“Expectations in the hearings are absolutely negative because (US Judge Thomas) Griesa has showed his partiality. He shows partiality in favour of vulture funds because he has proved clearly ignorance on the debt restructuring mechanism,” the head of ministers told reporters while holding his daily conference at the government house today.
“Griesa does not understand this process, (neither he understands) a sovereign country that is governed by sovereign laws. The judge does nothing ever; he calls for hearings without doing anything,” Capitanich stressed renewing the government’s position that Argentina has fully met its debt obligations, urging the US magistrate to unblock the country's payments to restructured bondholders.
On Thursday, following the government's decision to seek a legal case against the United States in The Hague, Judge Griesa called for a new hearing in New York for today's afternoon.
The ex governor of the Chaco province ratified also Argentina’s demands that the Bank of New York Mellon release the deposit. “Argentina paid and made the deposits in the BoNY (for the money) to be redistributed (to bondholders). Funds do not belong to Argentina, they belong to bondholders and the BoNY is breaching the contract,” Jorge Capitanich insisted.
“There is one opportunity which is to give the stay to suspend the sentence till the end of the year in order to not trigger the RUFO clause,” the head of President Cristina Fernández de Kirchner’s ministerial team said urging US Griesa to not “interfere” in payment obligations of debt restructurings, something he added “concerns the US political power” as well.
http://www.buenosairesherald.com/article/166619/govt-calls-us-to-take-responsibility-for-griesas-actions
8/8/14
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Economy Minister Axel Kicillof has said the hearing held today by New York district judge Thomas Griesa over the Argentine case against holdouts did not solve “anything” and “just added confusion”....
ReplyDelete“The hearing didn’t solve anything, yet again. There is no new information, it just added confusion,” Kicillof told reporters.
Griesa had called for a hearing today to address Argentina’s claim it had met obligations as it made a bondholder payment deposit in Bank of New York Mellon and Citbibank.
The US judge said Argentina’s payment is illegal and urged the country to stop making “false claims”, while threatening to declare the South American country in contempt.
Griesa previously ruled Argentina can only pay exchange bondholders if it also pays the so called “vulture funds” or works an agreement with holdouts....................http://www.buenosairesherald.com/article/166631/kicillof-%E2%80%98griesa-didn%E2%80%99t-solve-anything-just-added-confusion-today%E2%80%99
8/8/14