Gabbi: It is essential to comply with the commitments to the - TopicsExpress

Gabbi: It is essential to comply with the commitments to the holdouts The president of the Board of Trade said that if the Argentines invest in dollars, is that you do not have confidence Kicillof. BUENOS AIRES President of the Stock Exchange of Buenos Aires, Adelmo Gabbi, today warned that it is essential to comply with the commitments with the holdouts, he warned, are finding similar to January variables when it was devalued . The statement (Thomas) Griesa is absolutely correct, but the Argentina identified a jurisdiction that is New York. And if a judge ruled that jurisdiction, we have to meet, he said. In an interview with the daily La Nación, Gabbi also stressed that it is essential to meet the commitments with debt holders because, he explained, so that more investment is needed confidence. Whoever does not pay does not inspire confidence. When asked if he trusted the Economy Minister Alex Kicillof, the holder of the Stock Exchange said... I would trust him would need But I would not ask me, but Argentines and Argentines determine confidence in a government on election day, then every day when they invest their surplus. If you invest in dollars, is that you do not have confidence. Regarding the dollar, Gabbi remarked that there should be a single dollar, a dollar absolutely free and believed that removing the stocks that the government established the dollar probably would not be worth 14 pesos in the irregular market. In this regard, the president of the Stock Exchange estimated that without government restrictions dollar could trade as 10,50, 11 pesos. Gabbi also warned that are finding similar to January variables when the government implemented the devaluation, but stressed that hopefully they are not identical. The president of the bag also criticized the potential application of the Supply Act, stating that in no way supports the standard because, he said, believe in freedom and that the price puts it supply and demand, not the state. (DYN)

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