Buenos Aires, Sept. 29 (Thomson Financial) .- The president of Argentina, Cristina Fernández, today blamed the United States for the resolution of the New York Judge Thomas Griesa who declared in contempt of the South American country in open dispute with hedge funds.
“USA as a state is solely responsible for the actions of any of its organs, such as the recent decision of the judiciary,” Argentina’s president wrote in his Twitter account hours after it became public judge’s decision.
today told Griesa Argentina in contempt for ignoring a ruling that forces you to pay the complainants investment funds 1,300 million, plus interest, for defaulted bonds from 2001 and there entered into swaps in 2005 and 2010.
“The judge’s decision Griesa has no safe practical effect provide new elements that serve the slanderous political and media campaign by vulture funds against Argentina” , said the president.
The president called the decision by New York judge “violation of international law, the UN Charter and the Charter of the Organization of American States.”
“Grisea holds the unenviable record of being the first judge to declare a contempt against a sovereign state to pay a debt, after failing in his attempt to block the restructuring of the external debt of Argentina,” he said.
The president reiterated that “the Argentine government reaffirms its decision to continue to pursue the defense of national sovereignty and to petition the government of USA accept the jurisdiction of the (International) Intl Court of Justice to settle the dispute between the two countries” .
Reviews of President deepen the statement issued by the Argentine Foreign Ministry after the announcement of the decision to Griesa and blamed the United States and of the judgment.
Before that the failure Griesa were known, the Argentine Foreign Minister Hector Timerman, told reporters that a decision of this kind would be “inconceivable” and reported sending a letter to Secretary of State, John Kerry, to criticize the “legal nonsense”.
The decision to Griesa the eve of the new maturity of Argentina debt from creditors who themselves joined swaps in 2005 and 2010, about $ 190 million was announced , of which 171 million correspond to bonds issued under foreign law.
For the latest maturity, around 1,000 million dollars, 30 June, Argentina deposited the money, but half of the funds -534 million-were blocked in the Bank of New York Mellon (BONY) by an order of Griesa.
The judicial funds lock prevented creditors reached in August so the rating agencies Argentina declared in “selective termination payments”, a status that the South American country rejected as it was argued that the payment transaction.
In August, the Argentine Congress passed a law for local payment or France restructured debt to those creditors that choose this option to avoid the judicial lock in the United States.
The money for the due on Tuesday will be deposited with National Trust, a subsidiary of the State Bank Nación Argentina designated by the Government of Fernandez as trustee paying agent in place of BONY.
The Government has not yet finalized mechanisms to ensure payment to creditors in exterior.COM
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