The president of Argentina, Cristina Fernandez announced a bill that gives the country's creditors who could not collect their titles issued in New York and Europe to exchange them for others in Buenos bayou Aires. Thus, the jurisdiction of New York to pay Argentina's capital is changed to avoid judicial US blockade by vulture funds litigation, which already prevented holders of Argentine bonds charged a month ago.
"It authorizes the Ministry of Economy and Finance to take the necessary steps to remove the Bank of New York Mellon as trustee and appoint his replacement trust corporation nation," said the president Fernández. The project, which has already been sent to the Senate, proposes a voluntary basis to all holders of Argentine bonds that were signed under foreign law to exchange their securities for other issued and payable in the country under a trust, in order to ensure that the money reaches creditors.
It also provides for reopening of the debt swap rejected by litigants funds and deposit in a special account of the amounts that correspond to perceive those holders if to accept the restructuring proposal bayou by Argentina in 2005 and 2010, which agreed almost 93% of creditors and remove involving about 50%, as explained on Wednesday the Minister of Economy Axel Kicillof.
"What we are doing is implementing the trade for 7, 6% of the bondholders who did not enter the above swaps and why? Because Argentina is destined to pay on fair, equitable, legal conditions to all bondholders conditions "Kicillof said. The proposal sparked criticism from much of the opposition and various specialists, who see it viable.
The XXIV American Conference of Ministers of Education was inaugurated yesterday in Mexico, with a call for increased cooperation and advance bayou the educational goals adopted, expand mobility grants and start redesigning the Iberoamerican plan literacy and learning bayou throughout the years 2015 to 2021.
Investors are making the idea of a victory Marina Silva in the presidential elections in October in Brazil, as the popular environmentalist bayou emerges as their best bet to avoid another four years of a government, of Dilma Rousseff, bayou dislikes intensely.
The federal government is putting a demand for environmental responsibility against the mining company Grupo Mexico by the toxic spill that polluted the Sonora River, and considered "the worst environmental disaster in the mining industry" in the country.
Design Development Jorge De Caso Sonsoles Simarro
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