President Cristina Fernandez left on Friday for Santa Cruz province, where she will stay for the weekend and analyze New York Argentine/holdouts case briefings. The Argentine delegation returned on Friday to Buenos Aires after two meetings with appointed mediator Daniel Pollack in New York, where no resolution was reached.
Only days away from the July 30 deadline for Judge Thomas Griesa’s ruling over the Argentine defaulted bonds case to become effective, President Cristina Fernandez will analyze the delegations reports of these last meetings.
The president left Buenos Aires at mid day in the Tango 01 presidential plane to Río Gallegos. She is also scheduled to -visit her son Maximo Kirchner and her niece Nestor Ivan in the Patagonian province, according to an official press release.
Earlier on Friday Economy minister Axel Kicillof and Foreign Minister Hector Timerman attended a meeting of the UNASUR South American Council of Economy and Finance where they blasted the speculative funds' holdouts or 'vulture funds'.
Vulture funds’ actions have “systemic effects” that jeopardize the improvement in people’s life conditions that regional countries have managed to reach over the past decade, Kicillof said.
In charge of opening the reunion that took place at the headquarters of the Foreign Ministry in Buenos Aires City, Kicillof called on “central countries” to “play by the rules,” accusing world powers of “validating” “speculative attacks” against emerging economies.
Praising the support of “the majority” of countries to Argentina in its billons' dispute with the holdouts demanding full payment of defaulted bonds, Kicillof kicked off the meeting in which UNASUR officials discussed regional financial integration processes and risks posed currently by the global financial system, focusing on Argentina’s debt restructuring case.