MercoPress. South Atlantic News Agency
IMF again warns Argentina about protectionist and foreign currency exchange policies
The International Monetary Fund Director for the Western Hemisphere, Alejandro Werner, warned on Monday about the “negative effect” that the existence of two foreign currency exchange markets and protectionist policies bring to Argentina. Read full article
Comments
Disclaimer & comment rulesWarning Warning Warning.... but do they listen?
May 07th, 2013 - 10:26 am - Link - Report abuse 0@1 Anglotino
May 07th, 2013 - 10:34 am - Link - Report abuse 0Agreed. They've already warned. It's about time they put their money where their mouth is and start sanctioning, or kick them out all together.
I know Argentina going tits up isn't going to help the world's economy, but it's going to happen sooner or later unless the Argentine Government are FORCED to obey the treaties and international laws that they promised they would.
One way or another Argentina is going down, mainly because the Argentine government are useless and don't even attempt to solve the problems, they just compound them.
Maybe a year ago, with action from the government things could've been turned around, but as usual, rather than admit that they may have got it wrong regarding the economy, the government just keep on track, racing at full speed towards disaster, whilst simultaneously yelling that 'everything's okay' and 'it's all (insert scapegoat here) fault.
More proof that Cristina need 4 more years to finish the job and destroy Argentina.
May 07th, 2013 - 10:45 am - Link - Report abuse 0@2 LEPRecon
May 07th, 2013 - 11:44 am - Link - Report abuse 0Totally agree. Such a shame for the average person. Also hope it doesn't spill over too much into the region.
Btw, what does your name stand for? I always think if a Puerto Rican economist living on the Lower Eastside. Lol.
@4 Anglotino
May 07th, 2013 - 12:30 pm - Link - Report abuse 0My name comes from a book called 'Artemis Fowl' by Eoin Colfer, an Irish author. It stands for: Lower Elements Police (LEP) Reconnaissance (Recon), or as it is also known: leprechaun!
liars! all incompetent people in the imf. arg is different from the rest of the world. all what is bad for the rest of the world is good for arg, especially for me: CFK and my governmental gang members, including my son´s youth gang.
May 07th, 2013 - 01:08 pm - Link - Report abuse 0inflation is good because we can buy less and so don´t become so fat.
peso is better than dollar because we speak spanish, not english.
we don´t need shools and education because we like to stay stupid. especially in the government.
LEP you write like a leprechaun and I thought it was from there.
May 07th, 2013 - 01:09 pm - Link - Report abuse 0Nothing has changed my mind. But you don't have a pot of gold either and you did have that going for you.So you post nonsense(it is lacking in sense) and you are poor.All you have is nursing.Oh dear.
What should Osborne have done a year ago?
I can't imagine after all of this time Argentina will relent, start producing real inflation stats and restate back to 2007.
May 07th, 2013 - 01:53 pm - Link - Report abuse 0They're is just too much of the “Chinese like growth” myth that would publically embarrass the bag lady from BA and destroy the cross eyed wonder's legend.
So in Oct, IMF will sanction and if CFK is still aound move for expulsion
Now all of this may be put on hold if the gov't changes
which I expect it will...soon and violently
@8: “... if the gov't changes...”
May 07th, 2013 - 04:04 pm - Link - Report abuse 0not with this conglomerate auf opposition parties who are also looking for their own pockets. if ck offers some of them some millions they will vote for her. all!
Oh look Yuleno has crawled out from under his rock.
May 07th, 2013 - 04:40 pm - Link - Report abuse 0Someone who supports turfing native Amerindians from their land, because it's not like they're human or anything.
That about sums you up Yuleno.
As for Argentina, it's screwed. It's even more screwed than any other time in its history, and the current government is going to make this default one to remember. Of course, the only people who will be affected by this are Argentinians. The people whose pension funds CFK and her gangsters have stolen. So this default is against the people of Argentina, with CFK charging full speed ahead to ensure that Argentina never again rises from the ashes.
The way she acts, anyone would think she was being paid by a foreign government to ruin Argentina.
Soon the IMF will get fed up of CFK and her antics and kick Argentina out of the IMF. That means you can forget getting any loans from the World Bank or anywhere else, as Argentina's credit rating will be reduced to junk status, somewhere along the lines of Somalia. The only difference is that Somalia is trying to claw its way out of the abyss, where Argentina seems to be eagerly rushing towards it.
BUENOS AIRES, Argentina — Cristina Fernandez has rejected any currency devaluation while she's president of Argentina, and is dismissing as election-year politics a brewing scandal over allegations of money laundering by businessmen close to her and her late husband Nestor Kirchner.
May 07th, 2013 - 05:07 pm - Link - Report abuse 0But as inflation soars, central bank reserves drop and the economy slows, Argentines are losing faith in the peso, and in her leadership.
New polls show she's lost more than half the support she had when re-elected, including a 10-point ratings drop in the days since a scandal broke over allegations that Kirchner ally and businessman Lazaro Baez spirited millions in cash out of Argentina in private planes.
Fernandez waved off the trouble Monday night, but faced new trouble Tuesday as union boss Hugo Moyano launches a political party, taking away more supporters.
The end is nigh
11 yankeeboy
May 07th, 2013 - 05:19 pm - Link - Report abuse 0And the sooner the better so we can all deal with it and put it behind us. But will the new lot be any better than this lot. NFC.
The IMF always puts me in mind of the story of the, “Boy who ride wolf!”
May 07th, 2013 - 06:04 pm - Link - Report abuse 0Just exactly what do you have to do before they impose sanctions, because frankly, I am bemused! It almost seems as if theft are afraid!
IMF Warns
May 07th, 2013 - 06:18 pm - Link - Report abuse 0IMF IMF IMF,
Why not IMF gives CFK 5 billion to reply,
IMF,
Fools idiots and weirdoes.
Or just call it,
I.A.F.
International Argentine fund,
Simple. Simple
And that why CFK just laughs at the IMF.
.
Are you in B A yankeeboy or are you trying to make your post appear more authentic.
May 07th, 2013 - 06:51 pm - Link - Report abuse 0Well you have failed.It is just the usual claptrap of a neoliberal non intellectual.Can't you balance your posts with less money indices as your bases as that is insufficient.Many countries survive monetary difficulties as predatory capitalist ply their trade.
LEP,your drivel is commonly called ranting.I have never posted that indigenous rights do not need respecting.You need to get this matter sorted in your head.
Where do you stand on UK immigration policy and its history and current policy in good old Northern Ireland.
I would say the world economy was destroyed in 2008. Thanks to the USA, Britain, Spain, Iceland, Greece, and now basically the rest of Europe.
May 07th, 2013 - 07:00 pm - Link - Report abuse 0Good job dummies.
@15 Yuleno
May 07th, 2013 - 07:05 pm - Link - Report abuse 0As usual you don't comment on the content of this article, just try to obfuscate the topic.
I do remember you posting that the native Amerindians in Argentina had no rights because, according to you, they originated from Chile, despite the fact that their ancestors were there before the Europeans turned up and started carving up their lands between them.
But what do you think about the topic of this news article? Argentina once again getting a ticking off, and will soon face sanctions or even expulsion.
However, that seems irrelevant now that the peso is trading at more than 10-1 on the US dollar.
Devaluation is inevitable now, and the people of Argentina will suffer.
Do you care about that, Yuleno? Or are you like most Argentine trolls on here and don't actually live in Argentina?
@16
May 07th, 2013 - 07:09 pm - Link - Report abuse 0The world's economies have some major readjusting due to the unbridled greed of a few and the irresponsibility of many. Of course that applies to Argentina too.
Yul, that was a cut and paste from a news article.
May 07th, 2013 - 07:12 pm - Link - Report abuse 0Are you really that stupid?
You're Rg so that is probably a yes
And lets not forget Japan. So it's ironic it's them criticizing Argentina, when the reason there is so much wild volatility in markets and economies and currencies is because Europe, the USA, Japan, China, etc are playing all kinds of games with THEIR currencies, because their economies are basically shit and don't know how to get out of it.
May 07th, 2013 - 07:18 pm - Link - Report abuse 0Wow, CFK is trying to con the Rgs into buyimg some bond to sweep up the last of the U$ in the country.
May 07th, 2013 - 07:47 pm - Link - Report abuse 0I hope nobody is stupid enough to fall for that!!
deperate animals bite and snarl
wait for it
I love the sales pitch, “No honestly, it's legit, other countries have done it, honest”. Hilarious.
May 07th, 2013 - 08:07 pm - Link - Report abuse 0Yeah, he was awfully figety too, looked like a liar to me.
May 07th, 2013 - 08:11 pm - Link - Report abuse 0Those people better get on the next plane out of BA
I am pretty certain this has been fabricated out of desperation and under pressure, late at night. It sounds like an interesting idea, in the right country, in the right economic environment, and with TRUST in the economy, and TRUST in the government.
May 07th, 2013 - 08:20 pm - Link - Report abuse 0It also tells everyone that the government is out of cash. Have they thought of juggling at the traffic lights on Av. 9 de Julio for dollars?
You re right, all they did today was confirm the well is dry and NOBODY wants to invest in real estate or the o/g industry.
May 07th, 2013 - 08:28 pm - Link - Report abuse 0They also just speeded up the depreciation
@24 & 25
May 07th, 2013 - 08:44 pm - Link - Report abuse 0I've just read about this in Clarin. They government are really desperate now aren't they?
Do they honestly believe that those people who have managed to squirrel away a few dollars for the imminent rainy day is so stupid as to suddenly just give it away to the government?
Perhaps CFK and all the government ministers should buy these bonds 1st. I mean they're the ones with the most US dollars, aren't they?
Smells like desperation to me.
May 07th, 2013 - 09:02 pm - Link - Report abuse 0LEP.
May 07th, 2013 - 09:44 pm - Link - Report abuse 0That's how stupid you are.The Mapuche where the people I referred to as coming from Chile in relation to particular events.The Mapuche live and have lived in an area of Argentina and Chile.They have an on going struggle against the states of Argentina and more relevantly Chile,where their land is being robbed currently.
Indigenous rights are more pressing an issue , than whether a devaluation of a currency brings down a gvt.Check out what happened to the Labour gvt when it devalued in good old UK.
How is Cameron doing in the ratings and who do you think will replace him in the schizoid Tory party? Paisley?
The press conference of Argentina's finest has not stopped the dollar climb. Astonishing. :)
May 07th, 2013 - 10:00 pm - Link - Report abuse 0Lorenzino couldn't talk me out of a burning car, let alone give him my hard earned cash. I am glad the Argentine people are not falling for it.
The best part is they have a list of people not allowed to give them money. LOL!
LOOOL
May 07th, 2013 - 10:20 pm - Link - Report abuse 0I got to post #6 and #7 and they are identical.
I couldnt stop laughing!
Yuleno, you seem math avoidant in your comments.
May 08th, 2013 - 12:23 am - Link - Report abuse 0I think they are terrified there isn't enough U$ to pay for the fuel they need to get them through the winter.
May 08th, 2013 - 01:21 am - Link - Report abuse 0Rut Ro
It seems some of you need yet another free ride on the TroLLey to Truth.
May 08th, 2013 - 02:47 am - Link - Report abuse 0@33 If you had any sense you'd fill your trolley with baked beans and hide back in your basement before the soon-to-be-starving Argie cannibals try to eat your face.
May 08th, 2013 - 03:36 am - Link - Report abuse 0HHahaha
May 08th, 2013 - 07:23 am - Link - Report abuse 0Oh I just vomited in my mouth.
May 08th, 2013 - 07:59 am - Link - Report abuse 0Now we all know Nostrils pick up line.
“Hey baby, wanna come to my parent's basement and have a free ride on my trolley to the truth?”
For Christ's sake Nostrils. Put it away. Wrong website. Isn't your keyboard sticky enough already?
@28 - Yuleno
May 08th, 2013 - 12:21 pm - Link - Report abuse 0Yawn. Here we go again. Backtrack, deny, etc...
When you've dug yourself into a hole, it's best to know when to stop. You don't know when to stop do you?
You don't believe that native Amerindians have right, or that your ancestors stole their land.
But none of that is actually relevant to the fact that Argentina is rapidly going down the toilet, and your currency is worth about the same amount a toilet paper. The only difference is that toilet paper has a use.
LEP
May 08th, 2013 - 06:15 pm - Link - Report abuse 0You write and not think.Hence you yawn.
You don't know what you are write about.Amerindians is not a word of Mapuche.Its origins come from the same root as America does.Use Mapuche for Mapuche.diaguita for diaguita or indigenous for the original people of the territory.Dont use the language of the colonisers if you have an issue with colonisers.Being English rather than Irish tells me you can't tell colonising from occupying.Stop yawning and look where your feet are.There might be holes in your path.
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