Tuesday, February 24, 2015 'English justice decided Argentina paid, not in default'

Tuesday, February 24, 2015

'English justice decided Argentina paid, not in default'

Aníbal Fernández ratified the ''willing'' of Argentina to serve its debts.

Argentina pays to everybody, including holdouts and has never ceased in its willing to serve its debts, Secretary General to the Presidency Aníbal Fernández has affirmed. He added Daniel Pollack, the mediator appointed by US Judge Thomas Griesa to conduct bond negotiations between Argentina and so called vulture funds, is a “representative” of holdouts.

Fernández made his statements after arriving this morning at the government house. According to the secretary, “far from a mediator,” Pollack is “plain and simple a representative” of vulture funds suing the country over its defaulted bonds more than a decade ago.

“Argentina has not changed its way of thinking,” the ex senator affirmed and accused New York District Court Judge Thomas Griesa of “making a mess” of the case, “freezing 539 million dollars that were paid to the City bank for it to pay on its condition of trustee to bondholders, and the English justice made the decision that Argentina paid and is not in default.”

Comments by Fernández are in tune with yesterday’s statements by President Cristina Fernández de Kirchner who in a television address highlighted the same ruling by a London judge who decided interest payments on the debt were governed by English law, giving investors owning euro-denominated Argentine government bonds a partial victory. For Argentina, indeed the ruling vindicated the government's view that Griesa overstepped his competences in blocking the interest payments in the country's bond dispute with "vulture funds."

“It is unbelievable. They make us more Justice in London than in Argentina,” Cristina Fernández said