Argentina Refuses to Negotiate US Hedge Fund Debt, Complains of Attacks

[Judi Lynn]

Argentina Refuses to Negotiate US Hedge Fund Debt, Complains of Attacks
12:23 02.06.2015(updated 12:29 02.06.2015)

Lawyers acting on behalf of the Argentine government complained to the mediator in charge of the negotiations of "unwarranted attacks" from the creditors suing the country for unpaid debt.

Lawyers for Argentina, in a letter sent to the mediator of talks with the US investment firms pursuing legal action against the country, stated on Monday that the government is refusing to negotiate with creditors because of "unwarranted attacks on the Republic."

According to the law firm Cleary Gottlieb Steen & Hamilton LLP, the investment firms have carried out attacks "both in and out of court," and have "sought orders freezing immune diplomatic assets… and sought to thwart clearly legitimate domestic debt issuances."

On Friday US District Judge Thomas Griesa urged all parties in the dispute to "get back to the negotiating table" and settle the case, and said he would "reserve judgment" on the request from creditors who hold money judgments for more than $5.4 billion from Argentina.

More:
http://sptnkne.ws/qKA

[Demeter]

1. IT'S GRIESA'S OWN FAULT

Man is bought and paid for by the hedgies and vultures and crooked as a snake.

[forest444]

2. +1

And he's got the ranch in Montana to show for it, the smelly old buzzard.