Thursday, April 25th 2013 - 21:51 UTC

Economy minister and aides tell Greek television: “in Argentina we don’t discuss inflation”

Economy minister Hernan Lorenzino became the laughing stock of Argentina when a video was revealed showing him suspending an interview with Greek television arguing that Argentine inflation ‘is too complex’ and telling his aides, ‘I want to leave’. One of the aides then tells the Greek reporter that in Argentina ‘we don’t discuss inflation’.

Lorenzino: ‘inflation is too complex”…’I want to leave’…

A video of the interview surfaced this week and quickly became the talk of Argentine social networks. On Twitter his words were constantly re-tweeted, and the video of the visibly uncomfortable minister played repeatedly on Argentine television news stations that aren’t aligned with the government. Someone even put his voice to a cumbia beat, mashed it up with the Peronist March and posted the music video on YouTube.

Lorenzino granted the interview in his ministry headquarters to Eleni Varvitsiotis late last year, but the Greek channel Skai TV didn’t broadcast it until Tuesday, as part of a documentary comparing Argentina’s 2001 economic crisis to the situation in Greece.

Private economic analysts have said Argentina’s consumer prices rose about 26% in 2012, more than twice the 10.8% published by the government’s inflation index, whose accuracy has been publicly rejected by the International Monetary Foundation.

“I have a very simple question for you, which seems very complicated these days: How much is Argentine inflation at this moment?” she asked.

“Official statistics show month after month the inflation and this is the only inflation possible, that provided by the official stats office” the minister responded in Spanish.

“But, how much is it?” she insisted.

Increasingly uncomfortable, Lorenzino said “I think the cumulative inflation over the last 12 months is 10.2%; I might be off by a decimal.”

The journalist then noted that the IMF has warned that it will impose sanctions against Argentina for putting out false statistics. “What will you do about that?”

“I don’t know, I don’t know. Can we turn off the camera a moment? I want to leave,” Lorenzino said addressing an aide.

The rest of the encounter was captured on audio. Lorenzino can be heard telling the reporter, “Talking about inflation statistics in Argentina is complex. ... I’d rather leave it with the last thing I said and not go on about it.”

Lorenzino then leaves, and an aide can be heard telling the reporter: “We never speak about inflation, not even with the Argentine media.”

But “price increases are the main topic of the economy now” protests the Greek reporter. “Everyone in the street is saying there’s high inflation. It’s not possible that I not ask about it. If not, I’m not doing my job.”

62 comments Feed

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1 darragh (#) Apr 25th, 2013 - 10:24 pm Report abuse
Argentine Ministers - the joke that keeps on giving!!!!!
2 ElaineB (#) Apr 25th, 2013 - 10:24 pm Report abuse
Perfect. That is how the Argentine government works. “We don't talk about it”. Priceless.
3 Baxter (#) Apr 25th, 2013 - 10:26 pm Report abuse
As ElaineB says , Priceless ! Can anybody be so stupid ?
4 Beef (#) Apr 25th, 2013 - 10:51 pm Report abuse
You deserve what you vote for. If Argies wish to know who to blame then they simply need to look into a mirror.
5 Britworker (#) Apr 25th, 2013 - 11:01 pm Report abuse
And they wonder why the world doesn't trust a word they say. They are not even good liars, they tell that much lies they have forgotten what is real and what is fantasy.
6 andy65 (#) Apr 25th, 2013 - 11:05 pm Report abuse
Think.Dover ,Marco-any Argentine trolls care to comment or is this something you also do not like to talk about.
7 Chicureo (#) Apr 25th, 2013 - 11:12 pm Report abuse
I feel sorry the poor guy, he obviously cannot comment on the inflation rate. “What a web we weave...”
It is priceless however to watch.
8 andy65 (#) Apr 25th, 2013 - 11:22 pm Report abuse
Cristina would have cut his balls of.
9 Captain Poppy (#) Apr 25th, 2013 - 11:26 pm Report abuse
Maybe he worried he would end up dead in some hotel room in Uruguay if he mentions inflation. He was scared shitless.
10 Orbit (#) Apr 25th, 2013 - 11:36 pm Report abuse
“I want to leave” ... his own ministry ? And why did he have to ask his mum behind him for permission ?
11 Optimus_Princeps (#) Apr 26th, 2013 - 12:53 am Report abuse
As if we didn't know.
12 Captain Poppy (#) Apr 26th, 2013 - 01:04 am Report abuse
Just when you think the government of Argentina can't be a bigger international joke.......Lorenzino proves the world wrong.
13 USL (#) Apr 26th, 2013 - 01:44 am Report abuse
I'm Argentinean and I feel ashamed of most of the attitudes of our government, as many other people here. But I'm reading some comments which tend to generalise our people, and that's not fair. You cannot compare the people with this shameless government, so get informed properly before saying what you asume is true.
14 John Troll the 3rd (#) Apr 26th, 2013 - 01:46 am Report abuse

Hey, if the Americans and Brits tolerated with legs wide open being taken to actual war without any actual explanation, this pales in comparison.
15 Anglotino (#) Apr 26th, 2013 - 02:40 am Report abuse
Won't work Nostrils!
16 John Troll the 3rd (#) Apr 26th, 2013 - 02:46 am Report abuse
I never said it would. That's why they (and also you Australians) were completely fooled by pretty amateurish politicians (just look at how intelligent W. Bush and Howard look!), like three year old kids being tempted with a lollypop so you can steal their bag of candies.

Not very impressive societies when they can send your children to die on a fabrication and you still don't realize it. Really, to talk about a fabricated inflation number is unmitigated gall.
17 Boovis (#) Apr 26th, 2013 - 03:21 am Report abuse
Get back to the subject...
18 Think (#) Apr 26th, 2013 - 05:02 am Report abuse
We could spin this one as follows…:
Hernán Lorenzino is no good at lying.
Hernán Lorenzino is very, very bad at lying.
Hernán Lorenzino will never excel at lying as these guys….:

El George, el Colin, el Donald, el Ari, el Dick…:

And, last but not least, ”El Gran Tony”…:

Anglos leading the (lying) way….yet again….
You may keep that lead forever…..
Brainwash anybody?
19 Boovis (#) Apr 26th, 2013 - 05:23 am Report abuse
“It's ok to lie because someone else lied”
“it's ok to invade because someone else might have invaded”

Do argies always justify their actions by someone else's wrongdoing? Can you go back to the subject of the article rather than always trying to distract from the actual story all the time?
20 Anglotino (#) Apr 26th, 2013 - 05:33 am Report abuse
Still not working guys. Deflection just doesn't work any longer.
21 Think (#) Apr 26th, 2013 - 05:40 am Report abuse
(19) Boovis

The “Actual Story” in here is that Anglo Turnips are pathetically brainwashed by Murdoch & Co.......
As 99.8% of your Turnipy comments clearly show.....
22 Anglotino (#) Apr 26th, 2013 - 05:54 am Report abuse
I don't realise Skai TV was owned by Murdoch.

Speaking of brainwashing; how does one not talk about ~30% inflation?

Especially when you are a member of government?

Perhaps we should call the real inflation rate in Argentina the Voldemort inflation rate.

The name we daren't speak.
23 Gordo1 (#) Apr 26th, 2013 - 05:58 am Report abuse
@13 USL

I agree totally with your sentiments. The unfortunate thing about this forum is that La Cámpora supported trolls and malvinistas try to take over and their inanities provoke some commentators to make OTP remarks.
24 willi1 (#) Apr 26th, 2013 - 07:36 am Report abuse
@13 USK - your arg problem is that more than 55 or 60 % of your people act in line with lorenzino and ck because they take advantage of stealing other people money and give a little part of it to “the poor” and the rest to the ck-gang sponsored pockets.
it´s your tragedy to live in this country during the ck-gang´s government. hopefully you can get rid of them the next election.
25 LEPRecon (#) Apr 26th, 2013 - 07:50 am Report abuse
This incident just shows how amateurish these politicians are.

An experienced politician would've given a 'non' answer, then tried to deflect the topic onto something else.

The last thing any politician should do is shy away from the press. The press are like sharks and when they smell blood they start circling.

Argentine politicians should take lessons from other countries on how to 'handle' the media.

However, considering the Argentine President refuses to face the media, it's hardly surprising that the rest of her 'government' are useless when faced with them too.

This is going to haunt the current Argentine regime. It has made them look foolish, unprepared (he was the economic minister FFS, what topic did he think they would be questioning him about?), frightened, inept and amateurish.

It's not a good way to advertise your country or your government.
26 willi1 (#) Apr 26th, 2013 - 08:22 am Report abuse
each country in the world would be ashamed about such an idiotic minister, only not arg. the reason: the whole arg governmental gang is such idiotic. ck on top!
how can a country be ruled with such individuals?
27 Stevie (#) Apr 26th, 2013 - 08:55 am Report abuse
That's an outright lie!
The vast amount of the comment sections, like this one, starts of with clueless Brits and yanquis bashing Argentina, disregarding the fact that their own country is the same or even worse.
Just have a look at the first 12 posts, those before USL's comment.

Argentina may have an idiotic minister.
In Britain those guys go all the way though.
Idiots in their Prime, maybe?
28 DanyBerger (#) Apr 26th, 2013 - 09:05 am Report abuse
May be someone like Nick Clegg will help?

Nick Clegg gets asked about his arson 'conviction'.

“how can a country be ruled with such individuals?”
Brainwashed who?
29 brit abroad (#) Apr 26th, 2013 - 09:11 am Report abuse
Stevie, what you so upset about??? You are such a wet!!

Anyway nice try from the RG monkeys on here trying the old “smoke and mirrors” routine to cover up the base studpidity of one of your politicians.

RG idiots stop building houses, you should be growing trees to live in!
30 Stevie (#) Apr 26th, 2013 - 09:24 am Report abuse
Me upset? For what, a bunch of lying Brits?

If I would let that upset me, I would be a very angry man.

Here, have a smile and a hug.


31 Pirate Love (#) Apr 26th, 2013 - 09:52 am Report abuse
“If we dont talk about inflation, then it doesnt exist, instead lets deflect and talk about things that dont exist like the Argentine claim over The Falklands”.......
......The Kirchner model!

meanwhile the poor of Argentina will continue to pay for there ignorance and lies.......
32 Captain Poppy (#) Apr 26th, 2013 - 09:56 am Report abuse
LEPRcon you are absolutely correct. Any respectable (is there any?) politician could have gone through that interview like a hot knife through butter. Their problem is they own the press. The press are like flies on shit and they are use to shooing the flies away because they control them. They always seem to make a bigger pile.
33 Anbar (#) Apr 26th, 2013 - 10:22 am Report abuse
Can somebody explain to us all how Greeks can be “Anglo”?


This Argentine Government is a classic among classics: Now incapable of defending their fake economic statistics they have decided on a new track which is just to refuse to discuss aspects of it that they cannot defend.

Remarkably this is the exact fashion in which the Campora/Malvo gang behave on Mercopress... defelection or total refusal to answer direct questions.


“”“”You cannot compare the people with this shameless government, so get informed properly before saying what you asume is true.“”“

Well the problem USL is that the observed behaviour of the Argentine posters on Mercopress conforms exactly to that of your Government.
So coming here TO get informed, by direct communication WITH Argentines, leaves one with the clear picture that the vast majority of Argentines support their Government and all of its actions and foibles...and act in the same fashion.

If that is NOT the case then YOU, and other Argentines, NEED to speak-up and openly condemn your government and those Argentines who not only only support the deceits of your government but also everything they say & do.

Only YOU can inform us, sadly you are currently leaving that job up to Campora trolls and indoctrinated Malvinistas....


You could start by telling us how much coverage this interview has had in Argentina and why it has not been on the frontpage of every paper, magazine and opening slot of TV news.... as it most assuredly would be in most ”First-World“ democracies.


Oh and can you explain why Greeks are ”Anglos”...? Perhaps have a word with Think (who claims to be Argentine) thinks all the Greek nation are English.
34 travellingscotsman (#) Apr 26th, 2013 - 10:35 am Report abuse
please see programme about Argentina's “economic miracle”
35 yankeeboy (#) Apr 26th, 2013 - 10:52 am Report abuse
And they wonder why they get laughed at and doors slammed in their faces when they come to the USA.
Greasy Mullet headed retard, who the heck wants to talk to him about anything?
Gads that idiot ruined their chance to get back on track with the IMF so in Sept they'll be sanctioned.

I can't wait for all the g4 Rgs to get their 30 day letter to exit the USA. THey won't even be able to get travel visas here!

I wonder who will end up with the RG shares? Brazil, China or India?
36 Conqueror (#) Apr 26th, 2013 - 11:06 am Report abuse
@13 We can understand your response, your attitude and your views.

Now tell us this; Who voted that “government” of yours into power? And who did YOU vote for? Or did you not bother because you knew it would make no difference?
@28 Clegg was, and is, a necessary evil. It was very important to get the Labour Party OUT of government. The Labour Party have a number of similarities to the Peronists. Fortunately, as polls and recent election results show, Clegg's ineptitude is turning the LibDems into a party that will be unelectable. However, comparing Clegg with CFK shows that there may be a place for him. In argieland. He speaks Spanish, so there would be no language barrier. He has a nice enough looking Spanish wife, so that will put CFK on the back foot. And his “policies” might even be good for argieland. They can't be any worse than the current ones!
37 surfer (#) Apr 26th, 2013 - 12:31 pm Report abuse
So to round up the response from the Blue corner (trying to defend the indefensible)...

John Troll the 3rd - George Bush

Ol Stink - George Bush and Iraq

DanyBerger - Nick Clegg

Stevie - Finally someone is on topic - 'Argentina may have an idiotic minister.'
38 LEPRecon (#) Apr 26th, 2013 - 01:21 pm Report abuse
@27 - stevie

'Argentina may have an idiotic minister.'

What, just the one? How about Timerman? Purcelli? Castro? Or your President?
39 axel arg (#) Apr 26th, 2013 - 02:40 pm Report abuse
Beyond what minister lorenzino answered, mercopress commmits more of it's usuall omisions. For being honest, i don't know wether this news was published by chanels and radios which aren't aligned with the government, however, it was published in página12 today, which is a pro kirchnerist newspaper and leftist. Search it in
In relation to lorenzino's answer, for some journalists sometimes their problem is that not all the time they receive the answer that they want to hear. Minister lorenzino was clear when he said what is the inflation level in argentina according to the indec, and it's obvious that neather him nor any other minister is going to valid what private statistics publish every month. That greek journalist or any other can agree or not on lorenzino's answer, however nobody can say that he refused to answer the question about inflation level. Anyway he should have explained deeply the true causes of the problem, many minister often do it, i heard them in different oportunities, thats' why i was sorprised when i read that he said they never talk about inflation not even with the argentine media, that answer was really pathetic.
40 Captain Poppy (#) Apr 26th, 2013 - 02:42 pm Report abuse
I never watch utube, but I did when I heard of this. Lerenzino looked like he realized he just wet his pants, or passed a wee bit more than
41 yankeeboy (#) Apr 26th, 2013 - 02:56 pm Report abuse
Axel, Part of a journalist's job is to call out the b/s. She did and that goofball ran.
There is not one person that thinks Inflation is 10% not one.
I think I told you a while back you'd be making around U$300/mo by the end of this year.
Looks like I am right on track
and your salary is in the toilet
Sorry for your loss
42 Captain Poppy (#) Apr 26th, 2013 - 04:03 pm Report abuse
He is totally unprofessional. If he was competent and capable (lol for an Argentine kirchnerite.....suuuuuure), all he had to say was “no comment” or “that's an area in planning and not open to dicussion”. But no.......he cried and ran home.....from his
To state that they do not discuss inflation with the media is beyond pathetic, but certainly insightful in the the thinking of a typcial kirchnerite.
43 Anbar (#) Apr 26th, 2013 - 04:15 pm Report abuse

Is that the new portfolio for this Argentine Minister?

Seems very appropriate & accurate... which is very unusual for CFK's Dictatorship..erm.. “Government” I mean.
44 Stevie (#) Apr 26th, 2013 - 04:24 pm Report abuse
Argentina MAY have idiotic ministers, yes.
But don't be afraid, nobody is going to take up the competition with you lot.
In Argentina it stops in the ministries, and although the case is the same in the UK, Argentina doesn't have a Prime Idiot...
45 CarolaLSB (#) Apr 26th, 2013 - 04:42 pm Report abuse
13 USL (#)

Te entiendo perfectamente. Yo soy argentina, nunca vote a estas lacras que se estan robando el pais. Por desgracia, siempre hubo elecciones corruptas, y dudo mucho que ahora CFK tenga el 54%, mucha gente que la votó está arrepentida. Todos hablan, pero ministros y Presidentes de muchos paises han cometido errores de este tipo. Lorenzino es un titere incompetente.
46 reality check (#) Apr 26th, 2013 - 04:54 pm Report abuse
Just watched travelingsctsmans link @ 34. Needs to be watched, defy anyone not to have anger at or sympathy for the plight of these Argentines. Shocking does not even begin to describe the way these people are being treated.
47 yankeeboy (#) Apr 26th, 2013 - 05:11 pm Report abuse
There was a huge decrease in fertilizer use this year, The farmers are ruining the soil to try to maintain profitability.
Not good for the long run
but Rgs don't seem to think about consequences
48 reality check (#) Apr 26th, 2013 - 05:20 pm Report abuse
I live in Norfolk UK, there are vast ( it's all relevant ) swathes of land here that are factory farmed. There are three or four crops produced from land, where previously there would have been one. The busiest agricultural machines working, are the sprayers. I know we need the food, but can not help wondering what we might be letting our grand and great grandchildren in for.
49 Captain Poppy (#) Apr 26th, 2013 - 05:27 pm Report abuse
CarolaLSB Lorenzino is a perfect idiot that beckons to the call of Kirchner. How can anyone of reasonable inteeligence be so blind to her incompetence?
Is it true that a South American saying is “ yes he steals but he does good also”? How did the Kirchner's fool the people or Argentina? I have yet to meet anyone there that voted for her, remains me of Ted Kennedy here in Massachusetts yet he lived in the US Senate.
50 John Troll the 3rd (#) Apr 26th, 2013 - 05:39 pm Report abuse

It sure beats the North American saying “they steal, and lie and we can't even admit it”.
51 MagnusMaster (#) Apr 26th, 2013 - 05:54 pm Report abuse
@ 49 “How did the Kirchner's fool the people or Argentina? I have yet to meet anyone there that voted for her, remains me of Ted Kennedy here in Massachusetts yet he lived in the US Senate”
free football, cheap TVs and little unemployment. The middle classes only complain where the economy is doing poorly, they are blind sheep. Don´t believe everything people say, a lot of people who voted CFK are too ashamed to admit it.
52 reality check (#) Apr 26th, 2013 - 06:00 pm Report abuse
People will only take so much, when the shit hits the fan over there, it is going to hit it big style.
53 CarolaLSB (#) Apr 26th, 2013 - 07:08 pm Report abuse
51 MagnusMaster (#)

Elections were never transparent here, so fraud is a big possibility. Also, many, many people voted for CFK in exchange for jobs, plans, or simply, convenience. I despise those types. It's clear that these populists govts. are a fail in Argentina, yet people keep voting them.

The people that complain are not only middle class. And I don't think middle class people are blind sheep, quite the contrary. They are usually educated enough to see through the lies, and they don't stand to gain political or business favours. Mostly lower and higher class voted for CFK.
54 MagnusMaster (#) Apr 26th, 2013 - 07:35 pm Report abuse
@53 fraud isn't as big in Argentina so as to completely invalidate the results of the elections. I remember back in 2011 all the middle classes supported CFK and were very happy with her policies. They didn't care that she was a dictator, as long as the economy was doing well so they could buy a new TV. There were also lots of middle class people believing the Kirchnerist propaganda. The middle classes think they are smart but they are just as stupid as the poor.
55 Optimus_Princeps (#) Apr 26th, 2013 - 08:50 pm Report abuse
@55 I don't associate with people that voted for Cristina, and I can't find a supporter of hers with decent hygiene, a good job, or even half a brain.

It appears that they all participated in a program called “Lobotomías para Todos”, and decided to blindly shout political and economic stupidities, like you'll find on this forum. They don't stand for anything, and they seemingly don't have complete personalities.
56 ElaineB (#) Apr 27th, 2013 - 01:04 pm Report abuse
It appears CFK has made her displeasure known to Lorenzino.
57 yankeeboy (#) Apr 27th, 2013 - 01:32 pm Report abuse
It's never good when people put out mashups set to cumbia music to make Ministers look even more idiotic
if that is possible
58 Captain Poppy (#) Apr 27th, 2013 - 03:20 pm Report abuse
mi quiro ir.......isn't that want wee wee?
59 Pete Bog (#) Apr 28th, 2013 - 10:09 pm Report abuse
“The journalist then noted that the IMF has warned that it will impose sanctions against Argentina for putting out false statistics. “What will you do about that?””

Come on folks he gave a truthful answer=RUN AWAY

“I don’t know, I don’t know. Can we turn off the camera a moment? I want to leave,” Lorenzino said addressing an aide“

Which is what he will do when faced with the IMF, so at least he was being honest, though making himself look a prat.

Makes the joker politicians in the UK look very good.

”We don't discuss inflation in Argentina”

Your inability to face up to reality , confronting problems to solve them is screwing up Argentina mate!
60 Captain Poppy (#) Apr 29th, 2013 - 12:59 pm Report abuse
I wonder what this will do for the Argentine economy and how many jobs they take with them?

Global giants like state-owned oil producer Petroleo Brasileiro SA (PBR), mining company Vale SA (VALE) and food processor JBS SA (JBS) have scaled back their Argentine operations or signalled they want to leave the country altogether.

Read more:
61 yankeeboy (#) Apr 29th, 2013 - 01:47 pm Report abuse
PetroBras can't find any buyers my bet is YPF will buy their assets in Arg and JBS has shut down/consolidated just about every plant they bought a decade ago when the USA company bailed out. I'm pretty sure they'll offload the remaining plants on some RG cronie and get out altogether shortly.

There is no bright side for Argentina
until CFK is gone
62 Captain Poppy (#) Apr 29th, 2013 - 02:14 pm Report abuse
And yet her party still supports her. SHe must be distributing huge amounts of greens to the party to remain in power. If they start outing them in October.....I think the heat will really be on ousting her........what did they call it......a legislative coup? lol
Back talk is the Argentina wants to pay Repsol with licenses to drill in shale. lol Fucking the can find oil and have it taken again!

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