The Most Dangerous Politician In Latin America Wrote A Chilling Op-Ed About His Negotiations With He

[Judi Lynn]

The Most Dangerous Politician In Latin America Wrote A Chilling Op-Ed About His Negotiations With Hedge Funds
Linette Lopez, provided by

Published 1:43 pm, Tuesday, July 8, 2014

On Monday, Argentine Economy Minister Axel Kicillof met with Daniel Pollack, a special master appointed by a U.S. court to discuss his country's dispute over $1.3 billion worth of bonds with a group of hedge fund creditors known as NML.

Little has been written about how it went, but based on the chilling op-ed Kicillof posted on President Cristina Fernandez de Kirchner's website on Tuesday, we can only imagine that things went badly.

"The vulture funds never wanted to come to the terms accepted by the vast majority of creditors," Kicillof wrote. "They're trying to extort a sovereign nation. They want privileged conditions and and they will stop at nothing to reach their objective: They try to interrupt the flow of payment to Argentine bondholders, denying them their right; they are going to speculate on the future of 40 million Argentines that have made enormous sacrifices to get on their feet after the 2001 crisis; and they're going to cause irreparable damage to the international financial system, putting all restructuring in doubt and making future restructuring practically impossible."

What Kicillof is describing doesn't sound like the hedge funds are asking for negotiation, what he is describing sounds like they're asking for complete and total surrender.

More:
http://www.seattlepi.com/technology/businessinsider/article/The-Most-Dangerous-Politician-In-Latin-America-5607423.php