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Fernandez argues that by many economic indicators, Argentina compares favourably with Canada and Australia. Her critics have countered that Argentina official statistics are so widely distrusted that the International Monetary Fund no longer includes them in its global reports.
But a small fraction of bondholders, some of whom bought the debt securities at cut rate prices during the crisis, say Argentina should Nike Huarache Run Ultra Women's
The decision also could have major repercussions for other countries trying to decide whether to put lenders before their own citizens as they rebuild their economies.
hurts poor people around the globe, Eric LeCompte of the Jubilee USA Network, a religious anti poverty campaign, said in a statement. Supreme Court. We pray the court will not forget the world poor as they consider taking the case. Cristina Fernandez was meeting with top ministers inside her official residence in suburban Buenos Aires, and made no immediate comment about the ruling. But just as it was handed down, three dozen messages were sent from her official Twitter account rehashing her speech about Argentina economy that she made to business and union leaders the day before.
pay them the face value of the bonds, plus interest. Investment fund NML Capital and 18 other holdout creditors sued and a lower court ordered Argentina Huarache Bronzine Men to pay $1.4 billion.
appeals court dealt Argentina a blow Friday in the lengthy legal battle over the country massive 2001 default, upholding a ruling ordering it to pay $1.4 billion to bondholders. Supreme Court.
the appellate court last year could prompt the South American government to default again.
religious community is saddened by today decision as it Nike Huarache Womens Blue
When Argentina issued the bonds in 1994, it promised to treat them least equally with its other external indebtedness, the appeals court wrote. we have held, by defaulting on the bonds, enacting legislation specifically forbidding future payment on them, and continuing to pay interest on subsequently issued debt, Argentina breached its promise of equal treatment. financial institutions in contempt if they don become the court enforcers. He also agreed to block Argentina efforts to pay other bondholders if it hasn first paid its debts to the plaintiffs.
ï»¿US appeals court upholds ruling ordering Argentina to pay bond debt from 2001 default
The decision a proposition essential to the integrity of the capital markets: borrowers and lenders may, under New York law, negotiate mutually agreeable terms for their transactions, but they will be held to those terms, the three judge panel wrote.
The impact of the ruling on Argentina economy could be severe, since a novel payment formula already generally upheld by Nike Huarache Mens On Feet
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