The government defines its first offer The economic cabinet ends this week to design the offer to the vulture funds that Monday February will first finance secretary, Luis Caputo, to New York. In its broad outlines it is almost closed, as the team of the Ministry of Treasury and Finance of Alfonso Prat Gay was self-imposed timetable where the proposal should be prepared for today; and the first date for the third official meeting in the office of Daniel Pollack expired morning. After the request for a postponement of the meeting by any of the vulture funds for the first week of February, the team Prat Gay and Finance Secretary Luis Caputo, decided to take a few hours and look over some of the numbers They will be New York, and will also be analyzed by Mauricio Macri. From what is known, what is certain is that a radical change was prompted in the calculation of interest rates applied by the judge Thomas Griesa, and, adding all the criteria of the judge, exceeds 9% annually. Besides issuing a public title to not less than 10 years it would also include a rebate of capital is prepared. On the other hand, the Government is not willing to accept the order of the vulture fund Elliott lawyer, Robert Cohen, to negotiate secretly throughout the duration of the discussions in the office of Pollack. The Head of State Mauricio Macri had acknowledged that negotiations between the parties were not going "well", he said that would be a "balanced" offer to hedge funds. Meanwhile, Prat Gay estimated that the debt that Argentina is negotiating in New York, "amounts to less than 2 points of GDP", for which he felt. "It is not the trial of the century it is a small amount compared with the increase 60% in debt in China in recent years. " The name "trial of the century" was put into reality by the Financial Times in an article in 2013 and refers, not the amount, but the implication then would the failure Griesa and the support of chambers of Appeal of New York and the Supreme Court of the United States to operate, forward legal, vulture funds in the US financial system.

The government defines its first offer
The economic cabinet ends this week to design the offer to the vulture funds that Monday February will first finance secretary, Luis Caputo, to New York. In its broad outlines it is almost closed, as the team of the Ministry of Treasury and Finance of Alfonso Prat Gay was self-imposed timetable where the proposal should be prepared for today; and the first date for the third official meeting in the office of Daniel Pollack expired morning. After the request for a postponement of the meeting by any of the vulture funds for the first week of February, the team Prat Gay and Finance Secretary Luis Caputo, decided to take a few hours and look over some of the numbers They will be New York, and will also be analyzed by Mauricio Macri. From what is known, what is certain is that a radical change was prompted in the calculation of interest rates applied by the judge Thomas Griesa, and, adding all the criteria of the judge, exceeds 9% annually. Besides issuing a public title to not less than 10 years it would also include a rebate of capital is prepared. On the other hand, the Government is not willing to accept the order of the vulture fund Elliott lawyer, Robert Cohen, to negotiate secretly throughout the duration of the discussions in the office of Pollack. The Head of State Mauricio Macri had acknowledged that negotiations between the parties were not going "well", he said that would be a "balanced" offer to hedge funds. Meanwhile, Prat Gay estimated that the debt that Argentina is negotiating in New York, "amounts to less than 2 points of GDP", for which he felt. "It is not the trial of the century it is a small amount compared with the increase 60% in debt in China in recent years. " The name "trial of the century" was put into reality by the Financial Times in an article in 2013 and refers, not the amount, but the implication then would the failure Griesa and the support of chambers of Appeal of New York and the Supreme Court of the United States to operate, forward legal, vulture funds in the US financial system.