Sunday, November 4th 2012 - 06:24 UTC

Argentina to blast ‘vulture funds’ at the G20 ministerial meeting in Mexico

Argentine Economy Minister Hernán Lorenzino and Central Bank Governor Mercedes Marcó del Pont are leading the country’s delegation in the technical G20 meeting in Mexico, where they are expected to insist on the government’s criticisms against ‘vulture funds’ and credit rating agencies.

Minister Lorenzino: “not one dollar to the holdouts”

The Government officials are taking part of different meetings during the weekend, including a dinner that Lorenzino will share with fellow Finance Ministers. International Monetary Fund chief Christine Lagarde and World Bank president Jim Yong King will also take part of the dinner.

On Sunday, following the traditional “family photo” finance ministers will meet and later issue a formal declaration and a communiqué stating the results of the meeting.

The G20 group represents 85% of the world GDP and includes the following countries: Germany, Canada, US, UK, France, Italy, Japan, Argentina, Australia, Brazil, China, South Korea, Russia, South Africa, Indonesia, India, Mexico and Turkey.

Earlier in the week Minister Lorenzino said that “the attacks on risk qualifiers and the vulture funds are not going to stop Argentina from keeping its promises” referring to the payment of large debts the country owes. But “we will not pay one dollar toward the vulture funds.”

On Thursday, President Cristina Fernández de Kirchner criticized credit rating agencies and vulture funds as she addressed the impounding of the Libertad frigate in Ghana and the New York court ruling in favour of bondholders that did not take part of the debt swap in 2005.

“It’s a court that evidently does not know enough about its own legislation”, the Head of State said, who considers that a recent ruling against Argentina by a New York appeals court “puts 93% of creditors at risk because of the holdouts.”

A federal appeals court in New York ruled that Argentina violated bond provisions to treat all creditors equally when it made payments to creditors who accepted the swaps while refusing to pay the holdouts. It said Argentina must pay the holdouts every time it services the restructured bonds.

But Cristina Fernandez said that her government “would honour its debts” and blasted the ‘vulture funds’ saying it would be ”a great deal for the ‘vulture funds’ to see us not meet our payments, since they, who are very few people, have historically made a bucket full of money every time the Argentines went broke. That's why they want to see us broken. But I have bad news for them: We are going to pay and with dollars because we have them to our creditors, but not one dollar to the ‘vulture funds’”
 

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1 Spainexpat (#) Nov 04th, 2012 - 06:53 am Report abuse
So Argentina is providing the entertainment for the meetings! lol
2 Guzz (#) Nov 04th, 2012 - 07:00 am Report abuse
Rumour say UK is having a lecture on how to sack ones own nation on welfare without the people reacting. Should be quite amusing as well...
3 surfer (#) Nov 04th, 2012 - 07:57 am Report abuse
“we will not pay one dollar toward the vulture funds.”

You sure about that?
4 Musky (#) Nov 04th, 2012 - 08:46 am Report abuse
In other words ..We will not honour our debts.
5 Joe Bloggs (#) Nov 04th, 2012 - 08:53 am Report abuse
Lorenzino needs to ask himself why the vulture funds got involved in the first place. When Argentina says they are still going to pay all their debt do they mean the defaulted debt from 10 or 12 years ago? I think Mr Gorsky has a better chance.

Guzz
I haven't heard that rumour doing the rounds. Are you sure you didn't just make it up yourself?

No doubt the upcoming meeting in Mexico will also be another ideal venue to discuss the sovereignty of the Falkland Islands. Ironic really because Argentina would be straight in there like vultures themselves if the UK military they moan about was withdrawn.

I hope Lorenzino is planning on getting a haircut before he goes. Otherwise they'll all be calling him Loren for short.
6 Raven (#) Nov 04th, 2012 - 09:55 am Report abuse
If CFK is insisting on not paying the 7% of debt that is in the hands of hedge funds, isn't it therefore much more likely that the hedge funds are going to chase down every Argentine state owned asset that is on or in a foreign territory? If the Ghana ruling is also mirrored in other courts, then the second ship that is in South Africa is very high on the risk scale of being impounded, Tango 1 could only do internal flights, the Navy would not dare leave Argentine territorial waters, the air force likewise regarding airspace. That would compromise any joint excersise unless it was held within 12 miles of Argentina!

If you were being cynical, this could have a serious diplomatic problem if say an Argentine vessel was forced to put into Port Stanley due to 'technical' problems and the hedge funds tried to seize that asset whilst in port. Can you imagine the screeching that CFK would put out if that were to happen?!
7 Anbar (#) Nov 04th, 2012 - 09:56 am Report abuse
“”“Argentina to blast ‘vulture funds’ at the G20 ministerial meeting in Mexico”“”

What's the point? They are legal companies operating within the law.... just pay up.

----------

“”“”they, who are very few people, have historically made a bucket full of money every time the Argentines went broke. “”

Is it just me who finds this statement by the head of a nation as rather noteworthy?

Not “when we went broke” but “every time we went broke”.

*cough cough*
8 agent999 (#) Nov 04th, 2012 - 10:21 am Report abuse
And every time we, Argentina, go broke you should feel lucky that we give you as much as 30% of what we owe !
9 Guzz (#) Nov 04th, 2012 - 10:29 am Report abuse
You can't profit on Argentina's behalf, you will only get the invested amount back should you not contribute with anything more than your speculations. Cry all you want.
10 agent999 (#) Nov 04th, 2012 - 10:35 am Report abuse
A pathetic answer, blame everyone else but those who borrowed the money in the first place.
11 Guzz (#) Nov 04th, 2012 - 10:44 am Report abuse
No blaming, just facts. Handkerchief?
12 yankeeboy (#) Nov 04th, 2012 - 10:47 am Report abuse
I think this will be one of Argentina's last G20 meetings. They don't qualify and they are deadbeat scofflaws. I'm sure the USA will kick them out when the IMF does.
I am wondering how many other Int'l institutions they will lose membership in....
13 Guzz (#) Nov 04th, 2012 - 11:09 am Report abuse
More cookies and handkerchiefs...
14 Joe Bloggs (#) Nov 04th, 2012 - 11:28 am Report abuse
13 Guzz

I wouldn't mind a hanky but only because I'm crying from laughing so much. It doesn't affect us. We all expect Argentina to renege on its contracts. Nobody would expect less. We also expect vulture funds to go to town on them like they are.

I was a member of HM Forces and I can't imagine how bad an ARA Libertard type experience would be on morale. We had our faults and we didn't always have the best of kit or the number of bodies to do the job as ideally as we might have but we never worried about whether our country could afford to pay its bills. If I was away on an exercise or operation and someone impounded some of my kit I can't imagine what that would do to my confidence.
15 Guzz (#) Nov 04th, 2012 - 11:35 am Report abuse
Who cares of the morale of military folks :)
Try other buttons, if SA needs an army, the people will suffice...
16 Joe Bloggs (#) Nov 04th, 2012 - 11:41 am Report abuse
15 Guzz

LOL! If the morale of Argentine troops was better in 1982 you wouldn't be on here now crying that Argentina should have control of the Falklands. You dumb fucking deadbeat.

Chuckle chuckle.
17 Guzz (#) Nov 04th, 2012 - 11:43 am Report abuse
I could not care less of your blood dependent little experiment you call the FI...

“chuckle chuckle”
18 Joe Bloggs (#) Nov 04th, 2012 - 11:47 am Report abuse
17 Guzz

Who are you trying to kid?
19 Guzz (#) Nov 04th, 2012 - 11:49 am Report abuse
I understand you have the need to feel important, but I'm sorry mate, try somewhere else...
20 yankeeboy (#) Nov 04th, 2012 - 11:59 am Report abuse
Guzz, Your bitter irrational jealousy/hatred of the USA and UK still makes me think you or your boyfriend is a Muslim.

Did you see in one of their nutty protests one of the crazies was burning our flag and died from the fumes.

that'll learn 'em

haha
21 War Monkey (#) Nov 04th, 2012 - 12:32 pm Report abuse
Guzz won't answer because he couldn't care less.
22 ptolemy (#) Nov 04th, 2012 - 01:08 pm Report abuse
Personally I believe vulture funds are terrible. But,..if it weren't for deterrents like vulture funds, everyone would default on their debt.
23 toooldtodieyoung (#) Nov 04th, 2012 - 01:57 pm Report abuse
Minister Lorenzino: “not one dollar to the holdouts”

Cristina Fernandez criticizes US court and promises all debt bonds will be paid in dollars

Argentina is refusing to pay the 20 million dollars in ransom that New York hedge fund dealer Paul Singer is demanding

ARA Libertad: Argentine president pledges to never yield to ‘vulture’ funds

LOL....... Does anyone in the Argentine Government know what anyone in the Argentine Government is doing about this???
24 Guzz (#) Nov 04th, 2012 - 02:19 pm Report abuse
Teach. That'll teach them, not learn...
25 wesley mouch (#) Nov 04th, 2012 - 02:21 pm Report abuse
The biggest vulture is turkey neck herself, CFK, who feeds off the wealth of anyone she can steal from. Hurrah for the hedge funds who give the thieving Argentines a taste of their own medicine.
26 Guzz (#) Nov 04th, 2012 - 02:28 pm Report abuse
Damn, that woman makes you cry :)))

With all your glorious history (???) and scrap metal, having a woman kicking you around like that must be terrible...
We knew Chavez was too much to handle for you lot, him being a man and all, but CFK?

The cookie jar is almost empty, and she still doesn't listen... Well, have another one on me :)))
27 Conor J (#) Nov 04th, 2012 - 02:35 pm Report abuse
@26
Not crying Guzz, but laughing. We love the Argie Women that is KFC, she is now of the best comedians in politics.
28 Guzz (#) Nov 04th, 2012 - 02:36 pm Report abuse
I can see that :)))
29 Conqueror (#) Nov 04th, 2012 - 02:56 pm Report abuse
@9 Who's “you”. YOU have a debt. Well, actually, YOU have a number of debts. An honest debtor would never have had the cheek to offer to repay 30% of the debt. But I'll bear it in mind the next time my bank manager asks how my loan repayments are going. I'm sure that once I point out the argieland precedent...........
@11 What facts? That argieland is a cheating, lying thief?
@12 I agree. But then argieland never satisfied the criteria. They are there so that proper nations can get an idea of the reactions of third-world countries. But I think G20 went too far in selecting argieland. They should have selected the Netherlands or Saudi Arabia. Argieland wastes too much time. Nor is it either intelligent or mature.
@15 An “army” of faggots! Ahahahahahahahahahahahah!
@17 Our “experiment” has lasted longer than yours!
@19 A sight more important than your third-world, lying, thieving cesspit!
@22 Not sure why you would think that hedge funds are terrible. They are only a form of investment. Let's suppose you buy a house. You are investing in what you hope the future will be. And you hope to get more back than you paid. You are “hedging your bets”. Hoping you will get more money than if you keep your money in your pocket. Where's the problem?
@26 Chavez will be dead soon. Will he do a Hitler or a Mussolini? Or will he finally have to realise that God really is on OUR side?
30 Guzz (#) Nov 04th, 2012 - 02:58 pm Report abuse
Burp! Man, all that acid can't be good for your stomach, have some caustic soda...
31 yankeeboy (#) Nov 04th, 2012 - 03:01 pm Report abuse
24. Goofball it is a joke way of talkin'. SInce your English is limited I can see you don't get it.
32 Guzz (#) Nov 04th, 2012 - 03:04 pm Report abuse
Having in mind that you lot are a joke, I would not be surprised if you are correct...
33 yankeeboy (#) Nov 04th, 2012 - 03:09 pm Report abuse
Your English abilities will always be limited since you are not a native speaker.
Unfortunately your emotions get the better of your reasoning.
34 Guzz (#) Nov 04th, 2012 - 03:12 pm Report abuse
What is your excuse? Right, it's a joke... ;)
35 yankeeboy (#) Nov 04th, 2012 - 03:15 pm Report abuse
Is your boyfriend Muslim?
36 Guzz (#) Nov 04th, 2012 - 03:20 pm Report abuse
Is that your fetisch?
37 yankeeboy (#) Nov 04th, 2012 - 03:29 pm Report abuse
No just trying to figure out a person who lives, work and sucks on the teat of something he hates so much, et does nothing to change his life. It is a sickness and you have some serious mental problems that I think stem from jealousy, insecurity, poor self image and unstable emotions.
What does your Dr say?
Plus you 've never said no...
38 Frank (#) Nov 04th, 2012 - 03:29 pm Report abuse
But Cristina Fernandez said that (people took advantage of the RGs)' every time the Argentines went broke. '

Maybe the answer is to stop going broke.... stupid woman
39 Guzz (#) Nov 04th, 2012 - 03:34 pm Report abuse
Let me some more hankies, this is priceless :)))
40 bushpilot (#) Nov 04th, 2012 - 03:34 pm Report abuse
“You can't profit on Argentina's behalf, you will only get the invested amount back should you not contribute with anything more than your speculations. Cry all you want.”

Spoken like a true, low-life welcher.
41 Pirat-Hunter (#) Nov 04th, 2012 - 03:51 pm Report abuse
What does vulture fund and fakland island holding have in common?.. anyone anyone? Here is a hint. “Pirates use to be in the same trade.”
Let them expropriate the ships and let's go after all the American and british firms and mining corporate polluting out lantin America, everyone in south American should bring their pollution complains to Argentina's courts ASAP. This is how vultures do it.

www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/9646826/Argentina-told-to-seize-up-to-19.2bn-of-assets-from-Chevron.html
“Ecuador has asked Argentina to seize up to $19.2bn of assets from Chevron in the latest twist in a long-running lawsuit over pollution in the Amazon rainforest.

The oil giant will also have its bank accounts in Argentina seized and gas sales frozen, a judge has ruled.

The 2011 ruling, one of the biggest of its kind in history, stated that 30,000 residents of Ecuador's Lago Agrio region had been harmed by the operations of Texaco, which Chevron bought in 2001.”
42 bushpilot (#) Nov 04th, 2012 - 03:54 pm Report abuse
This coming from a white boy from Canada.
43 Guzz (#) Nov 04th, 2012 - 03:59 pm Report abuse
These Brits and their imperialistic mindset think a persons origin affects what they believe in :)))
44 bushpilot (#) Nov 04th, 2012 - 04:02 pm Report abuse
Burp!
45 Anbar (#) Nov 04th, 2012 - 04:43 pm Report abuse
“”I could not care less of your blood dependent little experiment you call the FI...“”

if that were true why do you spend so much time going on about it?

--------

”These Brits and their imperialistic mindset think a persons origin affects what they believe in :)))”

says the Pro-colonialist argentine white supremacist... erm wtf?
46 Pirat-Hunter (#) Nov 04th, 2012 - 04:43 pm Report abuse
#42 FU too. White boy? Me ? Don't insult me.
#43 did you ever meet any english man who wasn't a war monger? That should explain everything shouldn't it?
#44 i see your burp and rise you a Yawn and a Fart!
www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/9646826/Argentina-told-to-seize-up-to-19.2bn-of-assets-from-Chevron.html
“ cuador has asked Argentina to seize up to $19.2bn of assets from Chevron in the latest twist in a long-running lawsuit over pollution in the Amazon rainforest.

The oil giant will also have its bank accounts in Argentina seized and gas sales frozen, a judge has ruled.

The 2011 ruling, one of the biggest of its kind in history, stated that 30,000 residents of Ecuador's Lago Agrio region had been harmed by the operations of Texaco, which Chevron bought in 2001.”
47 toooldtodieyoung (#) Nov 04th, 2012 - 04:51 pm Report abuse
43 Guzz

So what is your story then??? Again I will ask the question:- Where is it that you are living? Sweden / Denmark??? and you are self professed Uruguayan??

so the question that springs immediately to mind is:- what the hell do you care???

Considering all the s**t that Argentina has put Uruguay through why the hell are you so bothered about the state of Argentina?

If you are sssssoooooo proud of your country why are you not living there you fraud?

One can only assume that you are in some way, ashamed of the counrty you once lived in which is why you are now living in Europe.
48 Guzz (#) Nov 04th, 2012 - 04:56 pm Report abuse
Anbar
I'm anti colonialist, Uruguayan, mestizo and not at all supremacist. The FI don't interest me whatsoever. My interest lays in showing all those Brits bashing Argentina, grasping for anything they can, that Britain has her own issues, and they should really sort them out before pointing fingers at Argentina.

When they start calling us spics, well, I start calling them gringos. I don't set the tone, I never have. Just know I will bash Britain as long as they bash Argentina. I don't hear anyone com
49 British_Kirchnerist (#) Nov 04th, 2012 - 05:00 pm Report abuse
Great news =)

#5 “I hope Lorenzino is planning on getting a haircut before he goes. Otherwise they'll all be calling him Loren for short”

Like Sophia Loren you mean? But thats Cristina is already the Sophia Loren of politics =)

#26 ”Damn, that woman makes you cry :)))

With all your glorious history (???) and scrap metal, having a woman kicking you around like that must be terrible...
We knew Chavez was too much to handle for you lot, him being a man and all, but CFK?”

Brilliant Guzz! The truth is despite being pretty and petite she has more balls than the lot of them combined, and they hate her for it =)
50 ptolemy (#) Nov 04th, 2012 - 05:02 pm Report abuse
@29
Your definition of vulture / hedge funds is lacking in depth. Try here: en.wikipedia.org/wiki/Vulture_fund

Again, vulture funds are a deterrent to default.
51 Pirat-Hunter (#) Nov 04th, 2012 - 05:06 pm Report abuse
#47 I much rather have a Latin American come share their opinion then a english war monger. So please refrain from telling Latin Americans anything when they share their opinion about Argentina they have more rights then you on this side of the map, let's see if when chevron has to pay 19 billion in fines you are cheerful as you are now.
“Ecuador has asked Argentina to seize up to $19.2bn of assets from Chevron in the latest twist in a long-running lawsuit over pollution in the Amazon rainforest.”
www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/9646826/Argentina-told-to-seize-up-to-19.2bn-of-assets-from-Chevron.html
“The oil giant will also have its bank accounts in Argentina seized and gas sales frozen, a judge has ruled.

The 2011 ruling, one of the biggest of its kind in history, stated that 30,000 residents of Ecuador's Lago Agrio region had been harmed by the operations of Texaco, which Chevron bought in 2001.”
52 Joe Bloggs (#) Nov 04th, 2012 - 05:10 pm Report abuse
49 BK

LOL!

As always, I love it. Ha ha. Sophia Loren huh. LOL! I think Sophia has a few more trophies than your glorious president.

Keep it up mate and you'll be nominated for an academy Award yourself one day.
53 toooldtodieyoung (#) Nov 04th, 2012 - 05:12 pm Report abuse
48 Guzz

“Britain has her own issues, and they should really sort them out before pointing fingers at Argentina”

We know Britian has her own issues. Most of them are due to the attitude of KFC / TMBOA / Ol' Turkey Neck / The harpy.

Oh the way, it seems that you have a very short memory as well Guzzy me ol' china. on another thread we you not bashing “The West” so it would appear that you not only have a problem with Britian but with the whole of “The West” as well.... and like i said on that other thread, you really are a weapons grade idiot.
54 ptolemy (#) Nov 04th, 2012 - 05:14 pm Report abuse
@51
Do you always have to bring up this Chevron crap with every article? Can't you think of something new that doesn't have anyting to do with the present article? Can't you copy and paste something else? This article is not about Ecuador.
55 Guzz (#) Nov 04th, 2012 - 05:16 pm Report abuse
Toool
CFK's fault? Libor? Pensions? Unemployment? Divided society? Legal thieves dressed as bankers? CFK's fault???
56 ptolemy (#) Nov 04th, 2012 - 05:18 pm Report abuse
Who's fault? How about your fault.....
57 toooldtodieyoung (#) Nov 04th, 2012 - 06:11 pm Report abuse
55 Guzz

“CFK's fault? Libor? Pensions? Unemployment? Divided society? Legal thieves dressed as bankers? CFK's fault???”

Yes!!! It is!!! Her government has the worst record of stealing off her own people speaks for itself!!!!!
58 Ayayay (#) Nov 04th, 2012 - 06:20 pm Report abuse
When does this country get to talk instead about how muchhumanitarian help they spend energy on, how they hit.the high score on transparency int'ls clean list, and how amazing life is for the average Argentine?
59 Guzz (#) Nov 04th, 2012 - 06:31 pm Report abuse
So now the british unemployment is CFK's fault, as is the divided british society? Maximo was the engineer of the Libor scandale, and Timerman stole the Brits pensions...

Why don't you solve your own issues instead of helping Singer fill his pockets? Anyone?
60 conqueror is a wimp (#) Nov 04th, 2012 - 06:31 pm Report abuse
@29
jajaja look who is talking about death!
61 brits are idiots (#) Nov 04th, 2012 - 06:34 pm Report abuse
@ 35 Yankee Nobody
Isolde stop placing stupid comments!
62 surfer (#) Nov 04th, 2012 - 07:21 pm Report abuse
When will the A Govt. realise the vulture funds are a symptom, not the cause of the financial meltdown?
63 briton (#) Nov 04th, 2012 - 07:37 pm Report abuse
Why is Argentina there anyway?
Always moaning, she follows the world’s leaders around the globe like puppies following their masters,

CFK will send her puppies to the local nursery next,
Just pay your debts,

You are setting a very bad example to other tin pot idiots who wont pay there way.
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Still,
If she and her indocronoughts on here can divert attention from her countries problems, all the better,

What’s the betting that Ghana is brought up,

And the brits get the blame..

.
64 Pirate Love (#) Nov 04th, 2012 - 08:05 pm Report abuse
Argentina can huff and puff and blow it out their a55, the debt will still stand and will be added to the upcoming default :)
65 Guzz (#) Nov 04th, 2012 - 08:45 pm Report abuse
Pay your trillions before pointing fingers, bloody hypocrites...
66 Pvdv (#) Nov 04th, 2012 - 09:26 pm Report abuse
It makes me sick to read about the cfk president. I am always astonished by the fact so many people can vote for such a no brainer... they must be equally no brainers i guess.... when Argentina needs money they are always very happy to get it from hedge funds and whoever ... but when its payback time... then suddenly the money owned is not liable to everyone... I really hope thet CFK falls flat down on her political face ... a big default.. she can't blame but on herself and her husband;.. But offcourse, she will come up with some conspiracy theory. against argentina... I wonder when there is a guy with a least some IQ that will start showing the Argentines some statisticas of growth, Bond interest rates of other South American nations... and hopefully they start to realise that they are really the dumbest nation on earth for the moment in respect of economical performance... Well, i am really waiting for the day CFK will have to leave office.. I am sure she won t make this term... they are running out of money and thats a fact
67 Joe Bloggs (#) Nov 04th, 2012 - 11:05 pm Report abuse
65 Guzz

Oh Guzz. You'll have to try harder than that. You know and we all know that the UK IS paying its debt back. That's why it's credit rating is still the highest it can be at AAA. You know and we also all know that Argentina's rating is B minus because it's becoming increasingly unlikely to pay its debt back.

Don't fall down as low as Tobias, TTT and (insert about a dozen other troll names here) did when he started saying that the credit rating agencies are all just conspiring against Argentina while protecting the UK, Europe and the US.
68 Guzz (#) Nov 04th, 2012 - 11:11 pm Report abuse
Is that why you owe more and more every year? When are you done with that farce, at quadrillions?? ;)
69 Joe Bloggs (#) Nov 04th, 2012 - 11:22 pm Report abuse
If it makes you feel better Guzz, say what you want. We all know you don't believe it.

Just for the record and so that I can place you at the right level in comparison with others such as TTT, would you kindly explain your opinion of why the UK has a AAA credit rating? Please. For once see if you can answer rather than just avoiding the question. I love a good conspiracy theory so don't hold back what you really think.
70 Britworker (#) Nov 04th, 2012 - 11:29 pm Report abuse
You know, Argentina should have a bit more humility when they attend the G20, they are not there due to their economic performance, they are there as guests. The other serious world players will be discussing serious matters that effect the world, the argies are just using it as another soap box oppurtunity to whinge and cry about why they shouldn't have to honour their debts and why no-one in their right mind will lend them any money anymore and why companies are refusing to invest in their country because they are worried they will have their assets seized and have agreements broken.

Oh Guzz, for the record we have paid a quarter of our defecit back in the last 2.5 years. Can you say the same?
71 surfer (#) Nov 04th, 2012 - 11:34 pm Report abuse
Hopefully other hedge funds will start pushing Argentina for payback.

It's time for either payback or default, default most likely.

The next govt. of Argentina will have a massive way to go to restore credibility, will take decades to fix this mess.
72 Guzz (#) Nov 04th, 2012 - 11:35 pm Report abuse
You don't. According to Dagong, you rate A+, with negative outlook.

Britworker
How come you owe more now than 2.5 years ago?
73 Ayayay (#) Nov 04th, 2012 - 11:40 pm Report abuse
An individual has POWER apart from governments? OH GOODIE!!
74 surfer (#) Nov 04th, 2012 - 11:43 pm Report abuse
When Default II happens, that will be the end of road for YPF as a viable entity.

Started so well for YPF, so many investors, so much interest, even by stealing 10bn off Repsol, still destined for failure, very sad.
75 briton (#) Nov 05th, 2012 - 12:34 am Report abuse
so if we read this right,
the brits and the rest of the world are wrong,

and CFK and argentina is right,

we are all in debt,
and argentina is solvent,
we are all poor, and argentina is rich,

we have no navy,
and argentina has hers in captivity,
mmmmmmmmmmmmmmmmmmmmmmm
76 Pete Bog (#) Nov 05th, 2012 - 12:47 am Report abuse
“But I have bad news for them: We are going to pay and with dollars because we have them to our creditors, but not one dollar to the ‘vulture funds’””

Farewell to the Libertad then.
77 Troy Tempest (#) Nov 05th, 2012 - 01:37 am Report abuse
@72 Guzzano

“You don't. According to Dagong, you rate A+, with negative outlook.”

Dagoong has already been discussed on here, at length. It is one private agency and much discredited, “with a negative outlook”.

I guess you can find all the negative stats you want, though...
78 Marcos Alejandro (#) Nov 05th, 2012 - 04:55 am Report abuse
Talking about negative stats...

The Telegraph
9:30AM GMT 04 Nov 2012
“British have invaded nine out of ten countries - so look out Luxembourg”

“Britain has invaded all but 22 countries in the world in its long and colourful history, new research has found”
“Incursions by British pirates, privateers or armed explorers have also been included, provided they were operating with the approval of their government”

www.telegraph.co.uk/history/9653497/British-have-invaded-nine-out-of-ten-countries-so-look-out-Luxembourg.html
79 Guzz (#) Nov 05th, 2012 - 06:04 am Report abuse
Gringo mariposa
You lot discrediting Dagong only serves to proove the opposite, it's like with everything else, if you lot say yes, the answer is most probably no...

Marcos
I'll be damned, but not surprised ;)
80 surfer (#) Nov 05th, 2012 - 06:41 am Report abuse
It's a very immature approach to finance saying that you don't want to repay a class of creditor , because you 'don't like them'.

These words will come back to haunt the Arg. Govt.

Default II
81 LEPRecon (#) Nov 05th, 2012 - 07:28 am Report abuse
@78 - Marcos

So what?

Just what does that have to do with Argentina refusing to pay its debts, and just bleating about it so anyone and everyone?

I bet they won't even be able to put it on the agenda at the G20, so they'll wander around crying to anyone that will listen (which won't be many), and come back claiming that every country in the world supports them.

All the Argentina government do is talk. We're going to do this, we demand that; but when it comes down to it, all it is is hot air without any substance.

Successive Argentine governments have ruined your country. Now the current government is determined to destroy any credibility that you may have had left.

No one is willing to invest in Argentina because you refuse to honour your debts.

Even your bestest friends the Chinese wouldn't touch Argentina with a barge pole.

But what does your government do? Does it talk to their creditors and try to come up with a solution to the problems? Does its at least start to pay off some if it's debts? No, it claims that there is an international conspiracy against them.

It just makes them look foolish, immature, paranoid and pathetic. No wonder no one is willing to invest one cent in Argentina, let alone millions of dollars.
82 Guzz (#) Nov 05th, 2012 - 07:32 am Report abuse
Lep
Just shows your invasive nature, and regarless of what you think, it's not Arg's fault..
83 Pete Bog (#) Nov 05th, 2012 - 09:25 am Report abuse
@82
“it's not Arg's fault..”

It is, as they borrowed money. If you don't want to be hit like this, don't borrow the money in the first place. Argentina wants everything the easy way, but finds out its hard. Like invading the Falklands in 82 with no more than 100 defending troops was easy. But your mates didn't think things through, they were convinced the UK would not react.

It did.

You lost.

Through not thinking through cause and effect.

And Argentina still cannot grasp cause and effect, so when the effects strike them its everyone else's fault.

Except it isn't-it's Argentina's fault.
84 Welsh Wizard (#) Nov 05th, 2012 - 09:36 am Report abuse
Out of interest, has CFK siad why they got the decision wrong. Has she offered any kind of legal analysis of the decision and where she thinks they got it wrong.
85 willi1 (#) Nov 05th, 2012 - 09:39 am Report abuse
The housewife:“...who considers that a recent ruling against Argentina by a New York appeals court “puts 93% of creditors at risk because of the holdouts.”
That means: Resisters against breach of contracts and the blackmailing of the blackmailers ck and her gang are the crooks, not the blackmailers. This is the actual arg law. fantastic!
Who is idiotic enough to lend money to such ”partners” of hell? venezuela and ANSES with money of the arg people savings. Crooks!
86 Welsh Wizard (#) Nov 05th, 2012 - 10:36 am Report abuse
Interesting forum to complain in too. I think that it will be very difficult for people to take them seriously, complaining about financial matters when the IMF whas their own very public doubts about Argentina's management of financial data (something which is required if you are to be in, and continue to be part of, the IMF).
87 LEPRecon (#) Nov 05th, 2012 - 11:58 am Report abuse
@82 - Guzz

So what? Britain invaded some countries a long time ago. Lots of countries invaded other countries, so it's hardly news.

But just what does Britain invading other countries in the past have to do with the fact that Argentina refuses to pay its debts, and is seen as a dead beat by the international community?

By the way, Ghana still has your flag ship, and South Africa will soon have one of your Frigates.
88 Guzz (#) Nov 05th, 2012 - 01:58 pm Report abuse
Did I have 2 frigates? Where???
89 Troy Tempest (#) Nov 05th, 2012 - 03:13 pm Report abuse
@88 Guzzano

Weakkkk

Two, “WARSHIPS” LOL
90 Guzz (#) Nov 05th, 2012 - 03:23 pm Report abuse
Gringo mariposa

???
91 Troy Tempest (#) Nov 05th, 2012 - 05:39 pm Report abuse
@90 La Campora ovejita

“Gringo mariposa”

Well, Guzz, I do know that mariposa means butterfly, my daughter works at a dress shop called Mariposa.

“Gringo” mariposa??

Are you suggesting that I am a “maricones”?

“Gringo”??
I thought you reserved that for people that call you “spics”?

I have never used the racial/ethnic slur, “spic”.

Should I start calling you “Spic Maricones”??
92 Guzz (#) Nov 05th, 2012 - 06:12 pm Report abuse
Gringo is not racial, stop calling me guzzano and I'll stop calling you gringo.

Mariposa is indeed butterfly, nothing to do with maricon. It's just a description of a person that is long past the gusano stage, which is literally a larva... ;)
93 briton (#) Nov 05th, 2012 - 07:35 pm Report abuse
HMS Sutherland (British Royal Navy) visit to Tanzania
www.flickr.com/photos/63340608@N05/sets/72157631894712540/
As they said??

If it’s British, its very welcome,

If it’s an argie impound it, lol.
.
94 Pirat-Hunter (#) Nov 05th, 2012 - 08:44 pm Report abuse
My comment at #51 still stands nothing new is going on here the same english retards trashing Argentina, but let's remind them that Argentine around the world support CFK 100%. Keep up the good work CFK and watch the english snakes twist and turn for us at mercopress, keep doing what you are doing CFK and expropriate all foreign firms polluting our land and water like barrick gold in San Juan Argentina. Fine them all for abusing our country. We thank the english people for striking their noses where they aren't wanted and invite them to go back and find the WMD and stop murdering innocent Muslim women and children. In Afghanistan, Iraq, Libya, Egypt, syria , Pakistan and india. Does anyone know what the CIA gets payed for?..
www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/9646826/Argentina-told-to-seize-up-to-19.2bn-of-assets-from-Chevron.html
95 Troy Tempest (#) Nov 07th, 2012 - 06:02 am Report abuse
@94 ALEX VARGAS

“Does anyone know what the CIA gets payed for?..”

Funny you should ask a question like that.

CIA ?? don't know... its secret.

La Campora pays activists and propagandists, though !!

I guess you didn't know that either !
La Campora who live in Argentina get PAID for their services - at least enough to keep them in watery beer and sausages. That way, they can stay on the computer all day. Not that there is any work for angry young unskilled thugs in Argentina, anyway.

Oh, I guess YOU don't get paid, do you?? No way that CFK will send USD out of Argentina for the likes of you, when she knows you will suck up for free !!!

LOL LOL LOL ALEX !!!
96 RICO (#) Nov 07th, 2012 - 05:48 pm Report abuse
But Cristina Fernandez said that her government “would honour its debts” and blasted the ‘vulture funds’ saying it would be ”a great deal for the ‘vulture funds’ to see us not meet our payments, since they, who are very few people, have historically made a bucket full of money every time the Argentines went broke. That's why they want to see us broken. But I have bad news for them: We are going to pay and with dollars because we have them to our creditors, but not one dollar to the ‘vulture funds’”

Exactly how many times have Argentina gone broke.
97 Zhivago (#) Nov 08th, 2012 - 02:23 am Report abuse
94 Pirat home
Did Barrick Gold sneak into Argentina or invade? I don't think so, they were asked to come and they did. Argentines should blame their own government or at the very least educate someone in your population to exploit your own resources by yourself and then you wouldn't have to rely on other countries to exploit them for you.
(Yes I get the irony that Barrick is a Canadian company in Arg, and Pirat is a repressed sp.... oops Argie homo living in Canada)
98 Anbar (#) Nov 09th, 2012 - 04:15 pm Report abuse
“”“”My comment at #51 still stands nothing new is going on here the same english retards trashing Argentina, but let's remind them that Argentine around the world support CFK 100%“”“”“”

you are going to have a rather hard time convincing ANYBODY of that after N8.

in fact, not to push a VERY obvious FACT..but, you're talking total bollocks...and the million+ proof just spent yesterday on the streets of BA and all around the world, calling your bluff and showing you just how much horse-shit is being shoveled by paid-sympathizers of CFK..and EVEN THEN it isnt enough to convince anybody but the already deluded.

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