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Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

Argentina deposited over $1,000 million for hedge funds

Posted On 27 Jun 2014

Axel_KicillofThis Thursday Argentina deposited about 1,000 million to cancel the debt owed by hedge funds.

“The Argentina Republic, in fulfillment of the contract with the holders who adhered to the exchange, has proceeded to the payment of capital and interest services”, said Economy Minister Axel Kicillof.

The deposit of more than $1,000 million from Argentina was done yesterday as payment to the holders of the debt that matures next Monday. Meanwhile, Argentina negotiated with creditors of defaulted bonds to avoid a default.

However, a judgement of the U.S. judge Thomas Griesa do not allow creditors who accepted the established debt to cash out the money if Argentina does not pay also to  the dissenting holders that require complete liquidation.

Griesa said in his judgement that the U.S. banks that process payments of the Argentina´s debt must withhold the money.

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