Ruling Victory Front lawmakers passed the Sovereign Payment bill -establishing the local payment agent for creditors, a new voluntary debt swap, and the creation of a permanent bicameral debt oversight committee- in the Lower House of Congress with barely no support from opposition bloc

Thursday, September 11, 2014

'Those who voted against favour vulture funds'

Cabinet Chief Jorge Capitanich speaks at government house.

Cabinet chief Jorge Capitanich celebrated that the government’s new debt swap plan became a law and bashed opposition lawmakers who voted against the Executive’s bill saying they “respond to a strategy designed by vulture funds.’

Ruling Victory Front lawmakers passed the Sovereign Payment bill -establishing the local payment agent for creditors, a new voluntary debt swap, and the creation of a permanent bicameral debt oversight committee- in the Lower House of Congress with barely no support from opposition blocs.

“Those who vote in favour are for the defence of the country’s sovereignty and those who vote against are for vulture funds’ vested interests,” Capitanich fired in his daily press briefing at government house.

The chief of minister referred to the swap bill vote as a “watershed” between lawmakers who support “a national and popular perspective” and those who, on the contrary, “respond to a strategy designed by vulture funds.”