Pursuits
Argentina's Scioli Vows to Continue Fernandez Holdouts Policy
- Candidate says he'll seek $30 billion in annual investments
- Scioli pledges to continue to fight against vulture funds
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Argentina’s ruling party presidential candidate Daniel Scioli echoed the current administration’s position on so-called vulture funds that have sued the nation in U.S. courts to demand payment on their defaulted bonds.
Scioli, outlining his economic policies in a speech Monday, said he’ll continue the fight for “a world without vultures” and would try to meet obligations with 100 percent of Argentina’s creditors under “fair, equal and legal” terms. Argentina, he said, has proven it can access multi-lateral lending without paying hedge funds what they’ve demanded.