MercoPress. South Atlantic News Agency
World's richest man says Argentina is great and predictable: “you can never get hold of dollars”
Mexico’s Carlos Slim, probably the world’s richest man according to Forbes has referred to Argentina with certain irony when he was asked about the current foreign currency restrictions and changing regulatory framework implemented by the government of President Cristina Fernandez. Read full article
Comments
Disclaimer & comment rulesYeah, Carlos Slim didn't BUY YPF shares, he got them because the Eskanazis couldn't pay him back. AFAIK
Mar 01st, 2013 - 03:08 am - Link - Report abuse 0lol, Argentina gettin dissed by its own investors/neighbors
Mar 01st, 2013 - 03:15 am - Link - Report abuse 0This guy is no human example whatsoever. People like him are the reason the world goes hungry. For dollars, even his grandmother is for sale.
Mar 01st, 2013 - 08:29 am - Link - Report abuse 0Anti EVERYONE that speaks out against Argentina. Are we seeing a trend here yet?
Mar 01st, 2013 - 11:25 am - Link - Report abuse 0Yes indeed, anybody who knows anything about fascist Argentina
Mar 01st, 2013 - 12:19 pm - Link - Report abuse 0knows how 'predictable' IT is!!
Philippe
Slim doesn´t have a monopoly, Slism has had at least three other companies openly competing with him since at least 10 years ago. What he does have is a dominance of the market in Mexico and a participation at other markets. That and a share in actions at other companies inside and out of the country. For him to have less dominance would be needed a lot more participation of different telecom companies and for them to offer good promotions. so far most have been way too quiet promoting themselves and similar in services.
Mar 01st, 2013 - 04:47 pm - Link - Report abuse 0And now, about the comment, I think it was taken out of context but then again he is known for being a little excentric, I it was taken from here: ”It is past 10pm and Mr Slim breaks off from the discussion to fumble with his cell phone, thumbing out a text message to a relative to come and pick him up. But before he goes, the conversation turns to Argentina. Most businessmen find its regulatory unpredictably and currency restrictions a stiff challenge. How does he find it?
“I like Argentina, a magnificent country,” he says. “It’s very predictable: you can always be sure you can’t get dollars there.”
http://www.ft.com/intl/cms/s/0/29917698-7d02-11e2-adb6-00144feabdc0.html#axzz2MJ6rXu3S
You don't need dollars. You can use pesos. That way you have to reinvest the profits in Argentina. Not bad, hum.
Mar 03rd, 2013 - 01:16 am - Link - Report abuse 0He must be so stupid in investing in Argentina then.
Mar 03rd, 2013 - 03:07 am - Link - Report abuse 0Well he does have a tendency to make risky inversions XD
Mar 03rd, 2013 - 06:58 am - Link - Report abuse 0He's done something right, he is a billionaire
Mar 03rd, 2013 - 02:04 pm - Link - Report abuse 0He can always sell and pack his bags.
Mar 03rd, 2013 - 06:11 pm - Link - Report abuse 0Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!