Does denial make
it so, in Buenos Aires;
Cabinet Chief Jorge Capitanich said that "to claim that Argentina has entered into technical default is an absurd falsehood".
The people holding Capitanich's government's money
have a different opinion;
The Bank of New York Mellon (BNY) sent a formal letter to holders of
Argentina's exchange bonds essentially confirming that the sovereign had
defaulted.
The letter confirmed that BNY, acting as trustee, was still holding
the funds that would have covered the payment due by July 30 in the wake
of a US court order not to release the funds.
No comments:
Post a Comment