Region:
Europe
Category:
Politics

France will support Argentina in negotiating with the Paris Club

Said French President Francois Hollande after meeting with Cristina Fernández

French President affirmed that France will "support" to Argentina in their negotiations to settle the debt with the Paris Club.
Meanwhile the president said France's decision to act as "amicus curiae" in the trial that Argentina has with the holdouts (known as vulture funds), which require that they pay the bond debt at nominal price and not the price who was paid 93 percent of creditors who accepted the exchage.
"It is important for developed countries emerging out of debt can grow and strengthen our business so we can honor our debt," said the Head of State Argentina in a statement to the press that he shared with Hollande in the Elysee Palace, seat of the French government.
traslation: Belén Zapata