Monday, March 14, 2016

Holdouts bill: opposition assures quorum for Tuesday session

The Lower House Justicialist bloc finally backpedaled on a request to lift Tuesday’s special session called to discuss the bill that would allow the country to pay its holdout creditors.

The government called today’s meeting to address concerns following a request made by Justicialist bloc leader Diego Bossio, who had asked the suspension of Tuesday’s session after a US appeals court put on hold a Judge Thomas Griesa ruling lifting injunctions that have restricted Argentina from paying off some debts.

After the meeting, Oscar Romero told Radio 10  that the government “has cleared up all our doubts.”

"The session is scheduled for tomorrow, it will be between 17 to 20 hours long and we will come down to participate in the debate,” Romero said.

Finance Secretary Luis Caputo was in charge of meeting with opposition lawmakers after the latter requested the suspension of Tuesday session.

"We want to inform this is not a serious issue but a procedural issue. We want to move on with the strategy,” the head of the Budget and Finance Committee Eduardo Amadeo told NA agency.

After the appeal court’s decision, Amadeo considered the key is to keep going and to approve the bill which will derogate the Padlock and Sovereign Payment laws.

"If we halt this, we will enter a dead end circle. Stopping this means not getting out of debt,” Amadeo stressed.