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Cristina Kirchner Insists on Paying Debt

Friday, 05 March 2010 09:25

In a press conference broadcasted by national chain Cristina Fernandez de Kirchner confirmed that she will pay private debt with the money drawn from the Central Bank to the National Treasury despite the contrary opinion of the opposition. "Here there is no co-government", she said, "I am the president." "I'll pay the debt and I will keep doing it; it would be an act of manifest irresponsibility if I ever leave Argentina in a defenseless situation to creditors," said President Cristina Fernandez yesterday at a ceremony in the House of Government. Her speech was tough and had as main targets the judiciary and political opposition.
Yesterday morning, it emerged that the judge in Federal Administrative Litigation, Claudia Rodriguez Vidal, ordered the Ministry of Economy "refrain from having in any way, the funds that have been drawn" by the Central Bank (BCRA) Fund Argentine Debt Relief, created Monday by a decree of necessity and urgency of the Executive. The statement required a pronunciation of Congress on the issue, which angered the president. The Justice held that the decree "is identical to the repealed 2010/09, which created the Bicentennial Fund" and called as a precautionary measure the cessation of payments.
On Wednesday, after an agreement reached by the opposition in the Senate to remove the president of the Central Bank, Mercedes Marco del Pont, Fernandez de Kirchner said that "it was the act of revenge by the most despicable" that saw the Argentine Parliament . 'We are facing impeachment attempts apparent. How can in half an hour be decided that Marco del Pont can not be the president of the Central Bank? I never saw such subjugation of what belongs to each branch. And to think that we were called authoritarian" she added. She called the opposition bloc, which joined 37 senators and took control of the committees," most sui generis "and" political grout. "They just want to clog and not work the institutions' accused.

(www.180.com.uy and www.elpais.com.uy, 5 March 2010)

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