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Argentina’s Economy Held Hostage by Jewish Billionaire Investment Mafia?

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World Bulletin / News Desk

The hedge funds suing Argentina over its 2002 debt default are an “international mafia” out to wreck the country’s finances, the government said on Thursday, pumping up the rhetoric in a battle that is squeezing the struggling Argentine economy.

With its peso currency at record lows, foreign reserves down more than 5 percent over the last year and vast shale oil and gas resources laying undeveloped in its southern Patagonia region, Argentina is desperate to tap foreign financing.

But the debt case, which stems from Argentina’s default on nearly $100 billion in sovereign bonds 12 years ago, is blocking its access to the international bond market.

“Today we are in the hands of an international financial power comprised of small, voracious interests that form a real international mafia,” Jorge Capitanich, the Cabinet chief and government spokesman, told reporters in Buenos Aires.

Many Argentines side with their government against a group of hedge funds that rejected the country’s 2005 and 2010 debt restructurings in which holders received less than 30 cents on the dollar.

 

http://www.worldbulletin.net/todays-news/142508/argentina-calls-hedge-funds-in-debt-case-an-international-mafia

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Written by voiceoftruthusa

August 15, 2014 at 2:43 am

Posted in Uncategorized

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