Argentina Receives Support from Belgium In Vulture Funds Dispute

Argentina Receives Support from Belgium In Vulture Funds Dispute

In its fight against hedge fund speculation, Argentina has received support from Belgium. In the framework of the EU-CELAC summit held in Brussels earlier this week, Belgium Foreign Affairs Minister Didier Reynders met with his Argentine counterpart Hector Timerman. The Belgian Parliament is set to vote on a bill that would place a limit on what vulture investors can raise from sovereign bonds if a country defaults and would forbid those who bought sovereign debt on the cheap from suing for the full amount. Argentina is calling for the UN to establish a legal framework to regulate such transactions. Laureano Ponce reports from Buenos Aires.


User: teleSUR English

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Uploaded: 2015-06-12

Duration: 01:29

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