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Vulture funds are trying to bring us to our knees
Brian Precious talks to Argentina’s ambassador Alicia Castro about the vulture funds trying to fleece her country

Argentina is in a dispute over defaulted bonds. US billionaire Paul Singer's company, NML Capital, has won a victory in the US Supreme Court, ordering Argentina to pay the full value of bonds which NML Capital bought for a low price from their original holders, hoping to make a profit which President Cristina Fernandez has described as "1,608 per cent," which she describes as extortionate.


BRIAN PRECIOUS: These bonds appear to have defaulted in 2001. Were they issued by the government of Carlos Menem before Argentina's economic collapse at the turn of the century?

ALICIA CASTRO: The debt defaulted after the 2001 crisis was taken on by successive Argentinian administrations, dating as far back as the mid1970s.

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