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Argentina prepared to reopen bonds’ swap under certain conditions

Tuesday, November 27th 2012 - 21:02 UTC
Full article 35 comments

Economy Minister Hernan Lorenzino described the appeal presented on Monday by Argentina against the ruling of New York Judge Thomas Griesa as “very forceful”, and pointed out that if the magistrate had proposed to treat hedge funds demands under the terms of the 2010 debt-swap, the Argentine congress might then address the option. Read full article

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  • ProRG_American

    Good News!!
    www.buenosairesherald.com/article/117937/falkland-oil-and-gas-loses-half-its-value-on-malvinas-disappointing-results

    What Next?
    Judge Greisas Ruling overturned by appeal?
    ARA Libertad is freed from captivity?
    Grain Prices Soar?
    New Major oil discovery in patagonia?
    World Bank says Argentina rduced its poverty by 50%?
    World Bank says Argentine middle class the fastest growing in the region?
    Argentina pays it's cooperative bond holders on time?
    Cristina's chances for reelection suddenly skyrocket?

    HOOOoooooo! Shrugging shoulders......It gives me chiiiils all over my body.

    Nov 27th, 2012 - 09:16 pm - Link - Report abuse 0
  • Xect

    Ah hello my Argentine friend.

    You can certainly live in hope as unlikely as what you suggest maybe. I'd hazard you've got more chance of winning the lottery for 10 weeks straight than all of that coming true.

    Still you've always got your hope lol....

    Nov 27th, 2012 - 09:21 pm - Link - Report abuse 0
  • ProRG_American

    I am not argentine and I don't seem to have you on my list of friends. Am I on yours?
    I suppose that you can add a sizeable oil find in “the Falklands” to my list. LOL

    Nov 27th, 2012 - 09:51 pm - Link - Report abuse 0
  • Pirate Love

    @1 i thought this was much better news,

    http://www.reuters.com/article/2012/11/27/idUSL1E8MRA6520121127

    good news, Yes!

    Nov 27th, 2012 - 10:07 pm - Link - Report abuse 0
  • Troy Tempest

    @01 PRO Arg Troll

    Are you going to SPAM that post on all the threads??

    Nov 27th, 2012 - 10:08 pm - Link - Report abuse 0
  • Xect

    He's not Argentine.....Sure.......

    Its funny because he's so desperate copying and pasting nonsense on all of the threads.

    Nov 27th, 2012 - 10:12 pm - Link - Report abuse 0
  • Pirate Love

    Argentina has been downgraded by fitch across the board, im sure fogl share prices will go up and down but i cant see argentinas recent downtown reversing anytime soon , before long they will find it hard to upgrade a phone.
    link in prev post.

    great timing!

    Nov 27th, 2012 - 10:20 pm - Link - Report abuse 0
  • slattzzz

    @3 WTF sussie so now your not Argentinian? You been bleating on for months on here that you are make your mind up you sad individual

    Nov 27th, 2012 - 10:24 pm - Link - Report abuse 0
  • Nostrolldamus The 2nd

    Isolationism in our history books, isolationism for breakfast, and isolationism for 20 generations!!

    Nov 27th, 2012 - 10:45 pm - Link - Report abuse 0
  • slattzzz

    @9 well enjoy your isolationism the whole world will not care

    Nov 27th, 2012 - 10:58 pm - Link - Report abuse 0
  • Pirate Love

    @9 is this the final part of the highly successful kirchner model?, good luck with that,
    Oh you have just been downgraded heavily by fitch in 6 financial areas, congratulations, im sure isolation will be great for your country,
    its working a treat so far.

    Nov 27th, 2012 - 10:58 pm - Link - Report abuse 0
  • Troy Tempest

    @8 slatzzz

    “@3 WTF sussie so now your not Argentinian? You been bleating on for months on here that you are make your mind up you sad individual”

    Slatzzz, yup, I too think PRoSLAG and Sussie are the same person.

    Nov 27th, 2012 - 11:29 pm - Link - Report abuse 0
  • Captain Poppy

    Scene 3....final act......

    Nov 27th, 2012 - 11:30 pm - Link - Report abuse 0
  • ChrisR

    All this grief could have been so easily avoided by TMBOA keeping that mouth of hers shut and not forcing the Judge to act on her stupidity by requiring an escrow account for the payments by the 15th December.

    Or, just paying everyone what they are due. Ha, ha, ha.

    USD 46 Bn reserves mi culo!

    Nov 28th, 2012 - 12:10 am - Link - Report abuse 0
  • Rob the argentine

    “The minister described Judge Griesa’s ruling to pay first the hedge funds as “contrary to common sense and Argentine Law””.
    I always supposed “common sense” is to pay my debts. And who cares about “argentine Law” when argentina have agreed to accept the American Law?
    All we must do as argentines is to pay our debt.

    Nov 28th, 2012 - 01:20 am - Link - Report abuse 0
  • CJvR

    @9 - Good! I suggest you begin your era of isolationism by isolating yourself from the internet.

    Nov 28th, 2012 - 02:17 am - Link - Report abuse 0
  • Rob the argentine

    #17 Hi, sussie ... you are another stupid argie, who took my other post thinking I'm from UK. Wrong, I am argentine, living in argentina. Also, some time ago I published my phone number to let anyone proof I am in argentina.

    Nov 28th, 2012 - 04:29 am - Link - Report abuse 0
  • willi1

    Always the same trash out of the mouth of Lorenzino and his fellows:
    IT IS UNFAIR TO SUE THE DEBTOR TO PAY HIS DEBTS ACCORDING TO BOND CONTRACTS!!
    IT IS UNFAIR TO SUE CROOKS BECAUSE IT IS AGAINST ARGENTINE LAW!!
    What kind of “law” is that? What kind of people make this “law”?
    There are milliones of Argentinos and Argentinas who feel ashamed to be represented by this governmental gang. 'BUT: There are over 50 % lawmakers under the political delegates who accept this policy because they take advantage of the law. That´s the problem.

    Nov 28th, 2012 - 08:41 am - Link - Report abuse 0
  • DanyBerger

    Our company DB & Associates ltd. have shares of an investment fund to explore and extract gold in California and to speculate on Tulips price rise in Netherlands.

    Are you ready Islanders with some capital and entrepreneurial spirit to change your life and get rich?

    The Investment project will be offered by Mr. Beef our expert in risky investment & finances.
    Insurance packages will be bough from JP Myorgan.

    Any potential new investor or interested person can contact our sales representative in Port Stanley that will be in the corner of the white shack that needs to be painted AKA PenguinNews headquarters.

    Thinking to increase our customers fortune in FI we wish your best success in your investment portfolio.

    Yours sincerely,

    Dan Berger
    Financial consulting
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    Derivatives and CDS expert
    London Guru and Cayman Island tax evasion advisor.
    Member since 1980 of MadOff Scam team.
    Appointed by her majestic The Queen

    Nov 28th, 2012 - 09:50 am - Link - Report abuse 0
  • Idlehands

    I love this story. Argentines probably regard it as a concession when in fact it completely ignores the fact that it is the holdouts refusal to accept the restructuring offer that has led them to this litigation in the first place.

    What is even funnier is that it implies they might not pay the holdouts even if they agreed to the swap that they previously refused.

    Nov 28th, 2012 - 11:06 am - Link - Report abuse 0
  • Anbar

    /irony fail
    /sarcasm fail
    /humor fail

    Nov 28th, 2012 - 11:09 am - Link - Report abuse 0
  • Captain Poppy

    The conclusion to this chapter of...As Argentina Turns, is playing out and they all refuse to accept it. The can't can't this ending, but they can still rewrite the new chapter.

    Nov 28th, 2012 - 11:12 am - Link - Report abuse 0
  • Conqueror

    I've been trying to interpret Lorenzino's expression. Is it “Please help me, I'm desperate”?

    However, it's good to see that the suspension of Judge Griesa's ruling is “crucial”. December 15 should be fun. Since the Appeal Court already agreed with Judge Griesa's ruling and only sent the matter back for clarification of the payment method, I reckon we can bet on the outcome.

    Nov 28th, 2012 - 11:30 am - Link - Report abuse 0
  • Captain Poppy

    His statement of thr ruling....“contrary to common sense” He was misquoted....he actually said “contrary to Argentine common sense” A major difference.

    Nov 28th, 2012 - 01:59 pm - Link - Report abuse 0
  • briton

    downgraded by fitch
    thats good news for CFK then,,
    now she has someone else to blame,

    its all fitches fault lol.

    Nov 28th, 2012 - 02:23 pm - Link - Report abuse 0
  • Troy Tempest

    @19 Dunny not Funny Berger

    Don't try a career in comedy

    Nov 28th, 2012 - 03:56 pm - Link - Report abuse 0
  • British_Kirchnerist

    Good announcement, Argentina willing to be flexible without capitulating on its basic rights and principles...

    Nov 28th, 2012 - 11:20 pm - Link - Report abuse 0
  • DanyBerger

    @Troy Tempest

    “Dunny not Funny Berger

    Don't try a career in comedy”

    Not Funny?

    Buy some shares of my fund and you will see how I will laugh like the guys that sold shares of oil exploration in FI.

    Nov 29th, 2012 - 03:42 am - Link - Report abuse 0
  • Captain Poppy

    Where are they sold, in the isolated BA stock market? That one is funny as private enterprise is an unknown concept in argentina. Tell me.....if they is a male president....is it spelled argentino?

    Nov 29th, 2012 - 11:16 am - Link - Report abuse 0
  • DanyBerger

    @Captain Poppy

    Sorry Poopy but we are not taking orders from subject living in indebted and risky countries... You know?
    May be if you move to Tijuana and don't say that you are yank... Who knows...

    Nov 29th, 2012 - 01:42 pm - Link - Report abuse 0
  • Troy Tempest

    @30dunny

    yawn

    Nov 29th, 2012 - 03:43 pm - Link - Report abuse 0
  • Captain Poppy

    keep saying it dickberga.......one or two people outside of south america might believe you. Have you stopped trading with us yet.......I mean anyone outside of argentina?....Brazil....Chile...Colombia.......the significant south american countries.....not the minor ones.....urugauy, paraguay, venezuela, suriname, guyana and of course argentina? Have you always talked with the relevance of a piss hole in a snowbank?

    Nov 29th, 2012 - 04:35 pm - Link - Report abuse 0
  • Pirat-Hunter

    Comment removed by the editor.

    Nov 29th, 2012 - 05:15 pm - Link - Report abuse 0
  • Captain Poppy

    TMBOA is too sick to go to Unasur......I guess the smack down from Dilma was too embarrassing for her to make a public fool of herslef as usual.

    Nov 30th, 2012 - 02:41 pm - Link - Report abuse 0
  • St.John

    @ 1 ProRG_American

    “Good News!!”

    You forgot one: Finding a pot of gold under the rainbow :-D

    Dec 02nd, 2012 - 07:02 pm - Link - Report abuse 0

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