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Wed 13 Aug 2014 01:13 PM

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Argentinians against 'vulture funds'

A New York court has awarded two US vulture funds a $1.3bn payout on debts bought up after Argentina’s debt crisis in 2001. Argentinians are angry and blame hedge funds for the country's failure to pay interest on its loans

Argentinians against 'vulture funds'
An image of Argentine President Cristina Fernandez de Kirchner is seen on a huge screen during an act against the so called 'vulture funds', organized by pro Kirchner political forces, at Luna Park stadium, in Buenos Aires on August 12, 2014. The US judge presiding over Argentina's debt dispute with two American hedge funds threatened to hold the country in contempt of court for 'false and misleading' statements. The warning came after Argentina accused US District Judge Thomas Griesa of overstepping his jurisdiction by blocking the country from servicing its restructured debt until it settles its $1.3-billion dispute with the hedge funds. (AFP/Getty Images)
Argentinians against 'vulture funds'
Supporters of Argentine President Cristina Fernandez de Kirchner shout slogans during an act against the so called 'vulture funds', organized by pro Kirchner political forces, at Luna Park stadium, in Buenos Aires on August 12, 2014. The US judge presiding over Argentina's debt dispute with two American hedge funds threatened to hold the country in contempt of court for 'false and misleading' statements. The warning came after Argentina accused US District Judge Thomas Griesa of overstepping his jurisdiction by blocking the country from servicing its restructured debt until it settles its $1.3-billion dispute with the hedge funds. (AFP/Getty Images)
Argentinians against 'vulture funds'
The president of the Human Rights association Mothers of Plaza de Mayo, Hebe de Bonafini (C), Buenos Aires Province Vice-Governor, Gabriel Mariotto (L), and pro-government social leader, Luis D'Elia (R), take part in a ceremony against the so called 'vulture funds', organized by pro Kirchner political forces, at Luna Park stadium, in Buenos Aires on August 12, 2014. The US judge presiding over Argentina's debt dispute with two American hedge funds threatened to hold the country in contempt of court for 'false and misleading' statements. The warning came after Argentina accused US District Judge Thomas Griesa of overstepping his jurisdiction by blocking the country from servicing its restructured debt until it settles its $1.3-billion dispute with the hedge funds. (AFP/Getty Images)
Argentinians against 'vulture funds'
Supporters of Argentine President Cristina Fernandez de Kirchner attend an act against the so called 'vulture funds', organized by pro Kirchner political forces, at Luna Park stadium, in Buenos Aires on August 12, 2014. The US judge presiding over Argentina's debt dispute with two American hedge funds threatened to hold the country in contempt of court for 'false and misleading' statements. The warning came after Argentina accused US District Judge Thomas Griesa of overstepping his jurisdiction by blocking the country from servicing its restructured debt until it settles its $1.3-billion dispute with the hedge funds. (AFP/Getty Images)
Argentinians against 'vulture funds'
Supporters of Argentine President Cristina Fernandez de Kirchner take part in a ceremony against the so called 'vulture funds', organized by pro Kirchner political forces, at Luna Park stadium, in Buenos Aires on August 12, 2014. The US judge presiding over Argentina's debt dispute with two American hedge funds threatened to hold the country in contempt of court for 'false and misleading' statements. The warning came after Argentina accused US District Judge Thomas Griesa of overstepping his jurisdiction by blocking the country from servicing its restructured debt until it settles its $1.3-billion dispute with the hedge funds. (AFP/Getty Images)
Argentinians against 'vulture funds'
A man sells t-shirts next to banners depicting US judge Thomas Griesa outside the Luna Park stadium during a ceremony against the so called 'vulture funds', organized by pro Kirchner political forces, in Buenos Aires on August 12, 2014. The US judge presiding over Argentina's debt dispute with two American hedge funds threatened to hold the country in contempt of court for 'false and misleading' statements. The warning came after Argentina accused US District Judge Thomas Griesa of overstepping his jurisdiction by blocking the country from servicing its restructured debt until it settles its $1.3-billion dispute with the hedge funds. (AFP/Getty Images)
Argentinians against 'vulture funds'
Supporters of Argentine President Cristina Fernandez de Kirchner take part in a ceremony against the so called 'vulture funds', organized by pro Kirchner political forces, at Luna Park stadium, in Buenos Aires on August 12, 2014. The US judge presiding over Argentina's debt dispute with two American hedge funds threatened to hold the country in contempt of court for 'false and misleading' statements. The warning came after Argentina accused US District Judge Thomas Griesa of overstepping his jurisdiction by blocking the country from servicing its restructured debt until it settles its $1.3-billion dispute with the hedge funds. (AFP/Getty Images)