Monday, September 9th 2013 - 02:29 UTC

Cristina Fernandez now refers to the IMF chief as “Madame (Christine) Lagarde”

IMF Managing Director ‘Madame (Christine) Lagarde’ had words of support for Argentina’s position in the dispute with ‘vulture’ (hedge) funds during an informal encounter with Argentine officials on the sidelines of the recent G20 summit in Russia.

IMF chief Lagarde and Cristina Fernandez

According to Argentine sources Lagarde described as a “difficulty” the ruling from the New York Appeals Court which condemned Argentina to pay non restructured bond holders the full face value, plus interests of the defaulted sovereign bonds, an estimated amount of 1.4 billion dollars.

“The IMF considers necessary to preserve the structures that enable sovereign debt negotiations and the protection of States. All that is against these basic considerations represent a difficulty”, Lagarde told the Argentine representatives during a casual meeting in the St Constantine Palace where the summit took place.

Despite the ongoing clashes of Argentina with the IMF (referred mainly to the non-reliable government’s stats on inflation and GDP), President Cristina Fernandez underlined the attitude of Lagarde in the court case with the ‘vulture’ (hedge) funds.

A few weeks ago Lagarde admitted that the IMF was ready to come openly in support of Argentina before the US Supreme Court arguing that the NY appeals court ruling puts at risk other debt restructuring of countries in crisis, but it had to desist since the US government said such presentation would mean the ‘IMF was losing its necessary neutrality’.

In merit to that attitude and despite other clashes that can be expected in coming days (referred to the stats dispute) during the St Petersburg summit in a rare change of attitude President Cristina Fernandez referred to the IMF chief as “Madame Lagarde”.

11 comments Feed

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1 Gordo1 (#) Sep 09th, 2013 - 03:38 am Report abuse
“Brown Nose” should now be her nickname, no longer “La Kretina”!
2 Idlehands (#) Sep 09th, 2013 - 04:58 am Report abuse
I'm pretty sure Lagarde still refers to CFK as “that deranged banshee”
3 HO (#) Sep 09th, 2013 - 05:01 am Report abuse
CFK: The vulture does not like 'vultures', hahaha...a big joke
4 Conqueror (#) Sep 09th, 2013 - 06:04 am Report abuse
As with @1, desperate Kirchner now tries ass-licking. Are there no depths to which “the harpy” will not descend? No, there aren't. If she wasn't such a scag she'd be out on the streets trying to sell it. Mind you, most “normal” males would want to be paid to plug it. How fortunate for her that argieland doesn't have any “normal” males. And she can take her teeth out as well!
5 darragh (#) Sep 09th, 2013 - 06:44 am Report abuse
No doubt KFC will also be saying that 'Madame' Lagarde, (the French politician who knows nothing about economics) also fully supports Argentina over the Falklands issue - always good for a laugh is KFC
6 Gonzo22 (#) Sep 09th, 2013 - 08:14 am Report abuse
Madame means Señora or Mrs. Should Cristina call her the Ogresse Christine Lagarde? Mercopress or When hate becomes your everyday food.
7 Anglotino (#) Sep 09th, 2013 - 08:30 am Report abuse

Hate became your everyday food months ago.
8 ChrisR (#) Sep 09th, 2013 - 02:34 pm Report abuse
Lagarde is a poor substitute for the need for someone to steer the IMF at this particularly difficult time.

This is demonstrated by the fact that there have been a number of successful sovereign defaults since Argentina stuck two fingers up to the small Italian investors who put all their pensions into the bonds. In many cases these defaults have overcome the perceived “problems” that Legarde and her people “see” as a problem.

Is anyone surprised that the IMF are behind the curve on this?
9 Briton (#) Sep 09th, 2013 - 02:37 pm Report abuse
Why do these countries even try to entertain a woman who insults them at every stage?
She has no interest other than her own greed,

Its about time she retired now,
And rested her well used wiggling tongue…
10 Britworker (#) Sep 09th, 2013 - 04:13 pm Report abuse
what a pile of shit this story is
11 Gonzo22 (#) Sep 10th, 2013 - 10:21 am Report abuse
@10 oops!
12 british bomber (#) Sep 11th, 2013 - 03:24 am Report abuse
The fix is in. Argentina is going to default with IMF support. America should sanction Argentina and the IMF.

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