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Latino Daily News

Thursday October 7, 2010

Argentinian President in Berlin to Discuss Renegotiation of Nation’s Multi-Billion Dollar Debt

Argentinian President in Berlin to Discuss Renegotiation of Nation’s Multi-Billion Dollar Debt

Photo: Juan Laverde for HS News

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President of Argentina Cristina Fernández de Kirshner made a plea to global financial institutions last Wednesday urging them to enter negotiating talks with Buenos Aires about the repayment of the nation’s sovereign debt.

President Fernández alleged that Argentina has always displayed eagerness and promptness when it comes to pay its multi billion dollar debt to the Paris Club, a group of wealthy creditor nations.

Fernández was also quoted saying that “after the international crisis of 2008 new rules are required for the financial system.”

German Chancellor Angela Merkel proposed after a luncheon and a meeting with the Argentine president to reactivate the mixed commission between the two nations, which has been halted for almost 20 years.

After the meeting with Chancellor Merkel, Fernandez was scheduled to meet with her German homologue, Christian Wulff, at the Bellevue Palace.