MercoPress. South Atlantic News Agency
US calls on Argentine government to seek 'practical solutions' with holdouts
Kevin Sullivan, US interim ambassador in Argentina affirmed on Thursday that the country must seek “practical solutions” with the 'holdouts' or the so called vulture funds over defaulted bonds. Read full article
Comments
Disclaimer & comment rules”the most important thing now is to look out for practical solutions.”
Aug 01st, 2014 - 06:11 pm - Link - Report abuse 0They have. The Argentine's practical solution is not to pay up and whinge to everyone that 'it's not our fault we borrowed the money, it's someone elses' and avoid everything to resolve the problem by burying their heads in the sand and denying their is a problem.
After all, it is the good people of Argentina that will suffer, not the rich politicians who can't deal with reality.
'practical solutions'
Aug 01st, 2014 - 07:59 pm - Link - Report abuse 0get rid of CFK, that's a start..
'please, do not help us because it makes the situation worse',
Aug 02nd, 2014 - 01:36 am - Link - Report abuse 0You see, paying the bond holders who settled the real amount of the bonds they purchased would be a terrible problem.
Argentina paying what they said they were going to pay would be a terrible problem. The banks are making this terrible problem.
@3 Argentina can't pay what it promised to pay, it's completely unfeasable and everyone (except maybe Griesa) knows it. Triggering RUFO would be a financial catastrophe for Argentina comparable to Germany's war reparations after WWI, maybe even worse.
Aug 02nd, 2014 - 03:43 pm - Link - Report abuse 0Kev Babe, what did you do to get billetted to RG? On the land mass to relevancy scale RG is the least significant minor fifedom in the hemisphere. At least you have cheesy pizza!
Aug 02nd, 2014 - 06:18 pm - Link - Report abuse 0Commenting for this story is now closed.
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