UN debates new regulatory framework for debt restructuring

2014-09-10 1

The UN debate and vote on the Argentine and G77+China motion to create a new regulatory framework for sovereign debt restructuring could mean the end of vulture funds. The motion states that if a country restructures its debt and this is accepted by 66% of its creditors the remaining third must accept the conditions as well. Leo Poblete speaks to analysts in Buenos Aires. teleSUR