Connect with us

Hi, what are you looking for?

Jewish Business News

World News

Argentina’s President to Meet with George Soros on Debt Crisis

G20 Leaders Meet In St. Petersburg For The Summit

Argentina’s president, Christina Fernandez de Kirchner will meet with George Soros of the Quantum Fund in New York. Soros sued the Bank of New York because it held funds from Argentina intended to repay bondholders. Prior to going to the U.S., she will travel to see Pope Francis in Rome (she can use all the intervention she can get) and will then attend the United Nations Summit.

In her last visit in 2012, the President of Argentina said business people predicted a “promising future” for her country. Unfortunately, those predictions did not come to fruition, as Argentina defaulted on its debt for the second time in a decade. Billionaire Paul Singer is involved in a fight to force repayment which President de Kirchner is trying to fight against. Some bondholders have been repaid but at a loss, while Singer has subpoened Chinese banks for information on the $6.8 billion in financing between the two countries. The Chinese banks have until October to provide the information, while Singer plans subpoenas for Citigroup and HSBC for information they might have regarded suspected embezzlement.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Advertisement
cialis cialis satış