Lula sends message to rally in support of Argentina.
At an event held in a Buenos Aires concert hall against the funds with which Argentina is in dispute, one of the presenters read a letter sent by former President Lula, in which he states his support for "the people's struggle for political and economic sovereignty" and his solidarity with the Argentinians.
247 Former President Lula sent a message of support to an event held at a concert hall in Buenos Aires against the funds with which Argentina is in dispute.
In the text read by one of the presenters, he stated that he supports "the people's struggle for political and economic sovereignty" and that he stands in solidarity with the Argentinians.
The so-called vulture funds won a legal battle in the United States to receive the full amount of the debt from the Argentine default declared in 2001, which could reach US$15 billion.
The bonds were purchased in 2008 at low prices from investors who refused to accept the 2005 debt restructuring proposal. Of all creditors, 92% accepted the renegotiation; the remainder resorted to the courts to receive the adjusted value of the debt.