go to top

'Economic Sovereignty' Costs Argentina’s Kirchner at Home and Abroad

Jonathan Gilbert Thursday, Jan. 17, 2013

BUENOS AIRES, Argentina -- On Wednesday evening, hours before she flew to Havana to symbolically visit regional ally Hugo Chávez, Argentine President Cristina Kirchner was in Mar del Plata, Buenos Aires province, to celebrate the return of the naval ship Libertad. The ship had been impounded in Ghana at the request of NML Capital -- an unpaid creditor from Argentina’s $100 billion default in 2002.

The frigate’s homecoming, facilitated by an international maritime court ruling, was a victory for Kirchner’s self-proclaimed “national and popular” project. Her government refuses to pay so-called vulture funds such as NML, which bought up debt at a vastly reduced rate when Argentina was on the edge of collapse, and has appealed against a recent order by an American judge to do so. ...

Want to Read More?
Login or Subscribe Today.
Monthly
$ 11.99 for 1 month
  • Two-week FREE trial access.
  • Cancel any time.
  • $11.99 each month.
Try It FREE
Quarterly
$ 17.99 for 3 months
  • Two-week FREE trial access.
  • Cancel any time.
  • $17.99 every three months.
Try It FREE
Annual
$ 59.99 1 year
  • Two-week FREE trial access.
  • Cancel any time.
  • Just $59.99 a year.
Try It FREE