UN Human Rights Council backs Argentina on US debt row

[Judi Lynn]

UN Human Rights Council backs Argentina on US debt row
26 September 2014 Last updated at 18:15 ET

The United Nations Human Rights Council has passed a resolution in Geneva condemning a group of American hedge funds that took Argentina to court.

The investors are demanding payments worth more than $1.3bn (£766m) dollars on government bonds they hold.

Argentina defaulted on its debts in July after refusing to comply with a US court ruling in favour of the funds.

It is searching for ways of meeting its obligations to its other creditors without paying the hedge funds in full.

~snip~
It was approved by 33 votes to five, with nine countries abstaining.

The United States, Britain, Germany, Japan and the Czech Republic voted against.

More:
http://www.bbc.com/news/world-latin-america-29387872

[Louisiana1976]

1. Good for the UN Human Rights Council.

[Fred Sanders]

2. All the capitalist nations that worship the sacred cow of corporations and profit voted against.....