Argentina blames US for debt default
Africa & World Politics, American Politics, Headlines Thursday, July 31st, 2014Argentina has blamed the US for its debt default, calling the mediator in failed talks “incompetent”.
Cabinet Chief Jorge Capitanich said his country was considering opening proceedings at international tribunals in The Hague after it was declared to be in technical default.
The announcement came just hours after last-minute talks in New York with a group of bond-holders failed.
The bond-holders are demanding a full pay-out of $1.3bn (£766m).
Argentina says the bond-holders are “vultures” using the South American country’s debt problems to make a big profit.
The investors are US hedge funds that bought debt cheaply after Argentina’s economic crisis in 2001-2002.
-Punch
wp_posts
Related Posts
- 2027: Tinubu worst President ever, North finished if he wins again – Baba-Ahmed
- Nigeria not a Muslim country – Rev Dachomo counters Sheikh Jingir
- Why we planned coup against Tinubu – Colonel Ma’aji, without legal counsel
- Davido calls on Trump, international community to monitor Osun election
- Osun Election: ‘Oyinlola jealous of me and my family’ – Gov Adeleke
Short URL: https://newnigerianpolitics.com/?p=38084
Posted by admin
on Jul 31 2014. Filed under Africa & World Politics, American Politics, Headlines.
You can follow any responses to this entry through the RSS 2.0.
You can leave a response or trackback to this entry
