link - Report abuse 0@20 BSK
Nov 24th, 2012 - 11:03 am - Link - Report abuse 0Yes, and the sooner the better.
Get rid of TMBOA and all the crooks with a new government, mend the fences with the real world and get back on another crest for the country.
It will never get better with this bunch of crooks in power.
No one forced asslips to do anything .....one stupid state leader though they can get away and bail out on their debts without any impact
Nov 24th, 2012 - 02:19 pm - Link - Report abuse 0Commenting for this story is now closed.
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