Thursday, November 27, 2014

'Whatever happens in January will depend on vulture funds'

Economy Minister Axel Kicillof (file photo).

The Economy Minister said that vulture funds will be more responsible than the government for whatever happens in in January, once the RUFO clause expires. He criticised once again the holdouts creditors for not accepting Argentina’s offers.

“Some sort of scenario is being prepared for January, when the RUFO clause expires, it will be more a responsibility of vulture funds than the government’s,” the minister said to reporters in a joint press conference with cabinet chief Jorge Capitanich at Buenos Aires City Airport, before leaving for Brazil in an official trip.

Kicillof accused the holdouts of “not willing to negotiate, to reach a deal” and he stressed that they have refused several offers, “even one with a 300% profit margin.”

The Kirchnerite official said that Argentina’s stance remains the same, and reiterated the government’s willingness to “dialogue with everyone, to reach a deal in fair, legal, equitable and sustainable conditions.”