Argentina, 'vulture' funds battle as debt deadline arrives | Bangkok Post: news

News > World

Argentina, 'vulture' funds battle as debt deadline arrives

- +

Argentina and hedge fund creditors it calls "vultures" blasted each other as the country was expected to miss a deadline for a key debt payment Monday. 

A woman passes posters protesting against "vulture funds", in Buenos Aires, Argentina on June 18, 2014

US District Judge Thomas Griesa on Friday barred the Bank of New York Mellon from transferring $539 million in Argentine funds to the country's main creditors, the so-called exchange bondholders, unless Argentina also pays the hedge funds meant the country would likely be in default on Monday.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments