Tag: Vulture funds

• Saturday, July 5th 2014 - 08:48 UTC

  The Economist on Argentina: “The Luis Suarez of international finance”

  

  In its latest edition The Economist writes about Argentina’s debt stand-off, and states this “reflects a teenage attitude that rules are there to be broken”.

• Friday, July 4th 2014 - 06:00 UTC

  OAS supports Argentina on hedge funds issue; Timerman regrets “US attitude”

  

  The Organization of American States (OAS) voted on Thursday to support Argentina’s position against holdout investors, as well as expressing concern over what the entity called “the behavior of speculative agents that affect global financial stability.”

• Thursday, July 3rd 2014 - 06:26 UTC

  Roubini warns about negative consequences from the Argentine case

  

  The economist famous for predicting the 2008 financial crisis has analyzed Argentina’s current dispute against vulture funds warning “holdouts must not be permitted to block orderly restructurings that benefit debtors and creditors.”

• Friday, June 27th 2014 - 08:35 UTC

  Judge Griesa calls Argentina and hedge funds for a hearing on Friday

  

  A US judge has scheduled a hearing for Friday after hedge funds suing to collect on defaulted debt issued by Argentina complained about the country's plans to make a payment to creditors who participated in its past restructurings.

• Friday, June 27th 2014 - 07:16 UTC

  Significant support to Argentina from British personalities against vulture funds

  

  A large cross-party group of British parliamentarians, renowned economists, intellectuals, journalists, public opinion leaders, trade unionists and activists added their names to a statement of solidarity with Argentina against vulture funds, which they handed on to the Embassy of Argentina in London.

• Tuesday, June 24th 2014 - 23:30 UTC

  Argentina's bond fight with holdouts will be addressed by G-77 plus China

  

  Argentina’s bond fight against holdout hedge funds will reach the United Nations headquarters on Wednesday when Economy Minister Axel Kicillof addresses the G77 plus China 134-nations plenary on Argentina's debt restructuring process.

• Monday, June 23rd 2014 - 04:27 UTC

  Argentina takes its differences with Judge Griesa to the US main journals

  

  Argentina on Sunday took its battle against paying hedge fund investors in its defaulted bonds to the US media, placing adverts in major newspapers demanding US courts help foster “fair and balanced” negotiations.

• Monday, June 23rd 2014 - 04:08 UTC

  Jubilee Debt Campaign supports Argentina against “vulture funds” quick bucks

  

  The following letter under the heading of “Urgent need for legislation on Argentina debt” was published in the Financial Times and refers to the ongoing battle with the holdout hedge funds.The piece is signed by Tim Jones, Policy Officer, Jubilee Debt Campaign, London, N1, UK.

• Saturday, June 21st 2014 - 08:19 UTC

  Cristina Fernandez took time to pick on the Falklands at her 'dialogue' speech

  

  Cristina Fernandez on her Friday Flag Day speech in which she lowered usual rhetoric and asked US Judge Thomas Griesa for negotiations with the holdout hedge funds, picked on the Falkland Islands sovereignty dispute to channel her fury and forecasted there “is no colonialism that can last so many centuries, eventually they fall”.

• Thursday, June 19th 2014 - 02:26 UTC

  Griesa does not trust Cristina Fernandez and condemns the word “extortionist”

  

  US Judge Tomas Griesa said on Wednesday that the televised speech delivered by President Cristina Fernández on Monday after the US Supreme Court declined to hear an appeal by Argentina in its battle against the holdouts was “a problem” for negotiations and implied he did not trust the Argentine leader.