Tag: Thomas Griesa

• Monday, August 4th 2014 - 07:09 UTC

  Malvinas war and the 2001 and 2014 defaults, Argentina's worst mistakes in 33 years

  

  The Falklands/Malvinas war, the 2001 default and the 2014 default are “the three events that are going to go down, in recent Argentina history, as the three worst strategic mistakes committed by the country”, according to political analyst and historian Rosendo Fraga.

• Sunday, August 3rd 2014 - 13:22 UTC

  “Argentina Finds Relentless Foe in Paul Singer’s Hedge Fund”

  

  The following article by Peter Eavis and Alexandra Stevenson was published in The New York Times and addresses the current litigation between Argentina and the speculative funds. The hedge fund firm of billionaire Paul E. Singer has about 300 employees, yet it has managed to force Argentina, a nation of 41 million people, into a position where it now has to contemplate a humbling surrender.

• Saturday, August 2nd 2014 - 08:58 UTC

  Argentina suggests Griesa and Pollack are actively helping holdouts by declaring a 'default'

  

  The Argentine Economy Ministry claimed on Friday New York judge Thomas Griesa has benefited “vulture funds” during negotiations over Argentina's defaulted debt with holdouts and asked the (Argentine) National Values Commission (CNV) to start an investigation over alleged “speculative moves”.

• Saturday, August 2nd 2014 - 04:08 UTC

  Griesa orders Argentina/holdouts to resume negotiations and an end to 'misleading information'

  

  US District Judge Thomas Griesa presiding over Argentina's bitter dispute with two hedge funds left the country stranded in default on Friday, ordering it to hold new negotiations and calling for an end to “mistrust”. In a stern tone Griesa slammed the decision by Argentina to defy his order that it pay in full holdout investors and instead opted to default on 29 billion dollars in debt.

• Friday, August 1st 2014 - 07:57 UTC

  World economists call on US Congress to take action on the Argentina/holdouts rulings

  

  Over 100 economists, including Nobel laureate Robert Solow, Branko Milanovic and Dani Rodrik called on the United States Congress to take action to mitigate the harmful fallout from the recent ruling by Judge Griesa of the U.S. District Court for the Southern District of New York that requires Argentina to pay holdout creditors at the same time as the majority of creditors.

• Friday, August 1st 2014 - 07:52 UTC

  Argentine president defies Judge Griesa rulings and mocks 'selective default'

  

  President Cristina Fernández said on Thursday she will not “sign an agreement” that compromises Argentina's future, while blasting “vulture funds” for wanting to “collect Griesa's usurious sentence”, following the Wednesday failure of negotiations between the country and holdouts.

• Friday, August 1st 2014 - 02:43 UTC

  Saying Argentina has defaulted is “an atomic nonsense” underlines Kicillof

  

  Argentina's Economy Minister Axel Kicillof denied point blank that Argentina defaulted on its debt and described such statement as “an atomic nonsense”. The minister gave a press conference in Buenos Aires a day after the failed negotiations with holdouts in New York and claimed ”those who today cheer the apocalypse, applauded the 2001 (crisis).”

• Thursday, July 31st 2014 - 22:10 UTC

  Judge Griesa summons Argentina and holdouts for a Friday hearing

  

  After negotiations between the Argentine government and the speculative funds, led by US Special Master Daniel Pollack failed, New York District Judge Thomas Griesa called for a new hearing between the parties for Friday at 12 pm (Argentina time).

• Thursday, July 31st 2014 - 07:05 UTC

  Kicillof blames Judge Griesa for the 'no-deal' situation with holdouts

  

  Argentina failed to strike a deal to avert its second default in more than 12 years after talks with holdout creditors and special mediator Daniel Pollack ended without a settlement on Wednesday.

• Thursday, July 31st 2014 - 06:55 UTC

  Argentine private banks discussing bond purchase from holdouts

  

  The meeting between Argentine private bank representatives and the 'holdouts' over the debt held by the hedge funds has been adjourned and will be resumed on Thursday, according to Buenos Aires financial daily Ambito.com.