MercoPress. South Atlantic News Agency
US will not side with Argentina in its dispute with hedge funds, says Kerry
US Secretary of State, John Kerry has rejected the possibility that the Barack Obama administration would side with Argentina in the long-standing dispute with hedge funds over the defaulted bonds from the 2001/2 meltdown. Still the US official praised what he considered some “positive steps” by the Cristina Fernandez government. Read full article
Comments
Disclaimer & comment rules:-))
Mar 14th, 2014 - 10:31 am - Link - Report abuse 0Oh dear, Argies!
Mar 14th, 2014 - 11:27 am - Link - Report abuse 0We did tell you this was bound to happen though, didn't we: “the US siding with the argies” HA, HA, HA. NFChance, you still owe them US$600 million!
I am surprised that Kerry has been so categorical.
Mar 14th, 2014 - 12:34 pm - Link - Report abuse 0I would have expected him to be closer to the IMF position on this matter.
Kerry saying: “I’ll do everything in my power to get it back, as will the State Department” is game over of Argentina. Obama's support was their only remaining lifeline.
Argentina is being forced to the negotiating table at a time when they are trying desperately to get back in to financial markets on their own terms.
Time to break open the piggy-bank.
You are funny Condorito, “game over” lol.
Mar 14th, 2014 - 12:38 pm - Link - Report abuse 0The USA has said the same thing for 15 years now. Empty threats from a toothless cat.
3. I am not sure why you thought the Admin would intervene. I never thought so. This is simple NY contract law, the sovereign immunity law has nothing to do with the bond payments. It is a red herring used by the Rgs to distract from the contract law.
Mar 14th, 2014 - 12:42 pm - Link - Report abuse 0I've said for a long time. Argentina will lose at SCOTUS, they will pay, all debt, interest, penalties and legal fees. There's 200+ yrs of case law proving they owe the money. I would be shocked if they won a penny of concession.
Singer already said there will be no negotiations until verdict is reached at SCOTUS.
CFK delayed too long cleaning up this and the IMF. They'll suffer some pain before they can come back into alignment and the good graces of the USA. Nobody cares if Argentina fails, they are not a stratigic importance to anyone nor offer the world anything it can't get somewhere else cheaper.
They're in a tough spot all brought on by arrogance and stupidity.
Maybe the people will learn this time.
This is without accounting for the prospect of a bad outcome from the hedge fund litigation:
Mar 14th, 2014 - 01:04 pm - Link - Report abuse 0http://www.thefinancialist.com/argentina-here-we-go-again/
6. Paul should read that article. He is wondering why I keep saying 20/1 by eoy.
Mar 14th, 2014 - 01:10 pm - Link - Report abuse 0There's not any way for the gov't to keep the country from going into hyperinflation.
Its not IF it is WHEN
Toby, DON”T SELL YOUR SUGAR!!
Cat food para todos.
#6
Mar 14th, 2014 - 02:22 pm - Link - Report abuse 0That picture of KFC in the Financialist - is she waving or drowning?
@3 I'm with you wondering why Kerry would make this statement. I don't think he really knows what he's talking about. His comment specifically addressed the Club of Paris negotiations. I think Kerry has confused that with the hedge fund battle going on in the Supreme Court. This man is confused on many issues. His recent veiled threats against Russia are a good example. When he ran against Dubya for Pres. in 2004, many of my friends criticized me for refusing to vote for him. I could not, however, support a candidate as clueless and confused as John Kerry and so did not vote for either brainless #1 or brainless #2. Kerry has not gotten any smarter since Obama appointed him secretary of state, so everyone here would be well advised to ignore his inane blather.
Mar 14th, 2014 - 03:33 pm - Link - Report abuse 0@4 toby
Mar 14th, 2014 - 03:45 pm - Link - Report abuse 0The point is that the USA has not being saying the same thing for 15 years. Media and some politicians might have given opinions, but there has been nothing as unequivocal for the administration before. Kerry has made a clear statement on the administration's position. Argentina now faces the supreme court alone.
@5 yankee
I was sure there would be accounting for the wider political implications and they still maybe. Kerry's statement could be intended to put pressure on Argentina to settle up out of court. The timing is right as Argentina is now frantically trying to build bridges back to the finacianal markets (much to toby's horror).
@4 So when SCOTUS rules that “the land that time forgot” has to pay, what then? Looking at the situation, you can start with the US$6 billion you've offered. But the Club says it wants full repayment and won't accept any reduction. So you can add on another US$4 billion in interest and penalties. There, a nice round US$10 billion. And if you can afford that, you can afford the rest. Perhaps the Club could decide to say that there are numerous court judgements against argieland. It will allow argieland to pay off its Paris Club debt once all those court judgements are paid. After all, the Club wouldn't want to obstruct the judgements of courts!
Mar 14th, 2014 - 03:53 pm - Link - Report abuse 010. There are no wider political implications on this matter.
Mar 14th, 2014 - 05:23 pm - Link - Report abuse 0Singer won't settle until SCOTUS rules. He knows he is going to win.
There's not anyone who is predicting Argentina will prevail.
Everyone is just waiting to see them fail.
It will be interesting to see how Argentina handles the ruling.
@10 yankee
Mar 14th, 2014 - 05:41 pm - Link - Report abuse 0Is there a date set for the SC case?
@ Polaco
Well I guess that is another option, that Kerry is just blathering.
13. SET FOR ARGUMENT ON Monday, April 21, 2014
Mar 14th, 2014 - 05:47 pm - Link - Report abuse 0This is the best place to follow SCOTUS
http://www.scotusblog.com/case-files/cases/republic-of-argentina-v-nml-capital/
Kerry is an idiot, no argument there but there is no reason for the US state to be involved in private contract dispute.
This may clear up some boundaries on Sovereign Immunity discovery though. How long our arms reach and what data is actually Sovereign.
Why doesn't Paul Singer start dating Christina?
Mar 14th, 2014 - 05:53 pm - Link - Report abuse 0Those 2 are obviously made for each other, both verifiable cockroaches.
Kerry doesn't care what happens as long as they get campaign contributions and the US gets the $$$.
He must have smoked too much weed in Nam.
To CFK,
Mar 14th, 2014 - 07:14 pm - Link - Report abuse 0US will not side with Argentina - so you don't have to thank them any more for their support.lol
@16 Old Briton..
Mar 14th, 2014 - 09:02 pm - Link - Report abuse 0To Old Briton
Who will side with the USA?
The USA is financially WORST in DEBT with 17 trillons dollars DEFICT
and increasing...
tic tic tic
borrowing more money to avoid DEFAULT is not the best recipe ...
Worst yet..
the Barack Obambi admnistration is running out of promises...
.about the future..
.Obambi saying 2014 is the year of the action is just another lie from the biggest charlatan!
I receive daily requests in my web site from the Tea Party and others groups requesting my support to impeach the old Tom!
Sussie
Mar 14th, 2014 - 10:41 pm - Link - Report abuse 0The Tea Party would take your vote and your money and then have you deported as “ethnically undesirable”
@18
Mar 15th, 2014 - 12:09 am - Link - Report abuse 0the comments is sent to 16 old briton not to trojan rubbers!
I'm gonna start shipping cat food to Buenas Aires, could be some money in it....
Mar 15th, 2014 - 07:17 pm - Link - Report abuse 0It is looking like it will be Menu del Dia for some years to come..
As long as they pay upfront of course!
@ 20 ilsen
Mar 15th, 2014 - 07:53 pm - Link - Report abuse 0Meow! :o)
@ 20 @ 21
Mar 15th, 2014 - 08:37 pm - Link - Report abuse 0Stupid Trolls never stop!
@21 ChrisR
Mar 16th, 2014 - 01:49 am - Link - Report abuse 0LOL!
Catty is as Catty does!
But perhaps you should round up your livestock and get your felines indoors, The Argies will soon be looking for protein in any form soon.
Maybe I should start shipping shotguns to Uruguay ...
My Father still has a beautiful pair, belonged to his father before.
Not exactly Purdey's but still exquisite and beautifully maintained.
I hear Holland & Holland are doing more 'accessibly-priced' sets these days...
Still, a level of craftmanship that the RGs could never hope to emulate!
US will not side with Argentina
Mar 17th, 2014 - 08:00 pm - Link - Report abuse 0Answer's all future questions .lol
@ 24
Mar 17th, 2014 - 08:21 pm - Link - Report abuse 0Argentina does not need the USA.
Responsability = The Foreign Severeign Immunities Act protect debt claims against foreign countries.
Responsability = The Bankruptcy Law protects business and people from paying their excessive debt.
Argentina might never pay the 65 billons debt like the USA might never pay the 17 trillons dollars debt, the_____ LARGEST DEBT in
__________ H I S T O R Y ___________________________
Comprende?....
:D
Argentina does not need the USA
Mar 17th, 2014 - 08:29 pm - Link - Report abuse 0can you prove this,
All countries should have the ability to pay, or no more borrowing,
..Comprende
Argentina only understands diplomacy when looking down the wrong end of a gun barrel.
Mar 17th, 2014 - 09:34 pm - Link - Report abuse 0Maybe this should be used to help them understand finance too?
@ 26
Mar 17th, 2014 - 10:31 pm - Link - Report abuse 0'to pay, or no more borrowing'...
really?
why the largest usa economy fails to pay at least a trillon dollars every year to reduce the LARGEST DEFICIT?
The USA continuing borrowing is the worst than the argentine debt.
The USA goverment is reducing their military forces and funds to all departments because of low revenues.
The best economist in the USA cannot predict when the USA will pay such 17 TRILLONS dollars DEBT.
The USA goverment cannot find funds to pay the TWO millons long term unemployed usa citizens waiting to receive their pay check.
The USA poor citizens are suffering. I see them every day begging for food and money.
La pobreza duele.
Time to pay up Argentina!
Mar 18th, 2014 - 01:05 am - Link - Report abuse 0Cat food: Menu del Dia since 2014
Bhaaahahaha!
28 Sussie
Mar 18th, 2014 - 05:01 am - Link - Report abuse 0“Sussie”,
Do you remember your words... ?
“My parents sent me to USA. Here I have to work real hard turning lots of tricks, lots of man...sometimes 15 a day. ”
Sussie why are you really in the USA?
Mar 18th, 2014 - 07:01 am - Link - Report abuse 0Is it really because your parents forced you to become a prostitute?
Have you spoken to the police about this?
Sex - trafficking is taken very seriously and there are charitable organisations to help victms like you.
Good luck!
Argentina never might pay its debt, so have these words in your little mind!
Mar 18th, 2014 - 04:43 pm - Link - Report abuse 0No debt repayments from Argentina means.....
Mar 19th, 2014 - 06:16 pm - Link - Report abuse 0No more credit for Argentina.
Which will mean a failed economy in Argentina.
It really is that simple.
Result? Cat food: Menu del Dia in Argentina from 2014
Bhaaahahaha!
33 ilsen
Mar 19th, 2014 - 11:32 pm - Link - Report abuse 0Here's “Sussie” again, oh dear...
”...now my arse get screwed all day by many men and some don’t pay just
Bang, bang, bang, pppuuurrrrfffffffffffffffffffffffffffffffffffffffffffffff!
Drip, drip, my poor rossy arse.”
Look at post #31
http://en.mercopress.com/2012/08/24/cristina-fernandez-in-good-health-condition-but-still-in-rest-and-recovery
What a nut bar!!
Comment removed by the editor.
Mar 20th, 2014 - 12:09 am - Link - Report abuse 035
Mar 20th, 2014 - 04:59 am - Link - Report abuse 0“Argentina have survived worst times and I did not see anyone eating
'cat food'... ”
It will be much worse this time - yum yum, Meow Mix !!!
I'm not sure which is responsible, Argentina or the USA, but whichever education system produced the garblings of Sussie, they should be ashamed.
Mar 20th, 2014 - 05:33 am - Link - Report abuse 0Sussie is a clockwork toy.
Mar 20th, 2014 - 06:19 am - Link - Report abuse 0Wind her up and let her go.
Weeeeee!!!!!!!!!!!!
It can't be the USA, the some words she uses aren't used here. My guess she's an Rg that has never been here.
Mar 20th, 2014 - 03:32 pm - Link - Report abuse 039 Yankeeboy
Mar 20th, 2014 - 11:41 pm - Link - Report abuse 0I agree, she doesn't speak “US English”, different diction, but just throws in a few “American” catch- phrases, much like some pompous show- offs on MP like to sprinkle their English with foreign words and expressions - c'est vrai, Think?
Mange tout, mange tout Rodney
Mar 21st, 2014 - 03:14 am - Link - Report abuse 0I think she learned to speak English from television - Beevis & Butthead.
Mar 21st, 2014 - 12:32 pm - Link - Report abuse 040. Except the catch phrases are never quite right either.
Mar 21st, 2014 - 12:46 pm - Link - Report abuse 0Commenting for this story is now closed.
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