January 23, 2018
Tuesday, July 8, 2014

CFK criticises 'vulture fund' behaviour through Twitter

President Cristina Fernández de Kirchner used social media network Twitter today in order to criticise the conduct of holdout investors in their ongoing lawsuit against the Argentine government, while reiterating that the nation was committed to paying its debts.

Currently resting after suffering a bout of laryngitis, CFK used the medium to bring attention to a missive prepared by Economy minister Axel Kicillof in response to claims made by the so-called 'vulture funds'.

The head of state quoted her minister in six tweets. "The vulture funds have never negotiated, and have never lent money to Argentina. NML Capital Elliott purchased bonds in 2008 and immediately sued Argentina," she highlighted.

"Argentine has made clear since 2003 its readiness and capacity to negotiate. The vulture funds never wanted to meet the terms accepted by the vast majority of creditors. These are the reasons why the international community has supported Argentina's position in this case."

Cristina finished by repeating that her government was prepared to enter talks under appropriate conditions with the hedge funds.

"Argentina will continue to demonstrate its will to negotiate in fair, equitable and LEGAL conditions," she underlined, emphasising the final point.
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Tags:  CFK  Twitter  Kicillof  Vulture Funds  

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