Home » Criticism, Economy, South-Central America » Argentina warns US of 'vulture funds'

Argentina warns US of 'vulture funds'

submit to reddit

Argentina’s President Cristina Kirchner has warned the United States against the serious consequences of what she called US officials’ slandering Buenos Aires over its debts.

In a harsh five-page letter on Friday, the Argentina president criticized US President Barack Obama’s choice of hire for a high-level advisory position in his administration.

“Could this be a case of namesakes?” Fernandez asks her American counterpart, referring to Nancy Soderberg, a politician who Obama appointed as head of a board at the Public Interest Declassification Board (PIDB), while also holding co-chair position at the American Task Force Argentina (ATFA), the most prominent well-funded lobby group in opposition to Argentina’s debt refinancing efforts.

According to the letter, the ATFA, which has spent millions of dollars lobbying against Argentina, is “an entity specifically created to attack and slander the Argentine Republic and its President.”

The Argentina president said it is a conflict of interest for Soderberg to give sound advice to the president and other US officials because Soderberg’s organization has received payments from one of the vulture funds.

“If confirmed by you, [this] would have grave implications for relations between our two countries,” Kirchner wrote in her letter.

“As you are certainly aware, the functions of the PIDB encompass sensitive issues of national security and include giving advice to the president and to other US executive branch officials,” she added.

Argentina is currently contesting its disputed debts in US courts.

The Argentinean Congress on September 11 unanimously voted in favor of a new debt restructuring plan enabling Buenos Aires to pay back the country’s debts to US creditors, sidestepping an earlier US court ruling in favor of the bondholders.


No votes yet.
Please wait...


Did you like this information? Then please consider making a donation or subscribing to our Newsletter.

One Response to " Argentina warns US of 'vulture funds' "

  1. Leech says:

    President Kirchner should be a little more direct and tell Obama to get rid of Soderberg or Argentina could become a “no fly zone” for US government officials.

    Argentina needs more money to pay the debt, so if Obama keeps Soderberg, Argentina could charge US government employees a $1 million dollar-per-person “entry fee” to cross the border into Argentina. That should help. The US debt is also too large, so the US government should charge its employees the same amount for returning to the US, to retire its debt.

    Both debts can be paid off and the people responsible for running up these debts will have to pay for them.

    No votes yet.
    Please wait...

Leave a Reply

Copyright © 2009 The European Union Times – Breaking News, Latest News. All rights reserved.