Argentina’s Macri hopes for creditor deal early in 2016


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Argentine President Mauricio Macri said on Friday that talks with U.S. creditors in a long-running legal battle over unpaid debts had not made much progress, although he hoped to reach a settlement early this year.

“We want to reach a settlement, find a fair agreement,” Macri told Reuters on the sidelines of the World Economic Forum in Davos, adding that he hoped to reach a deal “this year, early this year”.

Macri said the biggest sticking point in the discussions was the issue of penalties on Argentina’s defaulted bonds.

“We don’t want to discuss capital, we want to discuss penalties which are really high. In some cases penalties arrive to 80 percent and in case of one bond capital is 10 cents and penalties are 90 percent,” the president said.

 

http://www.reuters.com/article/us-argentina-president-idUSKCN0V00UP

Argentina’s Macri hopes for creditor deal early in 2016


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Argentine President Mauricio Macri said on Friday that talks with U.S. creditors in a long-running legal battle over unpaid debts had not made much progress, although he hoped to reach a settlement early this year.

“We want to reach a settlement, find a fair agreement,” Macri told Reuters on the sidelines of the World Economic Forum in Davos, adding that he hoped to reach a deal “this year, early this year”.

Macri said the biggest sticking point in the discussions was the issue of penalties on Argentina’s defaulted bonds.

“We don’t want to discuss capital, we want to discuss penalties which are really high. In some cases penalties arrive to 80 percent and in case of one bond capital is 10 cents and penalties are 90 percent,” the president said.

http://www.reuters.com/article/us-argentina-president-idUSKCN0V00UP

 

At least 41 police officers killed in Argentina bus crash


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At least 41 police officers were killed Monday and some reportedly were trapped after their bus flipped and fell off a bridge in northern Argentina.

Authorities say the crash happened early Monday while a convoy of three buses with gendarmes officers was traveling near Salta, a city about 932 miles north of Buenos Aires.

“For reasons that are still unknown, the bus lost control while entering the bridge and fell into the creek bed below,” said a statement issued by the National Gendarmerie, a special police force typically charged with patrolling frontier regions.

http://www.foxnews.com/world/2015/12/14/at-least-41-police-killed-in-argentina-bus-crash/

AT LEAST 41 POLICE OFFICERS KILLED IN ARGENTINA BUS CRASH


At Least 41 Police Officers Killed in Argentina Bus Crash

Authorities say the crash happened early Monday while a convoy of three buses with gendarmes officers was traveling near Salta, a city about 932 miles north of Buenos Aires.

“For reasons that are still unknown, the bus lost control while entering the bridge and fell into the creek bed below,” said a statement issued by the National Gendarmerie, a special police force typically charged with patrolling frontier regions.

At Least 41 Police Officers Killed in Argentina Bus Crash

Argentina bus crash leaves 43 border patrol officers dead


A bus carrying Argentine border patrol officers blew a tire and tumbled from a bridge into a dry river bed in the northern province of Salta on Monday, killing 43 and injuring eight, authorities said.

The vehicle was part of a three-bus convoy carrying officers of Argentina’s gendarmerie, which patrols the country’s borders. Salta borders Bolivia, Chile and Paraguay.

Border security has become a hot issue in Argentina as the country has emerged as part of a route used for smuggling Andean cocaine to Europe and for human traffickers sending Syrian refugees through the Western Hemisphere.

“Forty three gendarmes lost their lives here today. Eight more were injured, one critically,” Salta Governor Juan Manuel Urtubey told reporters at the scene. “We are still working to recover bodies from inside the bus.”

http://www.reuters.com/article/us-argentina-crash-idUSKBN0TX1K320151214