The Cristina Fernández de Kirchner administration will be not getting down on its knees in a negotiation with vulture funds, Central Bank head Alejandro Vanoli affirmed once the January 1 date comes and the controversial RUFFO clause – preventing Argentina from voluntarily offering holdout creditors better terms than those of its 2005 and 2010 restructurings- falls.
“If someone thinks that on January 1 we will go on our knees to negotiate with vulture funds, is getting it all wrong about how the national government works,” the official said during the International Political Economy Congress celebrated at the University of Moreno in that locality of the province of Buenos Aires today.
According to Vanoli, “devaluation expectations” have even fallen among “market operators, who are the ones that fostered” devaluation as he accused what he called a “mob of domestic vultures” of fueling market fears “to favour the (electoral) chances of those who next year will seek to promote a different» economic model.
buenosairesherald.com