Tag Archive | "President Cristina Fernández de Kirchner"

Government Celebrates UN Vote on Sovereign Debt

President Cristina Fernández de Kirchner announces debt  swap plan in August (Photo: Presidencia/Télam)

President Cristina Fernández de Kirchner announces debt swap plan in August (Photo: Presidencia/Télam)

The government has lauded a new UN resolution to create a new framework for restructuring sovereign debt, which it says vindicates its own legal battle against so-called vulture funds.

The resolution was approved last night with support from 124 countries, while 11 voted against the proposal and 41 states abstained.

“Today is a special day for all Argentines. We should feel proud,” said President Cristina Fernández de Kirchner last night.

The resolution, which states that an international convention to deal with sovereign debt should be created before the General Assembly summit in 2015, had the backing of the G77 + China group.

“As the president of the G77 + China group said today ‘Argentina made us open our eyes’. That’s why we Argentines should feel proud,” said President Fernández.

The Argentine government said the overwhelming support received for the resolution vindicated its refusal to pay the vulture funds that have taken the country through a drawn-out court battle, ending with Argentina falling into a ‘technical default on 31st July‘.

“Those countries that voted no will one day understand that we need a more equal and fair world, with more doves and fewer vultures in all fields, not just the economy, but the military too,” added President Fernández.

The boost from the UN resolution comes before today’s vote in Argentina’s Chamber of Deputies on a new law to allow the country to pay holders of its restructured debt via domestic channels, thereby circumventing a US court ruling preventing credit payments through New York.

The proposal, which was approved last week in the Senate, will also include an offer for bondholders to swap their titles for ones of identical value issued under Argentine law.

It also declares the 2005 and 2010 debt restructuring to be an issue of public interest, and created a commission to investigate the history of the debt from 1976 until today.

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President Presents Bill to Pay Bondholders Under Local Law

President Cristina Fernández de Kirchner announces debt  swap plan (Photo: Presidencia/Télam)

President Cristina Fernández de Kirchner announces debt swap plan (Photo: Presidencia/Télam)

President Cristina Fernández de Kirchner has announced plans to create domestic payment channels for holders of its dollar-denominated bonds and circumvent a US court ruling preventing credit payments. The proposal will also include an offer for bondholders to swap their titles for ones of identical value issued under Argentine law.

Argentina has been in a ‘technical default’ since 31st July after failing to make a credit payment to bondholders that entered into debt restructurings in 2005 and 2010.

Though the US$539mn payment had been deposited on time, New York Judge Thomas Griesa ordered trustee Bank of New York Mellon (BoNY) to retain the funds until Argentina reaches a settlement with vulture funds seeking full repayment on defaulted debt from the country’s 2001 crisis.

According to the proposed bill, which the president presented in a televised broadcast last night, BoNY would be replaced as the trustee bank for exchange bondholders by state-run Banco Nación. The bank would be able to make payments to bondholders via a special account at the Central Bank.

The bill also states that exchange bondholders could choose individually or collectively to swap their existing bonds for new state bonds for the same nominal value governed by Argentine law.

The new law will also create a special account for the bond holdouts, which represent 7.6% of the total defaulted debt from 2001, to deposit payments on the same terms as those who accepted the restructurings. This, informed, President Fernández, would represent a profit of 300% for the vulture funds leading litigation against Argentina.

“Let no one say that Argentina refuses to pay. The Argentine government refuses to be extorted.” said the president, who admitted she was feeling nervous due to the “great injustice” facing the country.


The bill was sent to Congress immediately after the president’s tv address, with deliberations in committee expected to begin in the next week.

Economy Minister Axel Kicillof said today that the main purpose of the law was to complete payment obligations locally because they were obstructed in New York. “If the Bank of New York adheres to what Judge Griesa says, Argentina will present the possibility, if they want, for bondholders to be paid here,” said Kicillof. “It is not a compulsive change of jurisdiction, but a method of ensure Argentina can continue to meet its external debt obligations.”

Head of the opposition PRO, Buenos Aires Mayor Mauricio Macri, was quick to announce that his party would vote against the legislation. “It’s like saying that, in our view, the German goalkeeper committed a penalty in the World Cup final, therefore we don’t recognise Germany as World Champion and we invite them to play a rematch here in Argentina with [local judge] Oyarbide as referee,” said Macri in a press conference earlier today.

Argentina’s benchmark restructured bonds fell around 2% in early trading this morning. Bloomberg reported that JP Morgan released a note to clients calling the president’s announcement “a bucket of cold water” for those expecting a relatively swift resolution to the debt problem at the start of next year.

Economists in the US noted that some investors and banks may be reluctant to enter into a deal with Argentina for fear of being held in contempt of court by Judge Griesa, who has previously said any swap agreement would be illegal.

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Argentina vs Vulture Funds: Wishing Won’t Make It So

Last Thursday, President Cristina Fernández de Kirchner made a televised speech in which she blasted the vulture funds yet again, then told the nation how the case could be ended with one stroke of a pen.

Not her pen, unfortunately. President Obama’s, who she said has the power to veto a court decision if it compromises the United State’s relationship with another country.

President Fernández was citing an article by veteran investigative journalist Greg Palast that appeared in The Guardian on 7th August and was quickly picked up by media outlets in Argentina and all over the world (The president even later posted a translated version of it on her own web site).

Palast’s solution is straightforward:

“Obama could prevent vulture hedge-fund billionaire Paul Singer from collecting a single penny from Argentina by invoking the long-established authority granted presidents by the US constitution’s “Separation of Powers” clause. Under the principle known as “comity”, Obama only need inform US federal judge Thomas Griesa that Singer’s suit interferes with the president’s sole authority to conduct foreign policy. Case dismissed.”

“Indeed, President George W Bush invoked this power against the very same hedge fund now threatening Argentina. Bush blocked Singer’s seizure of Congo-Brazzaville’s US property despite the fact that the hedge fund chief is one of the largest, and most influential, contributors to Republican candidates.”

Great news! If only Obama will act, the default will be reversed! Except that – no. This kind of presidential intervention in an ongoing judicial proceeding, under such circumstances, is not remotely possible.

In fact, there is no “Separation of Powers” clause in the US Constitution. Oops. There is a concept of ‘comity’, but it means something very different. Oops again.

A bit of background: though Congress traditionally defers to the president regarding foreign policy, he does not have, as Palast claims, “sole authority” over its conduct. Treaties and ambassadorial appointments must be ratified by the Senate, for example, and Congress has the right to deny funding for foreign adventures if it does not agree.

As for dismissing the case, there is no mechanism for an executive override of a court decision. At best, the administration could file a legal brief on behalf of a party, which it already did in 2012, voicing strong support for Argentina. In an extreme case, he could issue an Executive Order, but given that Argentina’s case is proceeding along established legal guidelines, there is no basis to do so, and it would surely be overturned on appeal to the Supreme Court.

And as for Palast’s statement that President George W Bush “invoked this power against the very same hedge fund” – he did no such thing. The case was settled in a UK court, and though there were several parallel lawsuits in US courts, there is no sign of direct intervention by the White House. (I contacted Greg Palast for comment on these points, but he did not respond.)

Even if President Obama wanted to, there is not much he can do to help Argentina's case against vulture funds (Photo: Victor Carreira/enviado especial/Télam)

Even if President Obama wanted to, there is not much he can do to help Argentina’s case against vulture funds (Photo: Victor Carreira/enviado especial/Télam)

I’ve been an admirer of Palast in the past, but on this topic, he seems to have strayed into magical thinking. While I support Argentina in their struggle against the vultures, Obama’s signature will not cause this case to disappear. For all their moral and human failings, the vulture funds have won key court decisions and hold all the legal cards – especially in the US.

Argentina’s suit at the International Court of Justice is, similarly, no more than a publicity stunt, since the US has already said it does not recognise the Court’s jurisdiction. Even if the Bank of New York wished to abide by an ICJ decision, it could not do so.

President Cristina Fernández de Kirchner deserves better advisers, who will stop her, next time, before she gives a speech based upon demonstrably false pretenses. In their defence, the Guardian column was also republished, without challenge, by media all over the world. But wishing that it were true will not make it so.

Argentina may decide to negotiate with the vultures, or to wait them out, but there is no quick fix coming from Washington DC.

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Argentina News Roundup: 22nd April 2014

President Fernández launches the Pampa Azul plan (photo: Ministry of Science, Technology, and Innovation)

President Fernández launches the Pampa Azul plan (photo: Ministry of Science, Technology, and Innovation)

President Launches ‘Pampa Azul’ Maritime Study Programme: President Cristina Fernández de Kirchner yesterday announced a new ten-year scientific plan to study the seas off Argentina’s coastline. The programme, called ‘Pampa Azul’ (Blue Pampas), will explore five key maritime areas to increase understanding of natural resources, and how they can be managed in a sustainable manner. “This is the first strategic project of the continental sea,” said President Fernández, adding that before it was only seen “for fishing or for the beach.” The five areas to be surveyed include the Río de la Plata estuary and maritime areas around the South Georgia and South Sandwich Islands. Minister of Science, Technology, and Productive Innovation Dr. Lino Barañao said the initiative would “promote technological innovations for the sustainable exploitation of natural resources, and the development of industries related to the sea.” The minister added that information and a scientific presence would “support the country’s sovereignty in the South Atlantic.”

At the same conference last night, President Fernández also announced that the government would send a bill to Congress to remove taxes for biodiesel for as long as EU restrictions on Argentine imports of biodiesel remain in place. “We are in a real trade war,” said the president. “Our institutional obligation is to help and protect those with difficulties.”

Six Airport Baggage Handlers Arrested for Theft: Federal Judge Ariel Lijo ordered the arrest of six baggage handlers at the Jorge Newberry airport in Buenos Aires as part of an investigation into the theft of personal belongings. The six people work for Aerohandling, which is contracted to provide baggage handling services for Aerolíneas Argentinas. As part of the investigation, police also conducted searches of the suspects’ houses. The president of Aerolíneas, Mariano Recalde, said today that it was he who had reported the theft of belongings from suitcases to the judiciary last year. “We reported it quietly last year, the courts took it on, and after excellent work, was able to move the investigation forward and obtain important results,” explained Recalde in a press conference. “I want to leave to one side the vast majority of workers and baggage handlers at the company who work honestly every day.”

Economic Activity Up 1.3% in February: Statistics agency INDEC today reported that national economic activity in February was 1.3% higher than in the same month a year earlier. INDEC’s monthly estimate of activity – considered a proxy for economic growth, which is reported on a quarterly basis – showed no change from the level recorded in January, marking a slowdown compared to last year. According to economy minister Axel Kicillof, the Argentine economy expanded by a preliminary 3% in 2013, below the initial INDEC estimate of 4.9% after the statistical base year from which growth rates are calculated was updated from 1993 to 2004.

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Argentina News Roundup: 15th April 2014

Buenos Aires Subte (photo courtesy of Wikipedia)

Buenos Aires Subte (photo courtesy of Wikipedia)

Judge Orders Modifications to Subte Fare Plan: Buenos Aires judge Elena Liberatori today ordered modifications to subte price plans for multiple-journey tickets introduced last month when the basic fare rose from $3.50 to $4.50. Liberatori ruled that the fare for a single journey could remain at $4.50 but that a ticket for 20 journeys should cost $85 ($4.25 per journey). Further discounts for multi-journey tickets will remain in place: a 30-journey pass will cost $126 ($4.20 per journey), one for 40 journeys $157 ($3.94 each), and for 50 journeys $184 ($3.68 each). However, Liberatori ordered the removal of any expiry date on these multi-journey tickets. Finally, the judge ruled that subte travel on weekends and public holidays will count towards a passenger’s reward scheme for regular use. Under the current system, a commuter using the subte twice every working day would only qualify for the maximum savings on three months of the year, due to public holidays.

Today’s ruling comes after Buenos Aires city legislator Alejandro Bodart had filed an appeal against the fare hike in March, and the city government was ordered to modify the pricing system to account for “inconsistencies”. Bodart had requested the fare be returned to $3.50 and today said the ruling was “insufficient”, adding that he would present another appeal tomorrow because the city government had not properly justified the fare hike.

New Regulations for Motorbike Passengers in Security Crackdown: Motorcycle passengers in the province on Buenos Aires will be obliged to wear a helmet and reflective jacket marked with the bike’s number plate, as part of efforts to clamp down on crime. The new measure was introduced by governor Daniel Scioli yesterday and came into effect today. Failure to comply with the regulation will be considered a “serious offence” and could result in confiscation of the vehicle or driving license. “This is a road safety measure, but above all targets a new style of crime committed by motorcycle passengers,” explained Alberto Pérez, cabinet chief for the provincial government. The move comes as part of governor Scioli’s ‘security emergency‘ programme, declared after a wave of lynchings put the spotlight on crime and security in the province.

President Fernández presents new bill to combat informal labour (photo: Maximiliano Luna/Télam)

President Fernández presents new bill to combat informal labour (photo: Maximiliano Luna/Télam)

New Bill Targets Informal Labour Market: President Cristina Fernández de Kirchner yesterday presented a new law aimed at reducing informal labour that will be sent to Congress. The aim of the bill is to bring around 650,000 workers into the formal labour market over the next two years through a combination of incentives, especially for small companies, to register staff and stricter controls. According to the proposal, companies with fewer that five employees will receive a 50% deduction in employer contribution payments. All private companies that hire new workers will receive similar benefits for two years, with the deduction ranging from 25% to 100% depending on the size of the business. Presenting the bill, President Fernández said that working in the informal market is “the second biggest problem for workers, the first is not having a job.” Labour Minister Carlos Tomada said the bill would deliver a “final blow” to informal labour. “We want to intensify the fight [against informal labour] and so we are providing tools so that employers do not deny workers their rights,” said Tomada in a radio interview earlier today. Under the initiative, the Labour Ministry will have authority to supervise the application of labour laws. At present, provincial governments are responsible for regulating labour conditions, but according to Tomada, lack the resources to carry out controls. According to official statistics, approximately a third of the working age population are in the informal labour market.

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Argentina News Roundup: 25th March 2014

A monument to the murdered French tourists was inaugurated last year in the area they were found in Salta (photo: Néstor Troncoso/El Tribuno/Télam)

A monument to the murdered French tourists was inaugurated last year in the area they were found in Salta (photo: Néstor Troncoso/El Tribuno/Télam)

Trial Over Murdered French Tourists Begins in Salta: The trial of five suspects for the rape and murder of two French tourists in Salta in 2011 began today in the provincial capital. Three of the defendants – Gustavo Lasi, Daniel Vilte Laxi and Santos Clemente Vera – are accused of double homicide, with aggravated sexual assault and theft. Lasi has already confessed to being at the scene of the crime and sexually assaulting one of the women, though claimed Vilte Laxi and Vera shot the girls. Both deny any involvement in the crime. The other two defendants, Omar Darío Ramos and Antonio Eduardo Sandoval, are charged with helping to cover up the crime by hiding the murder weapon. An estimated 200 witnesses will provide testimony in the trial, with a verdict expected in May. The two victims, Cassandre Bouvier and Houria Moumni, were last seen visiting the popular tourist site Quebrada de San Lorenzo on 15th July 2011. Their bodies were found two weeks later.

President Accuses Western Powers of Double Standards Over Crimea: President Cristina Fernández de Kirchner today criticised the “double standards of some Western countries and international organisations” in territorial disputes. “They can’t defend territorial integrity in Crimea and be against it in the Malvinas Islands,” the president wrote on Twitter, in reference to the contrasting reactions of the UK and US to recent referendums over sovereignty in both places. The statement came shortly after a phone conversation with Russian leader Vladimir Putin in which she said he “highlighted Argentina’s position to include these double standards in the debate.” President Fernández also cricticised the application of sanctions, which she claimed “only impede constructive dialogue”, and added that the two leaders also discussed improving economic and business ties between Argentina and Russia.

Paramedics Found Guilty of Abandoning Dying Slum Resident: Two paramedics, Eva Celia Rodríguez and Marcela Susana Tela, received a three-year suspended prison sentence on Friday night after being found guilty of the abandonment of a person leading to death. The pair were also disqualified from working for two years and ordered to complete a further two years of community work. The ambulance paramedics refused to enter Villa 31 to treat Humberto ‘Sapito’ Ruiz, who died in April 2011 after suffering multiple epilectic seizures, despite the offer of police custody. In delivering her verdict, Judge María Elena Diotti ruled that “the accused had failed in their duty due to their discriminatory prejudices, and therefore committed a crime.” The ruling is the first in Buenos Aires to condemn ambulance personnel for refusing to treat people inside the city’s shantytowns.

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Argentina News Roundup: 19th March 2014

Teachers protest in La Plata (photo: Carlos Cermele/Télam/aa)

Teachers protest in La Plata (photo: Carlos Cermele/Télam/aa)

Teachers Protest as Conflict Continues: Hundreds of teachers protested today in front of the Buenos Aires provincial government building in La Plata as part of the ongoing conflict over wage negotiations. On the 11th day of their strike, teachers once again rejected the government’s offer of a 30.9% salary increase to be paid between March and August. They demanded to be called back to the negotiation table, and warned that “the conflict could extend through the year.” Union representative Roberto Baradel confirmed that the unions will not accept the mandatory conciliation established last Wednesday and that they will continue striking. “If they touch one peso belonging to the workers we will go and look for them in every corner in the province,” said Baradel. Buenos Aires governor Daniel Scioli stated that “my pacience is endless but I have to make decisions that are somewhere between what’s ideal and what’s possible,” whilst state news agency Telam quotes government sources as saying that “an appeal for legal protection is an alternative [the government] is considering if the unions don’t accept the mandatory conciliation and don’t begin the school year, leaving almost 4 million children without school.”

President Fernández Meets With French Counterpart: President Cristina Fernández de Kirchner met French president François Hollande in Paris this morning. In a joint press conference after the private meeting, the presidents stated that they discussed issues of bilateral trade, education agreements, and international security. The most celebrated outcome of the meeting was the assurance by president Hollande that his country will “back a financial agreement” between the Argentine government and the Paris Club in order to cancel the country’s debt. “France wants Argentina to sort out its financial situation, they are about to negotiate a financial deal with the Paris Club and we will back it, because it’s also in our best interest to boost our exchange with Argentina,” said the French president. President Fernández also thanked Hollande for his government’s support in the litigation against holdouts that Argentina is fighting in a US court. Talking about both governments’ concerns over the situation in the Ukrainian region of Crimea, president Fernández ratified her government’s stance on territorial integrity, saying that “in order to preserve world peace, it’s fundamental to not have a double standard, you can’t agree with territorial integrity in Crimea and not agree with territorial integrity in Malvinas.” The Argentine president will remain in France until Friday. This afternoon she was meeting representatives from oil company Total, whilst tomorrow she will meet French prime minister Jean-Marc Ayrault and will attend the opening of the Paris Book Fair, where Argentina will be a guest of honour on the 100th anniversary of writer Julio Cortázar’s birth.

Trucks Toll Suspended: A judge suspended a measure put in place last month, by which trucks had to pay a special $185 toll when entering or leaving the City of Buenos Aires on peak hour. The three-month suspension came as a response by judge Pablo Cayssials to an appeal for legal protection filed by the Argentine Federation of Freight Companies (Fadeeac), as the judge understood that paying the toll “would be a violation to the rights” of Fadeeac, and stated that it is not within the jurisdiction of the Interior and Transport Ministry to set such toll, as he considered it a tax (which can only be set and modified by Congress). Interior and Transport Minister Florencio Randazzo said that the government will appeal the ruling, which he called “a complete lack of common sense.” Randazzo also said that the judge ruled “in favour of the transport businesses” by establishing “that thousands of trucks can circulate again on motorways in peak hour, holding traffic which was already beginning to be more fluid and safe for everyone.”

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Argentina Celebrates 30 Years Since the Return to Democracy

First democratically-elected leader after the dictatorship, Raúl Alfonsín.

First democratically-elected leader after the dictatorship, Raúl Alfonsín.

Celebrations to mark 30 years since the return of democracy in Argentina are underway in Buenos Aires, despite some calls to suspend them in light of violent outbreaks around the country.

Today Argentina celebrates the 30th anniversary of when democratically-elected President Raúl Alfonsín took office in the Casa Rosada, marking the return of democracy to the country. Around half a million people are expected to turn out to the celebrations that have already started on Plaza de Mayo to commemorate the historic event.

However, the joyous occasion has been marred by the ongoing violence and looting across the country, which have left an estimated nine dead in the last few days.

At 3pm the “democracy forever” celebrations started in the Plaza de Mayo. Many musicians, dancers and theatre and tango groups are set to perform in front of the Casa Rosada on a huge stage which has been erected especially for the event. President Cristina Fernández de Kirchner is also leading a formal act to celebrate 30 years of democracy in the Bicentenary museum. Civil servants, governors, legal authorities, civil rights groups and church members, amongst other special guests, are in attendance. At around 9pm, it is thought that President Fernández will address the crowds from the Casa Rosada.

Former Argentine presidents were invited to attend the formal act. While Adolfo Rodríguez Saá, interim president during the 2001 financial crisis confirmed he would attend, Eduardo Duhalde, who served as president from 2002-2003 said that “although he would like to attend” he would be unable to. He stated, however, that “the 30 years of Argentine democracy deserved to be celebrated with greatness of spirit and hands stretched out to the whole of society.”

Some politicians, however, have called for the festivities to be suspened in light of the outbursts of violence caused by the series of police strikes taking place around the country. Ricardo Alfonsín, invited to attend the formal act on behalf of his late father, Raúl Alfonsín, said that he would attend, but expressed his belief that the public celebrations should have been postponed “until a better time, given the severity of the situation.”

Buenos Aires mayor, Mauricio Macri, also announced that he would not be attending the celebrations due to a full schedule and expressed that he too thought that the event should have been suspended due to the violence registered around the country.

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The Indy Eye: Fuerza Cristina

Thousands have gathered outside the Fundación Favaloro medical clinic, where President Cristina Fernández de Kirchner is recovering from surgery to remove a subdural haematoma from her brain.

President Fernández was hospitalised on Sunday evening after feeling a tingling sensation down her left arm. Upon hearing the news, supporters of the president began to arrive at the clinic, bringing messages of hope and solidarity. These messages were echoed around social networks under the slogan ‘Fuerza Cristina’

Following the operation yesterday morning, a government spokesperson informed that the operation was a success and that the president was “in good spirits”, while a statement today confirmed her recovery continues “favourably and without complications”.

Photographer Patricio Guillamón was outside the centre and shares some of his images from the vigil here.

CFK vigil1

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CFK Vigil 10

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Argentine President Makes her Speech at the UN General Assembly

President Fernández speaks before the UN General Assembly (photo: Presidencia/Télam/cf)

President Fernández speaks before the UN General Assembly (photo: Presidencia/Télam/cf)

Yesterday, President Cristina Fernández de Kirchner gave her speech at the 68th UN General Assembly. In the main points of her speech the President urged Iran to move forward with the AMIA agreement, highlighted the need to reform the UN Security Council, and heavily criticised vulture funds and the UK’s no-dialogue stance on the Falklands/Malvinas Islands.

Speaking about the AMIA agreement, which was signed by Argentina and Iran in January 2013 in order to move forward with investigations on the 1994 bombing, the President said “I hope [Iran] tells us if they have approved the agreement, when they are going to approve it if they haven’t already, and, furthermore, that we can agree on a date to form a Comission so that the Argentine judge can go to Tehran.”

“We are not afraid of going to Tehran,” she added, stating that the victims of the 1994 terrorist attack deserved a response. She went on to say, however, that having listened to Iranian president Hassan Rohani’s speech, she was optimistic that they would receive a “positive response” on the matter.

The President also used the opportunity to reiterate her desire for the UN Security Council to be reformed, stating that the institution had proven to be outdated, “completely dysfunctional and obsolete.” She cited how the institution had recently dealt with Syria as an example of its inefficiency, but said that this was just one example of many. She also stressed that “the right to veto a decision has become and obstacle” and called for a system of “global law and governance” to be created.

Elaborating on Syria, the President critcised the great powers’ reaction to the situation, saying: “What is the difference between death by firearm and death by chemical weapons?”, and addressing these powers she said: “We had to wait for 1,000 people to die by chemical weapons before we discovered that 150,000 had been killed by fire arms. Maybe the countries that sell weapons can tell us why… There are no fair wars, only peace is fair.”

An important part of the president’s speech was dedicated to the re-negotiation of Argentine debt and the vulture funds dispute, which the United States’ Supreme Court will begin to debate on Monday. She said: “they bought the debt for US$40m and today they want us to pay US$1.7bn. Its a 1,300% increase” and declared that, if this kind of operation is not condemned internationally it will be impossible to find businesses that want to invest in a country to create jobs.

At this moment in her speech the president recalled the former US Secretary of the Treasury Paul O’Neill’s jibe at Argentina in 2001, when he said that US plumbers did not want to pay for Argentine’s parties, saying ‘Today, millions of Argentines who are economically starting to find their feet again do not want to pay for the lobbyists’ parties.”

Finally, President Fernández renewed her claim over the Falkland/Malvinas Islands saying that the United Kingdom was “completely ignoring” the UN resolultions for dialogue between the two countries and expressing her belief that it was ironic that “dialogue” had been mentioned in so any speeches but, in this case, was not put into practice.

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