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ARGENTINIAN DEBT DEFAULT

EDM (Early Day Motion) 226: tabled on 19 June 2012

Tabled in the 2012-13 session.

This motion has been signed by 18 Members. It has not yet had any amendments submitted.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

That this House is seriously concerned about Argentina's refusal to negotiate with and pay many foreign lenders following its historic 2001 $81 billion default; notes its continued misdirection over economic figures which are contested by independent economists, statistical offices and surveys of inflation; is deeply concerned over recent moves to nationalise businesses not owned by Argentina and continued defiance of decisions made by the World Bank's International Centre for the Settlement of Investment Disputes as well as numerous court judgments around the world; further notes that the EU has filed an impending trade-suit against Argentina at the World Trade Organisation over import restrictions and the seizure of Repsol's YPF; further notes that the G20 is a forum for serious international economic powers and for serious discussion; and holds that the G20 should reconsider Argentina's role within the organisation.

These members had previously signed the motion, but have now withdrawn their support. The date shown is when the Member withdrew their signature from the motion.