"You have to define what is a negotiation and what is extortion," said Cristina Kirchner on national TV
President Cristina Fernandez de Kirchner spoke for the National Network.
Stated that Judge Thomas Griesa, before the claim of the fund NML "he ordered to pay cash, one above the other, to put it in Creole, are 1.500 million" orders "to pay 1,500 million, together, no run, now, cash, versus 92 percent of other creditors who accepted bondholders also remove, time, wait and who have paid them regularly. "
Noted that "there are some who say: And why not pay these 1,500 million and finish everything? because there is another much more serious problem that accounts for 1 percent of those who entered the default, another 7 percent accepted that this criterion NML pay 1,500 million, they would be able to charge the Argentina and now 15,000 million" that "is more than half of the total reserves of the Central Bank. "
Described it as "absurd, but it is impossible for a country to allocate more than 50 percent of the total monetary reserves its central bank in a single payment to creditors. But also with the possibility that the other 92 percent , which is the bulk of the creditors, find another judge also read "good but if you accepted removed, deadlines and it turns out someone was benefited taking 1 percent and scored once full payment, you are also entitled the same thing as a matter of fairness and equality. "
"Who finds a judge Griesa- She warned-, you may find another judge who also give them reason, which we would also be faced with the possibility rather than certain it was required all the Argentina debt restructuring operated in 2005 and operated in 2010, it fell like a house of cards and the obviously the Argentina Republic. "
Noting that "the will of negotiation of Argentina is more than demonstrated," warned that "we must distinguish between what is a negotiation of what is extortion."
"Every governor, every country, every leader in the field of politics, the economy is said to be willing to negotiate, I could not do, at least no president of a sovereign nation, we submit for your country and its people with a similar extortion. "
Then said to go "not only the millions of Argentines who we are certainly listening, I want to address also essentially 92 percent of creditors who believed in Argentina and want to tell them that Argentina will meet its obligations" so stated. "Argentina is not going to defaultear its restructured debt we are also willing, as we have always done and because we open the exchange, to enter the exchange 100 percent of creditors of Argentina, that 7 percent is still missing also enter ".
"What does not is, well, shall we say, well let us say with all the letters, why are subjected to such extortion. I do not think he deserves neither our country nor the bondholders to whom they want to prevent or were want to seize our funds now pay later this month, on June 30, have maturities by $ 900 million and we will pay them. "
Stated then that "I have instructed the Ministry of Economy and all the technical agencies of the national state to have all instruments and all necessary for all those who have trusted in Argentina, get their money strategies, receive dollars to which we are committed to pay. But we do seriously and responsibly. "
She said that "this is not a cause involving only the Argentina Republic. Involves, as I said yesterday in the meeting in Santa Cruz, Bolivia, at the meeting of G-77 + China, the entire global financial system on so many people joined us in front of the Court. "
She said that "we want to meet and honor our debts and we will do it. But we do not want to be complicit in this way of doing business either, not otherwise qualify some want to install it in the world."