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WASHINGTON, Jan. 28 /PRNewswire/ -- American Task Force Argentina (ATFA) today announced the addition of The Latino Coalition (TLC) to the growing coalition of organizations pursuing a fair resolution of Argentina's unpaid debts to United States citizens. In 2001, the nation defaulted on $81 billion in obligations to investors -- the largest sovereign debt default in history -- and restructured its debt on unprecedented and unfair terms. Argentina's actions have had serious global consequences, especially in the U.S.
"Year after year, the Argentine government, led by President Kirchner and her predecessor, has mishandled Argentina's economy and blatantly ignored a series of judgments handed down by U.S. courts," ATFA Co-Chair Rob Shapiro said. "ATFA's mission is to fairly resolve this situation and we greatly appreciate the support of The Latino Coalition, which will help advocate on behalf of the millions of American taxpayers affected by the Argentine debt restructuring."
 ATFA's mission is to fairly resolve this situation and we greatly appreciate the support of The Latino Coalition, which will help advocate on behalf of the millions of American taxpayers affected by the Argentine debt restructuring |
ATFA member organizations have advocated for several years for a just reconciliation of the Argentine government's 2001 debt default and 2005 restructuring. The partnership with TLC will add momentum to the coalition's efforts to encourage the U.S. government to vigorously seek fair treatment for U.S. taxpayers, including the Latino community.
"All Americans are affected by Argentina's debt default, but the Latino community is directly impacted because of the significant progress we've made in business and government," The Latino Coalition Executive Director Allen Gutierrez said. "Our partnership with ATFA will assist us in our mission to achieve full economic and social potential for our members in the United States and champion policies in the best interest of the Latino community."
To view the TLC press release on their partnership with ATFA, visit http://www.thelatinocoalition.com/news.php?id=20.
"Congress and the incoming Administration must act swiftly to bring this situation to a fair resolution," ATFA Executive Director Robert Raben said. "Argentina can afford to pay what it owes, and it's long past time they did."
The ATFA coalition has a wide range of prominent national and state groups as members. For a complete list, visit http://www.atfa.org/about/.
The Latino Coalition (TLC) is a non-profit, nationwide organization based in California, with offices in Washington, D.C. and Mexico. TLC was established to address policy issues that directly affect the well-being of Hispanics in the U.S. TLC's agenda is to develop initiatives and partnerships that will foster economic equivalency and enhance overall business, economic and social development of Latinos. For more information, visit the TLC website at http://www.TheLatinoCoalition.com.
Made up of an alliance of organizations, ATFA's leadership includes Executive Director Robert Raben, a former Assistant Attorney General at the U.S. Department of Justice, and is co-chaired by The Honorable Robert J. Shapiro, former Under Secretary of Commerce for Economic Affairs in the Clinton Administration, and Ambassador Nancy Soderberg, Ambassador at the U.S. Mission to the United Nations in New York from 1997 to 2001.
For additional information, please visit our website at http://www.atfa.org, or contact media@atfa.org, or +1-888-662-2382.
SOURCE American Task Force Argentina
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