Argentina

Friday, August 8th 2014 - 07:09 UTC
Griesa summons hearing for Friday; Argentina launches proceedings against the US in The Hague

New York District judge Thomas Griesa has scheduled a hearing at 4 pm local time on Friday to address Argentina's recent public statements over their attempts to pay creditors, a court official said. Representatives from both Argentina and holdout investors have been called to the hearing, which will take place in New York.
Thursday, August 7th 2014 - 07:22 UTC
Global system used for sovereign-debt workouts remains badly in need of repair

By Kenneth Rogoff (*) - Argentina’s latest default poses unsettling questions for policymakers. True, the country’s periodic debt crises are often the result of self-destructive macroeconomic policies. But, this time, the default has been triggered by a significant shift in the international sovereign-debt regime
Thursday, August 7th 2014 - 07:02 UTC
Argentina closer to contempt of court as it suggests bondholders to change paymaster

New York district judge Thomas Griesa and the Argentine government are again on the collision course: while the magistrate has ordered the Bank of New York Mellon to retain the funds deposited by Argentina to pay exchange bondholders and declaring the payment “illegal”, the Ministry of Economy in Buenos Aires suggested bondholder should change BONY for a new intermediary institution.
Thursday, August 7th 2014 - 06:53 UTC
Argentine football has new president; HQ raided on court's order

Argentinos Juniors and interim Argentine Football Association president Luis Segura has been ratified in the AFA post until October 2015, as confirmed following the first meeting of the body's executive committee since the passing of late chief Julio Humberto Grondona.
Thursday, August 7th 2014 - 06:01 UTC
“Malvinas dialogue” demands Argentine Patagonia governor in Wales

Underlining the close links between Wales and Argentine Patagonia, where many Welsh immigrants settled for the first time 150 years ago, Chubut governor Martin Buzzi called on the British government “to open a dialogue on the Malvinas Islands”.
Wednesday, August 6th 2014 - 08:28 UTC
Plaza de Mayo Grand-mothers head finally gets to know her kidnapped grandson born in captivity

The 83-year-old head of the Argentine human rights movement which works to track down babies stolen by the country's brutal 1976-83 military dictatorship has found her grandson after a 35-year search, a relative said on Tuesday.
Wednesday, August 6th 2014 - 08:02 UTC
Argentina will demand Citibank and BONY to pay exchange bondholders

The Argentine Government will formally demand that Citibank and the Bank of New York Mellon pay exchange bondholders, the Economy Ministry informed on Tuesday in a press release.
Tuesday, August 5th 2014 - 07:14 UTC
Argentina planning to question Judge Griesa before the International Court of Justice

Argentina's Legal and Technical Secretary to the Presidency Carlos Zannini is overseeing a group of experts in international law as they draft the suit the government of President Cristina Fernandez will file against US Judge Thomas Griesa’s ruling on full repayment to holdout bondholders at International Court of Justice in the Hague, according to Noticias Argentinas-
Tuesday, August 5th 2014 - 07:10 UTC
Cristina Fernandez pledges “to adopt the most suitable measures for Argentina”

Argentine President Cristina Fernandez said on Monday that she would only take decisions that benefitted the overall health and stability of the Argentine state, as she called on the country to defend the achievements of the last 10 years.
Tuesday, August 5th 2014 - 06:54 UTC
Griesa praises Pollack's 'great skill” and reveals he directed the use of 'default'

U.S. District Judge Thomas Griesa on Monday turned back an effort by Argentina's government to remove the court-appointed mediator in the dispute with creditors that triggered a 'selective default' situation by the country last week. He also revealed that the default condition was at his direction and was 'accurate'.