Thursday, November 29th 2012 - 06:50 UTC

Cristina Fernandez described Argentina as the ‘counter model’ of IMF and the world’s masters

President Cristina Fernández de Kirchner ratified on Wednesday that Argentina will continue to pay all its financial obligations and described as “absolutely unfair” the ruling from Judge Thomas Griesa who favoured the hedge funds to the detriment of 93% of bondholders who joined the 2005 and 2010 debt swaps.

The president pledged Argentina will continue to pay its financial obligations (Photo: DyN)

“We constitute the counter model of a world where the financial capital has become king and master and wants to punish us” stressed the president addressing the Argentine Industrial Union, UIA, annual conference which was held in Los Cardales, province of Buenos Aires and had as a special guest and speaker Brazilian president Dilma Rousseff.

“It’s unconceivable” that a court of New York should have ruled “against a country which restructured 93% of its sovereign debt and has been paying regularly. We have been paying on date since 2005 to the last cent with resources of our own and we'll keep on paying to honour our country's obligations”.

“Part of our self-esteem is to honour our obligations knowing that the country is the counter model of the IMF recommendations and precisely to show a greater willingness to reach an agreement and to pay we reopened the debt swap in 2010 until we reached 93% of restructured bonds”, said Cristina Fernandez adding that the Monday presentation before the Appeals court in New York was “another evidence of our good will”.

The president explained that “the heart of the Monday presentation was that what the New York court was demanding is not a ‘pari pasu’ which means equal conditions in legal terms, but rather ‘an absolute unfairness’ towards the 93% who did accept the debt swaps in 2005 and 2010”.

“Yes we were broke in 2003, but with faith and effort and the reindustrialization of the country and developing our domestic market we moved forward and have been successful. Maybe that is why we are the counter model” insisted the president.

Over 1,200 businessmen attended the two-day event which had UIA president José Ignacio De Mendiguren and Buenos Aires province Governor Daniel Scioli as speakers on the first day. On Wednesday most of the Argentine cabinet turned up at the event together with the president, among which Planning Minister Julio de Vido, Industry Minister Débora Giorgi, Foreign Minister Héctor Timerman, Science and Technology minister Lino Barañao and the Argentine Ambassador to France, Aldo Ferrer.

70 comments Feed

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1 LEPRecon (#) Nov 29th, 2012 - 08:36 am Report abuse
Counter-model of the IMF is correct Cristina.

The IMF doesn't lie, refuse to pay back loans, then cry about it on the world stage. In fact, the IMF is a success.

Cristina's counter-model lies, refuses to pay back loans, and is constantly crying about it on the world stage. Under her management Argentina has become an economic basket-case and a pariah state.

Well done, Cristina, for destroying Argentina for decades to come. The impact of your inept rule alone on Argentina's reputation has sent Argentina back to the 19th century in the way you handle what we laughingly call your diplomacy.
2 willi1 (#) Nov 29th, 2012 - 08:49 am Report abuse
tha master crook of the arg government calls it unfair to be sued and sentenced to pay their debts.They steal the pensions of thousands of people and hide their 45 billion dollar money in Basel-Switzerland to avoid that the pensioners collect the money from the crook´s account.! To hell with them.
Hopefully the us-government does not vote against their judge Griesa in New York. Than the us-law would comply fully with that of the arg crooks.
3 British_Kirchnerist (#) Nov 29th, 2012 - 09:06 am Report abuse
Great speech, Cristina and her policies really are the counter model model to this world of crisis and disaster. Viva Cristinita =)
4 We got your Fragata (#) Nov 29th, 2012 - 09:12 am Report abuse
At least she finally admitted to the world that she is backwards!! Well, it's not like she told us something she didn't know. Now that her buddy Chavez is being read his last rights in Cuba, let's see how she moves forward.......Kretina!!
5 Idlehands (#) Nov 29th, 2012 - 09:26 am Report abuse
She still hasn't detailed this 'model' of hers which appears to be lurching from one crisis to the next with little thought to the consequences.
6 toxictaxitrader2 (#) Nov 29th, 2012 - 09:37 am Report abuse
everyone wrong but me!
7 surfer (#) Nov 29th, 2012 - 09:39 am Report abuse
Ah yes, this is definitely the way forward, a model for success!

The only problem is the Argentine population who obviously don't 'get it'.
8 Gordo1 (#) Nov 29th, 2012 - 09:43 am Report abuse
So once again Argentina is marginalised by this speech from La Credtina. As usual everybody is against them! Pathetic!
9 TipsyThink (#) Nov 29th, 2012 - 09:48 am Report abuse
CFK says true but doesn't know what the technical model of Argentina since 2002....!

Argentina--Bond holder money interrelations are trivial, might be used for distraction or to provide some privileges in Argentina..just the rule of the game in international circus.
10 Captain Poppy (#) Nov 29th, 2012 - 11:28 am Report abuse
“It’s unconceivable” that a court of New York should have ruled “against a country which restructured 93% of its sovereign debt and has been paying regularly. We have been paying on date since 2005 to the last cent with resources of our own and we'll keep on paying to honour our country's obligations”.

Stupid is as stupid does. When will they get it? It is not about how you paid and paid most of your debt by paying less than they borrowed. It is about the details in the terms of the contract that they signed and refused to honor. You were broke then and are broke now...........
11 JuanGabriel (#) Nov 29th, 2012 - 12:01 pm Report abuse
Was this speech CFKs attempt at stand up? She is going to need a new career soon.
12 Condorito (#) Nov 29th, 2012 - 12:34 pm Report abuse
I love CFK logic!

Defeat in war is “pacifism”.
Economic failure is a “counter model”.

It is a counter model alright, in the same way failing is counter to success.

Whoever pays CFK to trash Argentina is certainly getting value for money.
13 Pirate Love (#) Nov 29th, 2012 - 12:46 pm Report abuse
Yes Crustina, you may be the “counter model”, but that does not change the fact its a failure, no matter how many times you rename your failed kirchner model, lets face it you helped destroy an economy and are frantically pointing the finger of distraction.

You can put a pink fluffy bow on a dog turd, but guess what its still a dog turd.
14 Captain Poppy (#) Nov 29th, 2012 - 01:14 pm Report abuse
And the strikes continue....hospitals, subways, teachers.....has the garbage been collected yet?
15 GeoffWard2 (#) Nov 29th, 2012 - 01:20 pm Report abuse
#5, etc.
Of course CFK doesn't define 'her Model' ... that would expose the concept and the detail to world opinion. Too dangerous.

Simple to say - as she herself says - it is the the antitheseis of the model of worldwide business practice.

This is not a 'counter model'
... it is best described as 'The CFK Under-The-Counter Model'.
16 ChrisR (#) Nov 29th, 2012 - 01:22 pm Report abuse
AND she says it all with a straight face and without laughing!
17 andy65 (#) Nov 29th, 2012 - 01:36 pm Report abuse
No change there then Cristina

18 Boovis (#) Nov 29th, 2012 - 02:13 pm Report abuse
When I hear the word “model” the last thing I think of is CFK; unless of course you're referring the new Airfix snap and click make your own poo kit, in which case, yeah, what the hell, stick it in a black dress and call it el presidente.
19 Orbit (#) Nov 29th, 2012 - 02:16 pm Report abuse
A model of any sort implies structure, which is uniquely absent in CFK governance. I mean arm waving, reneging on obligations, picking and choosing which laws to follow, scrabbling around in demeaning court cases and making policy changes in a sulk is hardly a “model”; more of a toddler/teenager ego and emotion based “behaviour”.

That aside, one of the IMF recommendations is that Argentina reports accurate inflation statistics. So the counter model is to make them up? Surely if it was a proper counter model it would do away with inflation stats because they have no relevance ? You can't have half a counter model.

Am off to suspend my disbelief.
20 Idlehands (#) Nov 29th, 2012 - 02:25 pm Report abuse
How many economists are flocking from all over the world to discover how to get your countrys credit rating downgraded to CC in a couple of years?
21 Optimus_Princeps (#) Nov 29th, 2012 - 03:22 pm Report abuse
If you can call catastrophic economic failure a “counter model”, perhaps people should start saying that getting their houses foreclosed is “financial freedom”.

Where do these people come from? Cristina needs a savage economic backhand for her blatant stupidity and soon.
22 ProRG_American (#) Nov 29th, 2012 - 03:28 pm Report abuse
She's right.
23 Simon68 (#) Nov 29th, 2012 - 04:06 pm Report abuse
22 ProRG_American (#)
Nov 29th, 2012 - 03:28 pm

No, tarado, she's left.
24 Captain Poppy (#) Nov 29th, 2012 - 04:08 pm Report abuse
She calls her model the “Contrarian Prosperity Economy”, execpt for her of course
25 Nostrolldamus The 2nd (#) Nov 29th, 2012 - 04:22 pm Report abuse
People here can say what they wish, but the fact is... I welcome any of you to do a survey in Argentina to all those that you believe are against Cristina now:

“Would you support to return to an economic model set up by the IMF, and backed by the EU, US, China, UK, and Mercosur”?

If you get to 5% assenting, you will make news.
26 Pirat-Hunter (#) Nov 29th, 2012 - 04:51 pm Report abuse
I hope everyone can see and understand why Argentines around the world love and support CFK 104%, we feel sad that the thieves couldn't get away with Argentina's tax revenues but we hope next time the vultures are more accountable with a nations revenues, or else everyone will leaching of others I am glad CFK is giving the vultures a taste of their own medicine and we hope she never pay this thieves a single cent. Keep up the excellent work you are doing CFK you are the Argentine iron woman, show them your cojones.
27 rule_britannia (#) Nov 29th, 2012 - 05:21 pm Report abuse
Counter model? Yes, in Argentina we pay over the counter or - more often - under the counter - because there is no credit.
28 Captain Poppy (#) Nov 29th, 2012 - 05:26 pm Report abuse it ladies or guys this week?
29 ElaineB (#) Nov 29th, 2012 - 05:30 pm Report abuse
@25 How would you know? You have never stepped outside of Mendoza and have almost no life experience. How can you speak for the majority of Argentines?

@26 Completely wrong but it must be hard for you to judge the mood of a country you have no connection with. I have more knowledge of and have spent more time in Argentina than you ever have.

The latest I heard from my network there is that the atmosphere is 'tense' and people are very dissatisfied with the mess CFKC has made. 'Embarrassed' and 'ashamed' came up a lot. Argentines don't like being embarrassed. And the only thief they talk about is CFKC! Even people that used to support her have turned against her so the tide is turning.
30 Sir broderickdipietro (#) Nov 29th, 2012 - 05:36 pm
Comment removed by the editor.
31 Captain Poppy (#) Nov 29th, 2012 - 05:46 pm Report abuse
“Happiness will be back in the market for sure for a couple of days,” said Sabrina Corujo, a trader at Buenos Aires-based brokerage Portfolio Personal.

For a couple of days that's it.

Elaine a good amount of my wife's family is still there....BsAs mostly. There really fear that travel and passports will be cancelled. Quite frankly I no longer think TMBOA is a peronist and is an out right communist and I think she is hell bend on creating a blend between Cuba and venezuela.
32 Pirate Love (#) Nov 29th, 2012 - 05:51 pm Report abuse
@30 im sure they will, just keep your hand on your dollars, you get me?
or you will end up begging in any corner, with your broken english.
33 agent999 (#) Nov 29th, 2012 - 05:58 pm Report abuse
goodnight sussie
34 Pirat-Hunter (#) Nov 29th, 2012 - 06:24 pm Report abuse
#29 before you lie make sure some of the lies match some of the truth, you should start at this link bellow, I am on the side of IMF spokesman, who's side are you on? Lol
#31 lol good luck getting a visa to UK or USA neither like muslim , Mexican or Romanian gypsy's, I hear some people execute them minorities at the borders can you elaborate on that? We don't deport foreigners yet but we like the idea of deporting the English turds causing problems in Argentina.
35 Captain Poppy (#) Nov 29th, 2012 - 06:34 pm Report abuse
haven't you been snowed in yet in Canada? Let me know when you cross the border. I would not talk much about argentina because you obviously are way out out touch in kowing what is going on there.
36 ProRG_American (#) Nov 29th, 2012 - 06:42 pm Report abuse
23 Simon68 (#) No, tarado, she's left.
Left? Left for where?
37 andy65 (#) Nov 29th, 2012 - 07:35 pm Report abuse
This woman is a nutter-how can a country of 40 million people get chosing a leader so wrong???
38 toooldtodieyoung (#) Nov 29th, 2012 - 07:41 pm Report abuse
25 Tito the Clown Troll

“If you get to 5% assenting, you will make news”

There are lies, Damned lies, and then there are statistics.............
39 KFC de Pollo (#) Nov 29th, 2012 - 07:43 pm Report abuse
there's a model? i thought it was just one disaster to the next.
40 ChrisR (#) Nov 29th, 2012 - 07:52 pm Report abuse
@36 ProRG_argie

The only place left that will be able to look after her properly: any establishment for the mentally insane, aka The Nut-house.
41 Captain Poppy (#) Nov 29th, 2012 - 08:08 pm Report abuse
pippa =sussie.....SURPRISE!!!
42 briton (#) Nov 29th, 2012 - 08:30 pm Report abuse
aparently she fell of her seat, and they all laught at her,
full stop.
43 yosoy (#) Nov 29th, 2012 - 08:59 pm Report abuse
Why compare Argentina today to argentina of the 90s? thats setting the bar far too low, dont you think? Menems era was a terrible time (well, straight after was, not so much during, when everyone LOVED Menem, youll do well to remember. including your dear leaders the Kirchners.)
Why not compare Argentina with its neighbours, who also went through shitty dictatorships, economic crashes, inflation crises, but have now managed to sort themselves out a bit? Like Brazil, which has brought 35mn out of poverty in the last decade while managing to halve its debt through prudent macro policy working alongside strong social policies? How does KFC's catastrophic macro policy, high inflation, ill thought out social policies which have no capital to sustain them , and divisive rhetoric which has ended up polarising the population and leading to the brink of a social civil war of sorts compare to that?
To be fair, CFK has MUCH more in common with Menem than with lula/ dilma, such as the corruption and wide scale deceit, but still, thats no reason to use the excuse, “well, argentina is better under Kirchner than Menem”. Have some respect for your country. Heighten your expectations! you live in one of the fastest growing regions of the world! Make the most of that while you can instead of shooting yourself in the foot!!! otherwise one day maybe argentina will be worse than it was under menem.
44 Condorito (#) Nov 29th, 2012 - 09:13 pm Report abuse
45 Ayayay (#) Nov 29th, 2012 - 09:15 pm Report abuse
@Pirat You are talking about the states that want to secede, the opposite if where Cap'n Poppy is from.
46 scarfo (#) Nov 29th, 2012 - 10:37 pm Report abuse

good post.
47 yosoy (#) Nov 29th, 2012 - 11:07 pm Report abuse
Another thing which Menem and Cristina have in common... that unnerving, artificial look in their eye and a plastic face you wouldn't trust in a million years.

Interesting read for all you Kirchneristas out there:
48 Captain Poppy (#) Nov 30th, 2012 - 12:26 am Report abuse
#45 despite you being an RG troll.....pirate hunter is a Canadian
49 Pirat-Hunter (#) Nov 30th, 2012 - 04:12 pm Report abuse
CFK is the best president Argentina had in 40 years and I invite anyone to offer an alternative candidate to replace her, unlike the foreigners we Argentine love and support CFK 110%, I invite all foreigners to fix their nation and Europe before trying to tell us Argentine's what's best for us, thanks but no thanks, just so you all know this is the same old question I being asking for more then a year now with the same response, a lot of personal insults from foreigners that's all they have.
50 Captain Poppy (#) Nov 30th, 2012 - 05:30 pm Report abuse
While this is a little off article here, just for a moment. I see in RG world they just passed the Capital Markets reform which is designed to encourage middle class to invest so there is capital for businesses which they cannot obtain because of their diplomatic skills and default records of Argentina. But is this not the same middle class she loaths and hates that are causing all the problems with the protests?
51 GeoffWard2 (#) Nov 30th, 2012 - 07:33 pm Report abuse
P-H #49
Cristina may be the 'best in 40 years' but this makes her in no way adequate, it just means that the rest were - arguably - worse.

More likely, it just means that the coalition of opportunists came together to persuade a majority - disproportionately the 'mass underclasses' and under-privilaged - to vote for the rhetoric.

By comparison with presidents in other countries she may not make the top 10, top 100 or even the top 1000.

But if you think she is the best available, then so be it, she is 'yours' and Argentina must live with it until the country choses another - or someone forcibly displaces her.
52 Captain Poppy (#) Nov 30th, 2012 - 09:10 pm Report abuse
Argentina's best cannot even compete with the free worlds worst presidents. I would change my citizenship if I had to say that she was the best we can put forward. I am stunned to think the other Argentine politicians feels NO ONE ELSE can do that job......apparently they are all bimbos.
53 British_Kirchnerist (#) Nov 30th, 2012 - 09:38 pm Report abuse
#47 Interesting article, enjoyed reading it, she was clearly as beautiful and eloquent then as now and in no way a big Menem fan even then! Thanks for unwittingly proving her consistency =)

#51,52 Cristina is not only Argentina's best but one of the very best in the world. Perhaps the best leader currently, or perhaps behind Chavez and Castro, but certainly in the top end of the top 10 =)
54 yosoy (#) Dec 01st, 2012 - 12:15 am Report abuse
err......She voted for Menem? can you not see the hypocracy? you vote for someone, you want them to rule the country. i guess the affinity for a corrupt plastic falseness drew her to him.
I also love the quote in that article, ¿Y qué tienen de malo las contradicciones? Peor es caer en ese mal de los políticos, para los que si sos oficialista todo tiene que estar bien, aunque vaya contra tus íntimas convicciones.
Amazing. It sums her up perfectly. Defends hypocracy, then denounces the evils of leaders thinking they are always right. As we all know, Kretina is so good at accepting criticism gracefully, negotiating, and working with those who do not agree with her. That is why argentine society is so peaceful and cooperative and influential on the world stage right now. Right?

Beautiful? Hmm in a Jocelyn Wildenstein sort of way? I guess the blow up doll market (and the granny porn market) do exist so i guess some people must be into that sort of thing. well, each to their own.
55 Captain Poppy (#) Dec 01st, 2012 - 01:16 am Report abuse
you are corrct bith of kirchner....asslips is the worlds best incompetent leader history has ever seen. Commies love commies old, ugly it does not matter to desperate horny old are a male bk ?
56 rule_britannia (#) Dec 01st, 2012 - 01:47 am Report abuse
49 Pirat-Hunter (#). The Falklanders are rich, Argentineans is poor. The Falklanders have democracy, Argentineans have a shitty governement and an even shittier opposition that was bought off by Cristina at the last elections. Don't tell me De Narvaez and Rodriguez Saá weren't paid to throw in the towel...
57 andy65 (#) Dec 01st, 2012 - 03:18 pm Report abuse
@53 British_Kirchnerist
You obviously have great taste in women,I would be ashamed to have SS HITLER CRSTINA KIRCHNER as my leader with over botox lips dirty dyed hair and a mouth like the lincoln tunnel,but each to there own,have you seen how monstrous her children look also
58 Captain Poppy (#) Dec 01st, 2012 - 03:56 pm Report abuse
Yeah in her younger days she use to have a more reddish like auburn color. Now it's jet black. Probably to appear more south But those lips are the most revolting
59 andy65 (#) Dec 01st, 2012 - 06:14 pm Report abuse
How did the name Kirchner come about?? was Nestor the by product of some NAZI war criminal????
60 Captain Poppy (#) Dec 01st, 2012 - 08:04 pm Report abuse
Funny they refer to the kirchner's as a cult. Hopefully they will hand out the kool aid on December 21st.
61 Shed-time (#) Dec 02nd, 2012 - 01:13 pm Report abuse
@60 You're not kidding about it being a cult. Even worse, it's a cult based on 1930s hitlerism.

Like in North Korea, the Great Leader has his 'Mansion House Dancing Girls' who are selected from the village schools to fulfill all his basest desires, Fat Max probably has a similar set of argentine females that he routinely crushes.
62 Captain Poppy (#) Dec 02nd, 2012 - 03:05 pm Report abuse
And surprise surprise Nestor's daddy was a Swiss German, apparent Nazi....the ultimate socialist. I am sure their model includes some very drastic actions once fully implemented. Fatsimo “the fat Fuck” Kirchner has been known to be treated for the clap and creepy crawlers. He's known as a “ladies” man. What woman would defile herself to that?
63 andy65 (#) Dec 02nd, 2012 - 03:31 pm Report abuse
@62 Captain Poppy (#) Fat Maximo would surely be paying for any sexual favours
64 St.John (#) Dec 02nd, 2012 - 07:16 pm Report abuse
@ 49 Pirat-Hunter

“CFK is the best president Argentina had in 40 years ”

In 1938 Adolf was the best Reichkansler Germany had in 40 years.
65 Shed-time (#) Dec 02nd, 2012 - 08:13 pm Report abuse
@62 I read recently about the La Campora Brown-shirts targeting schools with propaganda to get the weak minded involved at a younger level. Although this seemed to be picked up in one school where the hitlerism aligned head teacher was promptly sacked to keep it on the down low, it showed that they are quite advanced in their wishes to set up an argentine parallel to the 'Hitler Youth' and 'League of German Maidens'.

So, they have a parallel to the terrorist militants of the Sturmabteilung, called La Campora and now they're setting up the Hitler Youth. It's only a matter of time before KFC is surrounded by her own version of the SS because she needs 'extra protection' from the mobs. This is in addition to legislation to keep her in office indefinitely, just like their uncle adolf achieved.

Even the irish are laughing about this...

@62 I think Nestor's parents came in with yugoslavian passports, which given their clearly germanic name implies the catholic church probably helped to get them out of Germany through one of the rat-lines that their friends in switzerland set up.

@63 Maybe Argentine ladies have lower standards than other women.
66 Pete Bog (#) Dec 03rd, 2012 - 11:17 pm Report abuse
@62“He's known as a “ladies” man”

Around elephant seal colonies, certainly, though the females probably prefer their own kind who are slimmer than Maximo.
67 rule_britannia (#) Dec 04th, 2012 - 01:32 am Report abuse
@66 I think Maxi K. was talking about his Playstation. Lady's Man is a concept that appears in 7 games...
68 andy65 (#) Dec 04th, 2012 - 03:49 pm Report abuse
Perhaps Hitler Crstina should read the following
69 GeoffWard2 (#) Dec 04th, 2012 - 05:01 pm Report abuse
This is mere speculation about Nestor Kirchner being a nazi who found refuge in Argentina.
Unless somebody can come up with some irrefutible evidence, I suggest we knock such comment on the head.
70 Captain Poppy (#) Dec 04th, 2012 - 07:10 pm Report abuse
I don't.....the logic is there and therefore cannot be ignored and deserves to be explored.

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