Jun 27 (Prensa Latina) Cuba has expressed solidarity with Argentina in its struggle against the so-called vulture funds, and warned about speculative funds being used to attack Latin American and Caribbean integration processes.

The Cuban Ministry of Foreign Affairs (MINREX) echoed on Tuesday, June 24, an accusation by Argentinian President Cristina Fernandez about a decision from the U.S. Supreme Court and an appeals court in that country, that is contrary not only to the South American country’s interests, but also to 92 percent of creditors who agreed to restructured debt payments.

In that sense, MINREX charged “that we are in the presence of a new kind of aggression against southern nations, which feeds on the economic conditions generated by external debt and the crisis of capitalism.”

In this respect, MINREX warned that “20 countries have been victims of these kinds of actions, fundamentally directed against progressive governments that defend their sovereignty, as the Summit of Group 77 plus China, held in Bolivia, recently revealed.”

This aggression against Argentina is also directed against the rest of Latin America, and especially against the integration process underway in Latin America and the Caribbean, the text warned.

By “defending Argentina, we defend the southern nations’ right to sustainable development and a just international economic order.”

Cuba also said “Argentina has been put today on the verge of an unprecedented sovereign debt crisis, even in comparison with that of 2001, which left half of Argentinians in poverty and a quarter of its people unemployed, according to denunciations from the government and the congress of that South American country”

This is not the first time that courts from industrialized countries have ruled in favor of the holders of vulture funds. The phenomenon was described and denounced in 1986 by the historic leader of the Cuban Revolution, Fidel Castro, during his battle against foreign debt held by the Third World, the text said.

Cuba recalled that economists, international organizations and a variety of governments “have questioned the corrupt speculative behavior of the owners of vulture funds and US judges who put US courts above international law and the national laws of the United States.”

PHOTO: Imagen de muestraHavana,

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