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Montevideo, June 16th 2019 - 04:50 UTC

Italian holdouts, following on Paul Singer, present demand against Argentina

Monday, October 6th 2014 - 07:33 UTC
Full article 15 comments

Italian bondholders filed a complaint order to United States District Judge Thomas Griesa asking to be given the same benefits as Aurelius Management and NML Management, the “holdouts” that were authorized by Griesa to be paid the full debt Argentina has with them. Read full article

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  • chronic

    “The complaint, which was filed on September 25 but was made public this week,”

    If it's a lawsuit filed in Federal Court, it's public record and can be accessed via the Pacer records retreival system immediately.

    Oct 06th, 2014 - 10:10 am - Link - Report abuse 0
  • golfcronie

    Jean Ziegler says “ if the Argentine Government paid in full as the vultures want, it would entail spending cuts causing people to suffer”, My question is where did the US$ 100 billion go? Was it not intended to pull “ the people ” out of poverty. My thoughts are that they would have been worse off if the bondholders had not lent them money. And of course if you borrow money the honourable thing to do is pay it back. Most civilised countries that borrow money pay it back. I am waiting to see if any Argentinian can refute my statement or at the very least tell the world where the money was spent.

    Oct 06th, 2014 - 10:59 am - Link - Report abuse 0
  • ChrisR

    I look at it another way.

    We know where the money was not spent, even though it was designated to be spent for the betterment of Argentina as a whole, not Nestor and TMBOA, et al.

    AND, even if (laughingly) they did not steal it themselves they were mandated to look after it.

    So TMBOA needs to be brought to justice, end of a wire rope?

    Oct 06th, 2014 - 11:26 am - Link - Report abuse 0
  • willi1

    ziegler as most of the critics only speak of the funds.
    they forget the poor people in europe, us, japan who lost their lifelong saved money for the age through the robbing of the ck-gang. personally by k and ck and a man like BAEZ, the money launderer of ck and her criminal robberment gang.

    Oct 06th, 2014 - 11:38 am - Link - Report abuse 0
  • Vectis

    this is more and more of we wont pay and never will, i cant see anyone in there right mind investing in Argentina now which is why CKF has now got money from a loan shark (China)

    Oct 06th, 2014 - 11:58 am - Link - Report abuse 0
  • yankeeboy

    It would really screw up CFK's talking points if the Italian holdouts were included.

    Regardless Argentina doesn't have the U$ to pay for imports much less the bonds.

    Next is another large devaluation which should be just enough to push it into hyperinflation.

    I can't wait.

    Oct 06th, 2014 - 12:15 pm - Link - Report abuse 0
  • reality check

    This can't be true, didn't that Italian lawyer they dragged out, can't remember his name, say that the Italian holdouts supported the Argentine position?

    Oct 06th, 2014 - 01:12 pm - Link - Report abuse 0
  • Z-ville

    @7
    If the Italian bondholders supported the Argentine position they would have agreed to the restructuring. Clearly they didn't.

    The Italian case is very interesting because many of the Italian funds are retirement savings programs of ordinary people, not billionaires.

    Will be much harder for the Whacky Leadership to get in front of a microphone and hurl accusations of greed against poor Italian workers who lost their retirement savings due to the Whacky Leadership's greed and incompetence.

    But I bet they will try anyways...

    Oct 06th, 2014 - 01:21 pm - Link - Report abuse 0
  • Stoker

    “The numbers just don’t add up,” says Alfredo Rodes, executive director of Carbap, the farm association for the provinces of Buenos Aires and La Pampa.
    “The peso is no longer of any use to us as a unit of account. We use our crops as money instead,” he adds, saying farmers were increasingly adopting a barter system to obtain fuel and machinery.
    http://www.ft.com/cms/s/0/f4117d04-4af2-11e4-839a-00144feab7de.html?ftcamp=published_links%2Frss%2Fhome_us%2Ffeed%2F%2Fproduct&siteedition=uk#axzz3FNG3zFTb

    Oct 06th, 2014 - 02:24 pm - Link - Report abuse 0
  • Holdout.from.Germany

    @2 Bravo!

    Oct 06th, 2014 - 03:12 pm - Link - Report abuse 0
  • golfcronie

    Where's Think, he ( the educated one ) can tell us where the US$100 billion went, certainly not to help the poor, have you seen the shanty town they call Buenos Aires? Shame when the Brits invested it was the 6th richest economy. Still thats progress I guess. It must be very rewarding running your own country, just ask the Kirtchers.

    Oct 06th, 2014 - 05:16 pm - Link - Report abuse 0
  • toooldtodieyoung

    11 golfcronie

    More to the point, where is ANY of the usual suspects? They seem to be conspicuous by their absence from this thread.

    Oct 06th, 2014 - 08:07 pm - Link - Report abuse 0
  • Klingon

    Think is at the local La Campora office getting a free choripan.

    Oct 06th, 2014 - 09:50 pm - Link - Report abuse 0
  • yankeeboy

    13. He's too embarrassed to post on any articles about the Rg economy.

    Massive devaluation is coming
    Hyperinflation is next
    Just like I've been saying for the last few years

    I hope they stocked up on laundry detergent to trade.

    Oct 06th, 2014 - 10:50 pm - Link - Report abuse 0
  • dsullivanboston

    “ great international banking like Holdman Sachs”.... Who the hell is Holdman Sachs? Is that like Portman Stanley?

    Oct 06th, 2014 - 11:27 pm - Link - Report abuse 0

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