Argentina

• Monday, September 29th 2014 - 08:39 UTC

  Argentine stats on economic growth again come under suspicion

  

  Argentina’s government released some hopeful economic statistics last week with numbers showing that the economy climbed out of recession in the last quarter. But with skepticism over the numbers, combined with a free-falling peso, in light of Argentina’s debt dispute with holdout creditors, economists still have a grim outlook the Mercosur member economy.

• Saturday, September 27th 2014 - 09:24 UTC

  Argentina lashes Griesa for not making a final decision on the Citibank dispute

  

  Argentina's Economy minister Axel Kicillof lashed out at US Judge Thomas Griesa after he authorized Citibank a one-off payment of Argentine bonds' coupon next Tuesday saying he once again failed to address the heart of the issue and also in fact recognized that bonds under Argentine law do not belong to his jurisdiction.

• Saturday, September 27th 2014 - 09:12 UTC

  Griesa allows Citibank to process a one-off payment of Argentine bonds

  

  US District Judge Thomas Griesa has enabled Citibank to process a one-off payment on US dollar-denominated bonds issued under Argentine law, during a hearing held at Manhattan federal court on Friday.

• Saturday, September 27th 2014 - 08:13 UTC

  Guest post: the UN is not the solution for a rogue debtor

  

  By Arturo Porzecanski of American University (*) - Jose Antonio Ocampo, a former United Nations official and co-president with Prof. Joseph Stiglitz of Columbia University’s Initiative for Policy Dialogue, which promotes the adoption of heterodox economic policies in developing countries, recently wrote a guest post welcoming a UN General Assembly resolution calling for the launch of negotiations on a multilateral framework for sovereign debt restructuring.

• Saturday, September 27th 2014 - 07:59 UTC

  UN Human Rights Council sides with Argentina condemns 'vulture funds'

  

  The United Nations Human Rights Council meeting in Geneva on Friday adopted an Argentine-fueled resolution which condemns the so called 'holdouts' or “vulture funds”, currently in a legal dispute against the country.

• Saturday, September 27th 2014 - 06:11 UTC

  US/Argentina are going through 'a difficult period'; Timerman downplays situation

  

  US Assistant Secretary of State for the Western Hemisphere Roberta Jacobson has said the bilateral relationship with Argentina is going through a “difficult period”, but stated the legal battle between that country and holdouts is not a “political problem” but a “judicial problem.”

• Friday, September 26th 2014 - 16:44 UTC

  Germany takes distance from 'holdouts' controversy and praises Argentina

  

  Angela Merkel’s administration attempted to lower tensions with the Argentine government on Thursday following controversial statements made by German Finance Minister Wolfgang Schauble regarding the so called 'holdouts' or 'vulture funds' conflict.

• Friday, September 26th 2014 - 06:26 UTC

  Argentina tightens security on all air flights: requested info must be delivered 72 hours before take off

  

  The Argentine government announced that airlines for both commercial and non commercial flights will be required to deliver further information of its passengers to the National Migrations Office, the AFIP tax bureau, Airport Police and Civil Aviation National Administration (ANAC).

• Thursday, September 25th 2014 - 06:34 UTC

  Cristina Fernandez claims holdouts are committing “economic and financial terrorism”

  

  Argentine President Cristina Fernández accused holdout investors of committing “economic terrorism” and reiterated her wish for a multi-lateral framework to regulate sovereign debt, during her speech before the United Nations 69th General Assembly on Wednesday.

• Thursday, September 25th 2014 - 05:17 UTC

  Argentina must explain to Judge Griesa why it is not in contempt of court

  

  New York district judge Thomas Griesa has asked Argentina to show cause and explain why the country should not be declared in contempt, following its decision not to pay holdout investors full amount for their defaulted bonds as the judge’s ruling ordered on August 8.