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US calls on Argentina “to normalize relations with all bondholders”

Wednesday, October 1st 2014 - 08:09 UTC
Full article 14 comments

While the US State Department again called Tuesday on Argentina 'to normalize relations with all its bondholders’, the government of President Cristina Fernandez deposited a 161 million dollars bond interest payment with a newly appointed local trustee on Tuesday, defying a U.S. judge who held Argentina in contempt of court on Monday for taking illegal steps to meet its debt obligations. Read full article

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  • reality check

    Argentina dictates that the American Executive should “control” the actions of its judiciary and they consider dignifying it with a reply.

    No reply, is the correct response to such an insulting communication.

    Oct 01st, 2014 - 09:11 am - Link - Report abuse 0
  • chronic

    What's funny is that rotting roadkill's bravado has cost the dark place more in lost gndp and reserves than what settling with Singer would have cost it.

    rotting roadkill, your Gringo Amigos salute you for your self inflicted destruction. Salute!

    Oct 01st, 2014 - 10:06 am - Link - Report abuse 0
  • Conqueror

    This could be fun. Watching how far the authority of the U.S. judiciary, and that of Judge Griesa, extends. My guess is that it's a long way. For instance, U.S. and U.K. judiciaries tend to take each other's judgements into account. They are both founded on the same basic law. Argieland is underming the whole world. The world won't be too keen on a thief doing that. Argieland IS going to suffer.

    Oct 01st, 2014 - 10:33 am - Link - Report abuse 0
  • Briton

    Well suffer she may well,
    but one suspects that her new friends China and North Korea may well give some comfort,
    and the poor people will get it in the neck..lol

    Oct 01st, 2014 - 10:54 am - Link - Report abuse 0
  • malen

    Arg offers to pay and pays to more tan 90 %.
    7 % are especulating, thats different.

    Oct 01st, 2014 - 11:09 am - Link - Report abuse 0
  • ElaineB

    @5 Seriously? That is your understanding of the situation? No wonder CFK gets away with it, you are another gullible Argentine.

    Oct 01st, 2014 - 12:12 pm - Link - Report abuse 0
  • yankeeboy

    In civilized countries Speculating is not illegal and is in fact admired.

    Oct 01st, 2014 - 12:14 pm - Link - Report abuse 0
  • Anglotino

    “...state-controlled Nacion Fideicomisos, acknowledged little of the deposit had been transferred to creditors.”

    Bahahahaha

    Oct 01st, 2014 - 12:23 pm - Link - Report abuse 0
  • yankeeboy

    8. The few xfers that happened where probably gov't entities and gov't cronies.
    Its logistically impossible for them to xfer in enough % that they won't be in default in another 29 days.
    I can't wait
    Cross default should be even more fun to watch

    Boy that noose is tight

    Oct 01st, 2014 - 01:23 pm - Link - Report abuse 0
  • reality check

    Argentina pays the 90% an average of 27% of what you OWE them without interest. An imposed, not negotiated settlement, so you don't even have that moral card on your side.

    Two hedge funds and the remaining 10% want ALL the money back that you OWE them, because that was what you said you would pay.

    Personally, I could not give a shit if your happy to be renown throughout the world as a bunch of dishonest cheats, who consistently demonstrate an inability to honour anything you put your signature to, especially legal documents.

    Just don't play the victim, because thats just showing contempt for people's intelligence and people don't like that.

    Oct 01st, 2014 - 01:52 pm - Link - Report abuse 0
  • ilsen

    For the USA, this is a very, very minor irritation.
    Almost irrelevant.

    Oct 01st, 2014 - 09:57 pm - Link - Report abuse 0
  • commonsparrow

    Deposit to your hearts content. No one will receive. Foreign financial intermediaries still want to do business in the US, so they aint helping the receivers out....

    Oct 01st, 2014 - 11:13 pm - Link - Report abuse 0
  • malen

    It doesnt matter to you the arrengement it has been made with 93%. If you are given dollars, at this moment is very convinient (now 15, in 2005 more o less 3$).

    Oct 02nd, 2014 - 12:33 pm - Link - Report abuse 0
  • Conqueror

    Meanwhile argieland gets offended. http://www.telegraph.co.uk/news/worldnews/southamerica/argentina/11135641/Jeremy-Clarkson-offends-Argentina-with-Falklands-war-numberplate-stunt.html
    I rarely agree with Clarkson, but this time I do. The slags of argieland tried to steal and “cleanse”. Fortunately, Britain was able to really “cleanse”. Most shit could be disposed of. But we made a mistake. What we should have done was to take the argie cowards aboard our ships, note that they were unwanted, and then throw the bacteria overboard.
    At this moment, argieland should be regarded as effluent. How is this a problem? Argieland has been effluent for 200 years. Pour on the bleach. Destroy shit.

    Oct 02nd, 2014 - 01:30 pm - Link - Report abuse 0
  • Leiard

    How to Collect Argentina Bond Payment Is an Unsolved Riddle.

    While Argentina has deposited $161 million with a local bank in downtown Buenos Aires to make good on an interest payment due Sept. 30, the government hasn’t given bondholders any instructions on how they can go about collecting their cash, said Emso Partners Ltd., which owns Argentine notes.

    http://www.bloomberg.com/news/2014-10-02/how-to-collect-argentina-bond-payment-is-unsolved-riddle.html

    Oct 02nd, 2014 - 08:37 pm - Link - Report abuse 0

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