VOICED : Argentina intenta aplazar el pago de fondos buitre

VOICED : Argentina intenta aplazar el pago de fondos buitre

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10th Grade - University

Hard

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Argentina requested a temporary suspension of a court ruling mandating a $1.33 billion payment to hedge funds, as it negotiates to avoid default. Talks with creditors took place in New York, aiming to prevent a moratorium. These creditors, known as vulture funds, bought the debt in default and seek full payment plus interest. The judge's decision on Argentina's request could prevent asset seizures meant for other creditors who accepted debt swaps in 2005 and 2010. The grace period for Argentina to pay $900 million on restructured bonds ends on July 30. Latin American political blocs expressed concern over the US court's decision, with Mercosur members, led by Brazil, showing support for Argentina, emphasizing that payments should not hinder economic growth or citizens' welfare.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

¿Qué fecha expira el periodo de gracia para que Argentina pague 900 millones de dólares por bonos reestructurados?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

¿Qué expresaron los socios del Mercosur en relación al pago de los fondos especulativos?

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