Vulture Funds: “The strategy of ‘macho’ does not work for the government any more”

March 2, 2013
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The congressman of the Civic Coalition and former Central Bank President Alfonso Prat Gay said the national government contradicted itself referring to the holdouts.

“There is a change of strategy with the vulture funds, President Cristina Kirchner said before that she would not pay a dollar, now she said was willing to pay, the same than those who enter in the swap”.

Prat Gay added, “The last time she spoke on the issue, the President said she would not pay a penny or a dollar for the vulture funds. So clearly there is a change, the government is concerned with this situation, the strategy of the being the ‘macho’ [brave] doesn’t work any more,” the legislator said on the radio.

Argentina “will deliver what they already paid to bondholders and the House of Appeals has already given to understand that this proposal will be not accept it.”

Yesterday the Court of Appeals of New York invited the Government to “before March 29 to set a payment formula, to resolve the dispute it has with the holdouts by 1,330 million dollars.”