MercoPress. South Atlantic News Agency
Griesa appoints mediator for talks between Argentina and holdout hedge funds
New York district court judge Thomas Griesa on Monday appointed a Manhattan attorney to supervise talks between Argentina and hedge fund holdout bondholders after the government of President Cristina Fernandez asked him to organize negotiations with its creditors. Read full article
Comments
Disclaimer & comment rulestalks, that is what the holdouts propose since years. but with the result of HOW to pay, not IF to pay.
Jun 24th, 2014 - 08:04 am - Link - Report abuse 0bloody args with their delaying tactics.
Every dollar the Argentine govt spends on legal and associated fees on this matter is a dollar that could be more productively used to reduce its debts.
Jun 24th, 2014 - 09:25 am - Link - Report abuse 0Agreed,
Jun 24th, 2014 - 09:31 am - Link - Report abuse 0with all the money wasted of court fees , lawyers fees, expenses ,
they could just as easily paid off a large chunk of it.
“Buenos Aires has alternately threatened..........”! Argies just don't get it. They lost! The law, and justice, has prevailed. Tell the cowardly 93% scumbags they'll have to wait. Sometime in the next 36 days. If they're lucky. Mind you, couldn't those out-of-pocket bondholders start their own legal action on the grounds that they were forced into the “restructuring” under duress? Or perhaps they could sell to that nice Mr Singer. Who now has precedent on his side!
Jun 24th, 2014 - 10:31 am - Link - Report abuse 0Good move by Griesa, the costs of which should be borne by the argies, otherwise they could just pay up and be done with it!
Jun 24th, 2014 - 11:50 am - Link - Report abuse 0These cretins will NEVER bow to legal force; they will have to be dragged kicking and screaming to give up every asset of The Dark Country to NML, et al. At the end of it they will look what they are: weak, feeble and finished.
GOOD.
@1-5
Jun 24th, 2014 - 12:34 pm - Link - Report abuse 0I know for a fact I am young enough that within my lifetime I WILL SEE a broken, destitute, debt-ridden Britain (or what's left of it). And I will be so happy to see it, when your children or grandchildren get absolutely NO MERCY and are sold as slaves to China to pay off the Disunited Kingdom's debts.
Because it will happen, given your debt levels and economic/demographic trajectory.
I will be the first one cheering that you brits are treated like cattle, sold, and starved until you pay every single last cent.
Trolley
Jun 24th, 2014 - 12:45 pm - Link - Report abuse 0We have very little international debt..I am sorry this confuses you. The UK national debt is predominantly held by UK citizens.
Poor trolley..you know for a fact do you...hahahahahahhahaha!!!
6 Nostrils The Homeless
Jun 24th, 2014 - 12:55 pm - Link - Report abuse 0Nostrils,
You will be homeless soon.
Your mother will lose her job, and when your mother dies of despair and the arduous physical menial work to support her callous son, you will have nothing.
I would hope you would feel guilt, but I doubt you could accept that - it is somebody else's fault.
You are an unfeeling son.
6
Jun 24th, 2014 - 01:11 pm - Link - Report abuse 0Argentines are already slaves to China they just can't see it ... but you can always rely on your quality friends like Venezuela to stand by you.
Here we go.
Jun 24th, 2014 - 01:14 pm - Link - Report abuse 0Norman BATES is back!
They are getting really desperate now. A full page advert in the English Times newspaper, identical to the ads in the US newspapers.
Jun 24th, 2014 - 01:33 pm - Link - Report abuse 0If we are so insignificant Toby Tit Troll please explain why your desperate country is whingeing and whining in OUR newspapers?
As Troy says get ready for a perfect economic storm in which your dark country flounders. No more visits to MacDonalds or the safari park, no more baked beans for tea, imports will stop, internet cut off. It will be hell!
@8 Callous son, indeed. He wouldn't even share his takeaway barbecue with his mother and calls her a gold digger. She must be so proud.
Jun 24th, 2014 - 01:48 pm - Link - Report abuse 0TTT doesn't have a clue about the world outside of his bedroom.
The Argentine government should grasp this lifeline of mediation with humility. They lost and the winners, NML, have no obligation to discuss anything with Argentina other than swift payment.
I wonder if any Argentines realise that if they had been more humble, and their bonkers President had kept her mouth shut, they may have won the moral ground. As it is, they even lost that.
@12 ElaineB
Jun 24th, 2014 - 03:06 pm - Link - Report abuse 0Indeed. You can't claim to be broke then have your President run around and tell everyone that Argentina has loads of reserves.
She really shot herself in the foot over that one. I wonder if they actually realise that things they say to the Argentine public can be heard and read OUTSIDE of Argentina too?
Probably not as they are stark raving mad.
12 Elaine
Jun 24th, 2014 - 03:09 pm - Link - Report abuse 0“@8 Callous son, indeed. He wouldn't even share his takeaway barbecue with his mother and calls her a gold digger. She must be so proud.”
Elaine,
I'm sure Nostrils will lament the loss of his Internet more than his Mummy.
...Until he gets hungry, of course
:-)
Delenda Cartago est!
Jun 24th, 2014 - 03:25 pm - Link - Report abuse 0@15
Jun 24th, 2014 - 03:56 pm - Link - Report abuse 0Good luck with the world cup, you have sweet F**K all to look forward to.
@6 Poor child. Frightened are you? So you should be. Britain has not “failed” in over a thousand years. Argieland has failed SEVEN times in less than 200 years. By any reasonable definition, argieland is shite. And, in the years to come, Britain will make sure that argieland suffers. Do you think it's admirable to support your shiteheap? Maybe. On the other hand, try honesty. A word you don't understand!
Jun 24th, 2014 - 04:13 pm - Link - Report abuse 0“Griesa named Daniel Pollack as “special master to conduct and preside over settlement negotiations” in the case”
Jun 24th, 2014 - 04:16 pm - Link - Report abuse 0Who pays for this mediator? The American taxpayers?
I hope NML and Argentina are paying for the mediator.
#6
Jun 24th, 2014 - 04:50 pm - Link - Report abuse 0I will be the first one cheering that you brits are treated like cattle, sold, and starved until you pay every single last cent.
We would have two options:-
The Argentinian method of debt repayment....refuse to pay.
OR invade Argentina, take over your country, civilise it and make it prosperous.
19. That's what I keep telling him.
Jun 24th, 2014 - 05:15 pm - Link - Report abuse 0:)
Why doesnt the gov't recognize that it has less than 13 Bn of reserves if they dont want to pay the rest of the 6% holdouts??
Jun 24th, 2014 - 05:16 pm - Link - Report abuse 0They are now going to the UN. The level of groveling the kircherites are lowering themselves too knows no bottom. If it were not so pathetic it would be funny. All of their lies are getting caught in one net. Asslips stolen money can pay off the holdouts.
Jun 24th, 2014 - 06:08 pm - Link - Report abuse 0Trolly.lol
Jun 24th, 2014 - 06:19 pm - Link - Report abuse 0now your pushing your wheels to the limit..lol
@18
Jun 24th, 2014 - 06:24 pm - Link - Report abuse 0They are, but Argentina says they will only pay 25% of his costs, in their words, he can take it or leave it, what do they ferkin care!
#6
Jun 24th, 2014 - 06:25 pm - Link - Report abuse 0Demographic and economic trajectory?
http://www.spectator.co.uk/features/9039871/why-britains-economy-will-overtake-germanys/
If you want to talk about debt, we can talk all we like about Argentina.....
The uk debt is serviceable due to the output it has. The problem you don't understand is the uk has been in worse economic positions in the past and prevailed. Given the report above in theory we will have a bigger tax base to accommodate our expenditure and be even more successful.
Btw the only country which believes in selling peoples basic human rights for economic reasons these days is the one attempting to take over the falklands....
The bit that continues to confuse Trolley is the UK National Debt.
Jun 24th, 2014 - 06:43 pm - Link - Report abuse 0He seems to believe that the UK has a net debt to foreigners. This simply is not true.
Firstly, 2/3 of the Uk National debt is owned by UK citizens and their pension funds. This 2/3 is a win:win....pension funds get a small but extremely safe return, the UK government gets capital. How that 2/3 could ever end up with our grandchildren being sold to slavery to China????? Only in trolleys mind.
The final 1/3 is owned by international funds. This is a sizeable sum of money. However, it also shows that these international funds recognise the security of UK bonds.
For the complete picture, we need to look at the size of international investments of UK funds, who invest in government bonds around the world.
So, it is pretty safe to say, that the Uk can service its internal national debt, and indeed it's international debt...because its own investment funds amount to greater than the debt.
It's terribly sad that poor Trolley is so lost, so bitter, so destroyed by the failure of his countries government, he is lashing out and wishing the worst on his perceived enemy.
His really enemy is of course the evil, corrupt scum his people have voted for.
Shame on them and him.
@26
Jun 24th, 2014 - 06:47 pm - Link - Report abuse 0You are mentally ill, as are all Britons. YOU brutish morons were the ones saying Italy for example is screwed because of their debt, and when I explained to you all that almost all Italian debt is owed by Italians, you guys told me it didn't matter.
Now it does matter?
You are screwed, and they are screwed. Mark my words and I will love it when you all FREEZE.
Norman.
Jun 24th, 2014 - 06:57 pm - Link - Report abuse 0Mummies calling, you had better take her tray up, there's a good boy.
@27. You will never see that so get a job and apologise to your mother.
Jun 24th, 2014 - 07:00 pm - Link - Report abuse 025)
Jun 24th, 2014 - 07:00 pm - Link - Report abuse 0The underlying concept of that article seems to be keep on bringing in immigrants into the UK in the hopes of surpassing the German economy rather than improving the productivity of your economy.
#27
Jun 24th, 2014 - 07:28 pm - Link - Report abuse 0What makes you think you will last that long ?
The way you are ranting you must be a good candidate for a cerebral embolism ?
#30
Jun 24th, 2014 - 07:32 pm - Link - Report abuse 0Correct, but the debate @6 was about demographics of the uk.
The productivity/growth will be whatever it is at the time, like all countries. But you still need a population base to fuel your potential economy and fund the state.
The article is just stating the increase in population sizes coupled with the growth estimates makes the uk future prospects looking rosy.
Surprise Surprise NML doesn't want another stay. They told Griesa there's plenty of time to negotiate before June 30th and if they've made real progress they can consider it at a later date.
Jun 24th, 2014 - 07:40 pm - Link - Report abuse 0Are they reading my posts?
It is hard to negotiate when you have nothing to offer.
I guess Griesa appointed him because of the thumping headache he was getting from Argy incessant whining and whingeing about how poor they were.
Jun 24th, 2014 - 09:15 pm - Link - Report abuse 0@ 34 Jmackiej
Jun 24th, 2014 - 09:56 pm - Link - Report abuse 0That coupled with the horrendous prospect of having TMBOA “join” the negotiations.
:o)
@34
Jun 24th, 2014 - 09:57 pm - Link - Report abuse 0The mediator is from Manhattan, in the pockets of the financials like everyone else in that corrupt plutocracy of NorthAmia.
It would be really nice if Argentina's friends in LATAM and MERCOSUR rallied round and helped their poor friend and organised a whip round. A few million dollars here and a few million there from each should sort this problem out once and for all. And then Argentina can pay them back ... let's say in August (2014) or whenever they can.
Jun 24th, 2014 - 10:01 pm - Link - Report abuse 036. You'd be hard pressed to find anyone as corrupt as an Rg.
Jun 24th, 2014 - 10:17 pm - Link - Report abuse 0Methinks, that's why your Prez and minions are like fish out of water in the USA.
Look, NorthAmia is a land where the rich have far more rights enshrined in LAW (much different and FAR worse from other countries where the rich have more rights because they are rich): they legally pay fewer taxes than the poor, and in law have better rights in court than the poor.
Jun 24th, 2014 - 10:20 pm - Link - Report abuse 0That is beyond dispute.
That's simply not true and I'd love for you to show me links.
Jun 24th, 2014 - 10:44 pm - Link - Report abuse 0In Argentina I used to have to pay $20 to get home from the HWY to my house every Fri/Sat or have my car searched by the 2 cops that sat at the hwy exit to Liberatador going to Znorte.
I used to have to “tip” people to get to the front of the line when my electricity went out, when my internet went out etc etc etc.
Argentina is nearly the most corrupt country in the world by every measure. Without dispute.
White collar corruption is the same as blue collar corruption.
Jun 24th, 2014 - 10:49 pm - Link - Report abuse 0We are talking about a country (yours) where CORPORATIONS where declared “citizens” a couple of years back.
Not only that corporations can now tap PUBLIC funds to avoid bankruptcy.
Can individual Americans tap public funds when they are in risk of bankruptcy?
By any measure, the USA is the most well established plutocracy in the world today.
Your examples have nothing to do with corruption. Try again.
Jun 24th, 2014 - 10:55 pm - Link - Report abuse 0In your country the first thing people told me was NEVER let a Gov't person or Police on your property. They will steal from you.
It is a known fact that every business must pay for “police” protection. In fact when I was looking to buy a restaurant the guy had a list of everyone he had to pay off on a weekly basis and the amounts due!
Filthy country.
why would the GDB of a resource rich country of 40 million be so far behind the anglo countries that some Latams despise so much
Jun 25th, 2014 - 01:30 am - Link - Report abuse 0http://world-statistics.org/result.php?code=NY.GDP.PCAP.KD?name=GDP per capita (constant 2005 US$)
@43
Jun 25th, 2014 - 03:12 am - Link - Report abuse 0Where is Argentina resource rich? We have no resources left, that is why in part the economy has declined since 1960.
The wall street robber baron singer does not want to negotiate. He wants to steal from the 93%. He should be in gaol with all the other wall street crooks after 2006.
Jun 25th, 2014 - 06:59 am - Link - Report abuse 045 Hepatia posing as a Brit
Jun 25th, 2014 - 07:16 am - Link - Report abuse 0yawwww nnnnn...
same old record, Hepatia ?
45. You might want to know the Italian and Argentinian holdouts have joined the “negotiations” along with 13 other investment funds.
Jun 25th, 2014 - 10:45 am - Link - Report abuse 0Smells like default is brewing to me
@47
Jun 25th, 2014 - 01:16 pm - Link - Report abuse 0Then you are all dumber than I ever thought?
What do they all win by Argentina defaulting? They won't see the money, even less by forcing a default, and the VAST majority of foreign nations will not allow seizing of Argentine assets, you even know that and even the most conservative analysts know that (HUGE difference between “exploration” of assets and actually going after them). And even if they did allow exploration, AND seizing, it would all still need to court in the local jurisdiction no matter what US law said. And then EVEN if all that happens and the asset is liquidated, who gets what?
hahahaha... they have no hope and they are dumber than I thought letting a vendetta get in the way of making money. Poor bastards.
45 why have you not answered my question about your “grandmother” that it does not bother you that for every $100 she gave Argentina she was returned $23? That is a good investment for your grandmother?
Jun 25th, 2014 - 01:59 pm - Link - Report abuse 0@27
Jun 25th, 2014 - 02:19 pm - Link - Report abuse 0I think you will find that it is you who are 2mentally ill“...please show any comment made by me that said Italian debt being owned by italians ”didnt matter” or that itd lead their children being sold to the Chinese as slaves.
Only in your warped fantsy mind...lost and destroyed by your own sickness.
A proud Argentine finally realising their is oly shame.
48. We will see. I would bet the USA courts and our treaties with the civilized world will allow for a lot more assets to be seized than your gov't expects.
Jun 25th, 2014 - 02:27 pm - Link - Report abuse 0We have very long financial arms.
Read about Credit Suisse if you think I am wrong. They're freaking out because we are threatening them to cease trading in U$. Which will bankrupt them.
Credit Suisse is much more influential than barking mad Rgs.
48. You are against defaulting now?? I did agree with you on that one
Jun 25th, 2014 - 03:44 pm - Link - Report abuse 0poor ignorant Trolley thinks its a vendetta and he is a victim...
Jun 25th, 2014 - 04:59 pm - Link - Report abuse 0in trolleys world...
I lend you £100, You waste it...I ask for my £100 back, you refuse,...I take you to court and win, you refuse....You offer £20.
Apparently, if I say no...I want my £100 I have a vendetta that stops me from making money...pmsl
Trolley, you are a fucking loon mate....sad to say, from what we see a typical Argie...dishonest, ignorant and always the victim.
53
Jun 25th, 2014 - 05:57 pm - Link - Report abuse 0I agree, but there is one small detail, Argentina wants to pay its debts by taking ever more debts... Somebody is accepting those bonds of a serial defaulter. It goes the two ways
@27. Listen up, dumbo. Won't be freezing. It's summer. Hot as well. And when the winter comes around? Remember all that energy you've bought? We'll nick it. It arrives by sea. We have a navy. You don't. See how it works?
Jun 25th, 2014 - 06:17 pm - Link - Report abuse 0@36. So? He's the court-appointed mediator. That's the court's right!
@39. So?
@41. So?
@44. Didn't you tell us you were self-supporting? Didn't need anybody? Wanted to be isolated? Get on and prove it. The important thing is that WE don't need YOU and WE don't care if YOU die.
@45. Good! I cheer for him to take every penny. Granny probably needs to snuff it and let proper people have everything she “owns”.
@48. With a bit of luck, a couple of months from now, you will have NOTHING. Ever watched what all the countries that hate you can do? Here's a tip. Russia doesn't dare go too far! What chance would little shiteland stand?
@54 there is also the problem that Argentina's debt has grown so large it can't be paid in full, not anytime soon. We even have trouble meeting its interests. It is obvious for everyone in Argentina that the debt is unpayable. Sooner or later a large chunk must be either pardoned or paid over a very long time with very low interests. The REAL problem is that Argentina can't cut spending enough, or else there will be civil war. It won't be as easy for the IMF to impose austerity as in Spain, Italy and Greece. Here the poor are far more violent and they can and will wage war.
Jun 25th, 2014 - 06:59 pm - Link - Report abuse 056 MM
Jun 25th, 2014 - 07:14 pm - Link - Report abuse 0who will they wage war against, the Government?
-the bankers?
-the Peronists?
- foreigners?
- Oligarchs ?
IF and its a big if, and only with USA consent the IMF will bail out Argentina but they'll put the U$ on a slow and steady trickle based on budgets laws and improvements regardless of what happens to your population.
Jun 25th, 2014 - 07:29 pm - Link - Report abuse 0I think you need a civil war.
You county is not smart enough or honest enough to have what you like to call democracy.
A civil war would do you good.
Maybe you'll learn that you should live like a Bolivian if you are going to be as productive as a Bolivian.
You've never seem to have learned that.
and it is time.
@MM
Jun 25th, 2014 - 08:47 pm - Link - Report abuse 0Have you seeen the link were it said Argentina only pays 30% of the interests it should be paying and wee are not even ppaying back capital of the loans??
Im not so sure the poor can rage “war”. After all they already lost in the 60's
59. Restating the GDP and Inflation linked bonds is going create another wave of lawsuits.
Jun 25th, 2014 - 09:34 pm - Link - Report abuse 0The won decade is going to cost you 2 generations of poverty.
No, there will be no civil war.
Jun 25th, 2014 - 09:45 pm - Link - Report abuse 0The mafia and the peronistas have seen to that. The “citizens”, if that is the correct title for all the lazy sods watching the free futbol and waiting for their next handout, have no stomach for it and the armed forces are a bunch of poofters led by donkeys if the videos are to be believed.
The mafia will install “the president” and control him / her just like now.
@57 CFK has already been making nationalist speeches. 'The world is against Argentina' is the theme when we all know it is Argentina trying to pick a fight. The world doesn't give Argentina much thought except when there is a World Cup.
Jun 26th, 2014 - 11:54 am - Link - Report abuse 0Civil war? I can't see them fighting in the streets but I could see some provinces wanting to break away from BsAs control.
On flag day her speech seemed like something from Hitler with her bused in audience and cheers after each sentence.
Jun 26th, 2014 - 02:47 pm - Link - Report abuse 063 Capt Poppy
Jun 26th, 2014 - 03:40 pm - Link - Report abuse 0Did she address the spectre of Default??
Are people worried or talking about it?
What are regular people saying about her,now?
Most people just want the government to man up and pay their bills.....at least in the circle I associate with......that is....working class. They arw all sick of her. They do make fun of her whining and plastic surgeries.....lol
Jun 26th, 2014 - 03:50 pm - Link - Report abuse 0@64 The people who aren't watching the World Cup are confident CFK will make a deal with the holdouts. I think the media is being optimistic in order not to panic the people while they make their usual preparations. And the people swallow everything whole, after all, Clarin can't possible lie if CFK says Clarin lies!
Jun 26th, 2014 - 04:38 pm - Link - Report abuse 065
Jun 26th, 2014 - 05:43 pm - Link - Report abuse 0Thx Poppy
66 Magnus
“...the people swallow everything whole, after all, Clarin can't possible lie if CFK says Clarin lies!”
Ha ha, weird logic, but so likely to be true!!
:-D
@58 Peronists won't learn, they laugh at all the people who think capitalism rewards productivity... that is how they see the world and they will always see it this way.
Jun 27th, 2014 - 06:04 pm - Link - Report abuse 0@61 without loans where are they going to get the money they need and they want from?
68. In Argentina the Peronistas are correct that capitalism doesn't work. The gov't and the crazy policies makes it so.
Jun 28th, 2014 - 12:08 pm - Link - Report abuse 0Eventually the population will demand that relations become normalized with the rest of the world.
It will probably take a few cold winters with blackouts and street fighting over day old bread. Just like what is happening in Venezuela now.
So give it a couple more years. The debt isn't going anywhere. The interest and penalties keep accruing.
The only losers are the middle class and poor Argentinians and nobody cares about them.
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