Tag: sovereign debts

• Thursday, September 10th 2015 - 07:35 UTC

  Economists' open letter to UN: political power must be preeminent in handling economic policy

  

  European countries must support the United Nations’ proposals for sovereign debt restructuring! – Open letter to the UN by 19 economists.On Thursday September 10, the United Nations General Assembly will vote on nine principles concerning the restructuring of sovereign debts.

• Thursday, August 13th 2015 - 06:45 UTC

  Griesa sanctions Argentina for not turning in information on assets

  

  New York district judge Thomas Griesa has said he will consider all Argentine government assets in the United States, except for diplomatic and military ones, as commercial assets which hedge fund NML Capital could try to seize.

• Wednesday, December 31st 2014 - 02:33 UTC

  Legal framework to restructure sovereign debts receives strong UN boost

  

  The U.N. General Assembly approved this week the financing of a plan to develop a new legal framework to restructure national debts, a move aimed at avoiding the kind of speculative action that led Argentina to a second default.

• Wednesday, September 10th 2014 - 06:22 UTC

  Cristina Fernandez celebrates the UN assembly vote: “we have to feel proud”

  

  Argentine President Cristina Fernández praised on Tuesday the United Nations General Assembly approval of a project that proposes legal framework to regulate restructuring of foreign sovereign debt, saying “Argentina has set an international leading case” with the initiative.

• Monday, September 1st 2014 - 13:46 UTC

  Timerman presents plan to regulate sovereign debts before the UN on Tuesday

  

  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.”

• Wednesday, September 21st 2011 - 06:14 UTC

  Argentina to pay sovereign debts in 2012 with 5.7bn from the Central bank

  

  The Argentine government plans to trim its dependence on central bank reserves to pay debt next year after tapping savings to slow depreciation of the Peso, according to its draft 2012 budget.