Argentina justifies bill to facilitate foreign debt payments (5)

Xinhua 2014.08.21 09:40
BUENOS AIRES, Aug. 20 (Xinhua) - Argentine Economy Minister Axel Kicillof Wednesday justified a bill to facilitate the country's foreign debt payments. The bill proposes changing the trustee bank, where funds are deposited to pay creditors, from the current Bank of New York Mellon to a national bank based in the Argentine capital Buenos Aires. "The core of this legislation is that if faced with an impediment that
ARGENTINA, CREDITOR, PAYMENT, DEBT, BONDHOLDER, BOND, Griesa, Elliott Management Corp., AR, USA