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Argentina Protects National Interests in Debt Dispute

Buenos Aires, August 12 (Xinhua-RHC) -- The Argentinian government is protecting national interests in its debt dispute with holdout funds, Cabinet Chief Jorge Capitanich said Monday.

In his daily press briefing, Capitanich said the drawn-out dispute with those debt-holders, which have rejected Argentina's debt restructuring plan, was not politically motivated, but for protecting a sovereign nation.

According to Capitanich, "nearly 72 percent of Argentineans support the stand" taken by President Cristina Fernandez in the matter.

The dispute played out in a New York City court, but Argentina has taken the case to The Hague-based International Court of Justice, arguing that U.S. courts have overstepped their jurisdiction and violated the nation's sovereignty by interfering in its negotiations with creditors. Washington has rejected the accusation.


Edited by Juan Leandro
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