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.”
Unasur Secretary General Ernesto Samper in his first overseas official trip this week visited Argentina, where he met with President Cristina Fernandez and foreign minister Hector Timerman, and also held a round of political talks and other ministerial meetings.
United States interim ambassador to Argentina Kevin Sullivan was summoned to foreign minister Hector Timerman's office and was informed of ”the profound and firm rejection of the Argentine government to the US diplomat’s inappropriate statements”, according to the statement from the ministry made public on Tuesday.
The United Nations General Assembly voted overwhelmingly on Tuesday in favor of a legal framework that would help regulate restructuring of foreign sovereign debt, a project that was suggested by the Argentine government and presented before the assembly by the Group of 77 plus China.
Foreign minister Hector Timerman and Malvinas affairs Secretary Daniel Filmus, made the official presentation of the book “Malvinas Argentine sovereignty; 50 years since ambassador Ruda's speech” which recalls the fiftieth anniversary of the first Argentine presentation on the question of the Malvinas Islands before the UN Decolonization Committee, or C24.
Argentina will be launching on Thursday, 4 September the book Argentine sovereignty in Malvinas; 50 years since Ambassador Ruda's statement which recalls the half century since the presentation by then Ambassador Jose Maria Ruda before the United Nations Special Decolonization Committee, or C24.
Foreign Minister Hector Timerman referred to Argentina’s plan to regulate international debt restructurings, to be presented on Tuesday before the UN’s General Assembly, and stressed the importance of the project saying that “the legal loophole is huge” and that it affects “most of the countries in the world.”
The US judge overseeing litigation by Argentina and creditors who did not participate in the country's past debt restructurings scheduled a hearing to assess whether Citigroup Inc (C.N) should be forced to comply with a subpoena.
The US government reiterated on Tuesday that the International Court of Justice in The Hague “is not the appropriate venue” for addressing Argentina's debt issues and again called on the government of President Cristina Fernandez to engage with its creditors.
President Cristina Fernandez left on Friday for Santa Cruz province, where she will stay for the weekend and analyze New York Argentine/holdouts case briefings. The Argentine delegation returned on Friday to Buenos Aires after two meetings with appointed mediator Daniel Pollack in New York, where no resolution was reached.