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Montevideo, September 21st 2018 - 16:35 UTC

Argentina forecasted to grow 2.7% in 2017, but his year is of contraction and costly reforms, says IMF

Thursday, October 6th 2016 - 12:24 UTC
Full article 67 comments

The latest IMF World Economic Outlook report anticipates that Argentina’s economic contraction will amount to 1.8% this year, fiercer than the IMF’s last forecast of a 1% decline. Inflation, meanwhile, will hover at around 40%, above government estimates, the Fund said. Read full article

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  • Think

    Ģeeeeeeeeeeeeeeeeeeeeeee....

    IMF “predictions”...

    I still remember their “excellent predictions” for Argentina in the nineties... when we were the IMF favourite pupil...

    Anyhow...
    Where is that 2.7% growth in 2017 supposed to come from?

    From the Argentinean industry this administration is killing? Hardly...

    From the construction sector this administration has paralyzed? Hardly...

    From the services sector this administration has pushed into depression? Hardly...

    From exporting soybeans? Hardly...

    Specially after todays China announcement that it's cancelling, with immediate effect, the purchase of some 3.000 million dollars of soyaoil because of the Macri administration breach of contract for the construction of a couple of Patagonian dams...

    Potentially a loss of U$15.000 million... if the chinks cancell all their contracts with us....

    Good job..., IMF...
    Good job..., Mr Macri...

    Oct 06th, 2016 - 03:49 pm - Link - Report abuse -1
  • ChrisR

    Why does anybody even bother with the French crook and the IMF.

    They should alter the name to FUBAR.

    Oct 06th, 2016 - 05:42 pm - Link - Report abuse 0
  • Briton

    IMF,
    they have just re-done the prediction to the prediction they gave Britain,

    Does the IMF really believe all their own predictions,?

    Oct 06th, 2016 - 07:28 pm - Link - Report abuse 0
  • Enrique Massot

    #1 Think
    Excellent summary.
    The IMF, which has mean bad news in most Latin American countries, loves the neo-con economic recipes and blindly continues to endorse governments such as that of Mauricio Macri--no matter its results.
    Of course, none other than an organization blinded by ideology would dare to forecast growth in a country where the domestic sector is being pummelled by growing unemployment, imports opening, reduction of purchase power, and chronic inflation.
    The Macri government had bet on increased income from agro exports--it hasn't happened. Macri had bet on a “rain of investments” that have not materialized, and finally, this “original” government had expected an affluence of dollars held by Argentines abroad--that is also not happening.
    To fix that all, the government is investing big on public relation operations--remember Macri's bus trip revealed a fake?--and on boosting its image through social media.
    Plan para hoy--hambre para mañana.

    Oct 06th, 2016 - 07:52 pm - Link - Report abuse -1
  • Kanye

    Think brings up a good subject, though questionable 'trade' projections with China.

    Evita K, or “CFK ” for Mr. Massot, was pushed into a corner as she insisted on not honouring contracts with her creditors and had defaulted on her payments.
    China saw an opportunity to call the shots in a trade (exploitation) deal with a cash-strapped beggar.

    Macri would not cancel an investment deal if it were good for Argentina.

    He is more likely to have access to investment than the international pariah, Evita K.

    Oct 06th, 2016 - 08:57 pm - Link - Report abuse +1
  • Marti Llazo

    @4 - So the Peronists in the 1990s allowed the IMF to control all of Argentina's financial and monetary matters? Argentina completely powerless to make its own economic decisions? The Armies of the IMF took over the Casa Rosada and Central Bank at gunpoint and forced Argentine officials to do as the IMF demanded.

    Now I understand.

    Oct 07th, 2016 - 01:48 am - Link - Report abuse -1
  • CapiTrollism_is_back!!

    @6

    Yeah, actually.

    Oct 07th, 2016 - 05:58 am - Link - Report abuse -1
  • Think

    (4) Sr. Massot

    Muchas gracias...

    You say...:
    “To fix that all, the government is investing big on public relation operations..... and on boosting its image through social media.
    Plan para hoy--hambre para mañana.”

    I would add...:
    ... and to pay that all, the government is borrowing big (45.000.000.000 U$ in just 10 months) on the international markets... Borrowing only made possible because of Argentinas near Foreign Debt Free Status inherited from the previous administration...

    Plan para hoy--hambre para mañana, indeed

    Oct 07th, 2016 - 06:17 am - Link - Report abuse 0
  • Kanye

    4 and 8

    Two old and obsolete Commies stroking each other.

    Oct 07th, 2016 - 06:29 am - Link - Report abuse +1
  • CapiTrollism_is_back!!

    Forget Communism and Capitalism, us young people could care less about the thoroughly discredited ideologies they fought about in the 1960s and 1970s. Obsolete, and only old fogies stick to such ancient views.

    Isolalionist mercantilistic non-republican federative post-Democracy is the best government for Argentina.

    Oct 07th, 2016 - 06:53 am - Link - Report abuse 0
  • DemonTree

    @10 Capi
    What on earth is that?

    Oct 07th, 2016 - 07:28 am - Link - Report abuse 0
  • Think

    (10) Toby
    Isomernonrepfedposdem..., huhhhh?
    Concise & catchy...
    :-)))

    Oct 07th, 2016 - 07:37 am - Link - Report abuse 0
  • CapiTrollism_is_back!!

    IMNRFPD... rolls of the tongue.

    @11

    Isolationist = no foreigners allowed in the country, not care at all about anything that happens outside the borders.
    Mercantilistic = allow all people complete freedom of competition and enterprise, but restrict capital markets and large-scale speculative activities.
    Non-republican = congress needs 3/4th majority to pass law
    federative = each province has it's constitution in full restored
    post-Democracy = voting continues but key aspects of long term policy (those beyond term limits), decided by Dictatorum, who is appointed for life but is not the president.

    Oct 07th, 2016 - 08:26 am - Link - Report abuse 0
  • ElaineB

    @13 What exactly did a foreigner do to you?

    Oct 07th, 2016 - 08:42 am - Link - Report abuse +1
  • Think

    (13) Toby

    1) Be careful...
    That foreign cougar at (14) is yet again after your young, crisp body ;-)

    2) - That IMNRFPD Perpetual Dictatoru(m) of yours...
    Sounds like a SPQR Perpetual Dictatorum to me...
    Last thing we need down here is a new Tiberius, boy...

    Oct 07th, 2016 - 09:25 am - Link - Report abuse 0
  • ElaineB

    @15 Shouldn't you be playing with your own shit?

    @13 It was a serious question. No one hates all foreigners without a reason.

    Oct 07th, 2016 - 09:33 am - Link - Report abuse 0
  • Think

    (13) Toby
    Careful boy... That spinnster at (16) is as depraved as Tiberius...

    Oct 07th, 2016 - 09:39 am - Link - Report abuse 0
  • CapiTrollism_is_back!!

    I simply dislike anyone who comes up to me, or in a forum, and tells me they are better or superior than me because of their passport, and that whatever their country does or says is automatically and without right to question, better than mine. And therefore I have no right to criticize any other country, since what is “inferior” has no right to raise issues with the “superior”.

    It is not that challenging of a concept to grok.

    Oct 07th, 2016 - 10:11 am - Link - Report abuse 0
  • ElaineB

    @18
    “I simply dislike anyone who comes up to me, or in a forum, and tells me they are better or superior than me because of their passport,”

    Does anyone really do that? More importantly, do ALL foreigners do that or just a few twits. Surely you should just avoid the ignorant ones.

    “and that whatever their country does or says is automatically and without right to question, better than mine”

    Again, who does that? Don't base your prejudice on a few idiots online.

    ”And therefore I have no right to criticize any other country, since what is “inferior” has no right to raise issues with the “superior”.

    You have every right to express your opinion but if you re-read your posts I think the will see it is you with the superior attitude. Is that all bluster to hide an inferiority complex?

    I have said this before to you, TTT, and I will say it again, you can't base your opinions on a few online message boards. You will always get extremes of view and unfettered behaviour. There are some pretty nasty people on this board with major issues. They are not representative of 'foreigners' or 'Argentines'. Get out more and you will see most people are not prejudiced and full of hatred.

    Oct 07th, 2016 - 10:47 am - Link - Report abuse +1
  • CapiTrollism_is_back!!

    So you are suggesting that I troll myself.

    Oct 07th, 2016 - 10:56 am - Link - Report abuse 0
  • ElaineB

    @20 No, just get some perspective.

    Oct 07th, 2016 - 10:58 am - Link - Report abuse 0
  • DemonTree

    @18 Capi
    You actually believed them. That's why you're always trying to prove Britain is inferior on here.

    What nonsense; even if you suppose some countries are better than others in whatever way, it doesn't make their citizens are any better or give them more of a right to criticise.

    Don't buy into their warped ideas; ElaineB is right, there are all kinds of people in the world and in every country. Even the internet has better places.

    Oct 07th, 2016 - 11:05 am - Link - Report abuse 0
  • Marti Llazo

    @10 “Isolalionist”

    In this case, the belief that nothing that occurs outside your mud walls can possibly have any effect upon your circumstances. That your third-world backwater can prosper by producing the poorest quality products and services. That your shite doesn't stink. That the property of any xeno foolish enough to visit is yours for the taking. That entering into agreements with other nations has no value and must not be respected. That the promotion of domestic poverty, ignorance, crime, and economic failure is the first order of business.

    Oct 07th, 2016 - 01:40 pm - Link - Report abuse 0
  • CapiTrollism_is_back!!

    @23

    Isolalionism. Got it.

    Isolationism is what we were talking about though.

    Oct 07th, 2016 - 02:18 pm - Link - Report abuse 0
  • Marti Llazo

    Argentina, at least in some corners, seems to be acknowledging some of the effects of its debilitating traditional economic and business practices.

    Some reminders in today's media here:

    “What it costs to be a country with high levels of corruption” (“Los costos de ser un país con alta corrupción”)

    For those who read jibberjabber:

    http://www.lanacion.com.ar/1943063-los-costos-de-ser-un-pais-con-alta-corrupcion

    Among the observations (no surprises here) for 2015, Argentina was reportedly among the ten worst nations in the world for business ethics. That the world investment community views the region as fraught with fraud. That corruption here is an essential component of the culture . Also reminders that the Argentine justice system is just about worthless for dealing with anything, let alone widespread endemic corruption, which makes the present government's proposals for fighting corruption to be pretty much useless gestures .

    Foreign investment in a rain of dollars? More like a rain of disdain.

    Oct 07th, 2016 - 02:46 pm - Link - Report abuse 0
  • darragh

    @18 Cap

    “grok”? wow a Robert Heinlein fan!

    Oct 07th, 2016 - 03:14 pm - Link - Report abuse 0
  • Think

    (26) Mr. Darragh

    Confess you Paddy rascal...
    You didn't grok that...
    You googled it...

    Oct 07th, 2016 - 05:18 pm - Link - Report abuse 0
  • DemonTree

    @13 Capi
    I'd like to know more about your novel plan for governing Argentina.

    For example, how do you plan to keep all those nasty foreigners out, and would you ban all imports and exports?

    Who would appoint this dictator-for-life? And what happens if they are not doing a very good job, or want to quit?

    Is the intention to make it extremely hard for the government to actually do anything? Cause that's what it sounds like.

    And what's wrong with the constitutions of the Provinces? (Bearing in mind I know nothing about either.)

    Also I propose this new way of running a country should be called Trollism, in honour of it's inventor. :)

    Oct 07th, 2016 - 05:44 pm - Link - Report abuse 0
  • Think

    :-)))

    Oct 07th, 2016 - 06:28 pm - Link - Report abuse 0
  • Enrique Massot

    #6 Marti
    (During Peronist Carlos Menem government in the 1990s): “The Armies of the IMF took over the Casa Rosada and Central Bank at gunpoint and forced Argentine officials to do as the IMF demanded.”
    You haven't got a clue on how things work, Marti.
    There was no need for an IMF armie to twist Carlos Menem's arm to do what he did to Argentina.
    From his very beginning as president, Menem embraced the Washington Consensus and invited conservative politicians Álvaro Alsogaray and María Julia Alsogaray and businessmen from Bunge and Born into his cabinet.
    Menem privatized electricity, water, and gas, YPF, and partially privatized the pension funds
    His fourth minister of economy, Domingo Cavallo, deepened neoliberal reforms, privatizing the Correo Argentino and the nuclear power plants.
    The IMF and the world (and national) establishment loved Menem and kept singing his praises until the collapse of the big lie.
    The reasons?
    Growing a national industry, supporting small and medium-size enterprises, supporting the destitute and growing the ranks of the middle class does not pay millions in commissions, kickbacks and other goodies our dear sepoy class crave about.
    Conversely, negotiating deals advantageous to multinational corporations, making financial transactions with the powerful sharks of the international finance, taking in foreign debt provides millions in commissions and other paybacks that are paid abroad to facilitators, never entering the country.
    This has been the drama of countries whose dominant class is in close alliance with foreign interests and whose loyalties lie with powers outside they unreservedly admire and serve, in detriment of their own countries (which they despise).

    Oct 07th, 2016 - 06:45 pm - Link - Report abuse 0
  • Briton

    24,
    you and north Korea have much in common then.
    keep up the good work .

    Oct 07th, 2016 - 07:53 pm - Link - Report abuse 0
  • Marti Llazo

    In other words, Reekie, the Argentines themselves magnificently hosed their own economy. Including the peronista Carlitos Menem.

    And Néstor Kirchner himself was so taken by Menem's privatisation and other reforms that he proclaimed Menem to be the greatest president since Perón.

    This is what happens when you allow Argentines to run this country: at the time, the largest default in the history of the world.

    Oct 07th, 2016 - 08:04 pm - Link - Report abuse 0
  • Max

    i have all IMF reports since the year 2000 .....$$$$$$$$$$$$$

    their analysis seem some ostensible timid. !

    the growth calculations always have been problematic in technically
    in other words the growth numbers can not tell all things what s going in economies which could be illusive.

    Oct 08th, 2016 - 09:35 am - Link - Report abuse 0
  • CapiTrollism_is_back!!

    The markets keep showing their complete trust and optimism in the new mighty and independent “Great” Britain: pound drops 8 cents in 5 minutes (6 percent).

    http://money.cnn.com/2016/10/06/investing/pound-flash-crash-currency-brexit/index.html

    Full confidence...

    Oct 08th, 2016 - 11:53 am - Link - Report abuse 0
  • darragh

    @27 Think

    Didn't have to Google it as I confess to being a Heinlein fan.

    Oct 08th, 2016 - 12:08 pm - Link - Report abuse 0
  • ElaineB

    @34

    1) Why do you think the U.K. is mighty?
    2) The U.K. has not left the EU and won't for another few years.
    3) Did you read what really happened? Try again.

    Instead of venting all your frustration on a country you will never visit, why not get out and meet someone to share a positive life with?

    Oct 08th, 2016 - 12:12 pm - Link - Report abuse 0
  • CapiTrollism_is_back!!

    A bit presumptuous for you to proclaim “I” will never visit a place, with a decade or two of past information for you to scour, and with at least six decades of future prognostication for you to navigate through.

    Oct 08th, 2016 - 12:15 pm - Link - Report abuse 0
  • ElaineB

    @37 So, you want isolationism, no foreigners in Argentina and you despise the U.K. but you want to visit it? Seriously? Or are you suggesting you might mature a bit in your attitudes and realise the world is not black and white?

    Oct 08th, 2016 - 12:28 pm - Link - Report abuse 0
  • CapiTrollism_is_back!!

    My isolationist stance is about the FOREIGN POLICY of a country. What does have to do with people's freedom of movement, which is one of the sacred tenets of the Argentine constitution.

    People can come and go as the please, visiting other places or moving.

    Oct 08th, 2016 - 12:32 pm - Link - Report abuse 0
  • ElaineB

    @39 Good. When you get to the U.K. I am sure you will have a great time. I always do whenever I am in Argentina.

    Oct 08th, 2016 - 12:42 pm - Link - Report abuse +1
  • DemonTree

    @39 Capi
    You just said you want to ban all foreigners from the country and you don't think foreign policy has anything to do with freedom of movement?!

    Also you still haven't told us more about your all-new political theories. Come on, I'm interested.

    Oct 08th, 2016 - 12:59 pm - Link - Report abuse 0
  • CapiTrollism_is_back!!

    Well, banning all new foreigners from entering has nothing to do with Argentines and their free movement.

    Of course if an Argentine marries a foreigner then obviously mechanisms would be in place to accommodate. Of course then one would have to consider stripping that person of their nationality on the grounds of sheer stupidity.

    Oct 08th, 2016 - 01:10 pm - Link - Report abuse 0
  • DemonTree

    @42 Capi
    You think if you ban anyone from entering Argentina then other countries won't retaliate?

    And how do you propose to keep them out? You've got long, impossible to police borders, and aren't there hundreds of thousands of migrant workers in Argentina already?

    By the way, stripping someone of their nationality is illegal under human rights laws unless they already have another one.

    Oct 08th, 2016 - 01:22 pm - Link - Report abuse 0
  • chronic

    Monkey, you're arguing human rights with thinkerbell?

    lol.

    Oct 08th, 2016 - 01:29 pm - Link - Report abuse 0
  • CapiTrollism_is_back!!

    @43

    Argentina should withdraw from the UN, of course. And the Antarctic Treaty. Argentina should be fully independent again. IF the UK has that right why can't we.

    It's not about keeping people out or in, it's about fostering a culture of isolationism. Most argentines are isolationist, in that I agree with Marti Llazo, so just deepening that would suffice.

    Banning may be impractical in the medium term. Additionally, short term tourists would not be affected. The general idea is to lessen the risk of contact with foreigners, who view Argentines as inferior.

    Oct 08th, 2016 - 02:32 pm - Link - Report abuse 0
  • ElaineB

    @45 “The general idea is to lessen the risk of contact with foreigners, who view Argentines as inferior.” This is just your own issue at work.

    What you are hoping for will never happen so why not try to integrate yourself back into society? Instead of sulking and hating the world get out there and you will see it is not as bad as you think.

    Oct 08th, 2016 - 02:59 pm - Link - Report abuse 0
  • DemonTree

    @45 Capi
    Argentina can withdraw from those things if it wants to, but it will have to suffer the consequences, just as the UK will for Brexit.

    What do you think you would gain from leaving the UN anyway? You'd lose your voice in world affairs, and ultimately it's just a club of countries. You'll still be bound by international law just as far as they can force you to obey it.

    As for the Antarctic treaty, you have far more to lose than to gain.

    “The general idea is to lessen the risk of contact with foreigners, who view Argentines as inferior.”

    So basically, you want to hide away in fear from these people?

    And you think every foreigner views Argentines as inferior? What, Uruguayans, Peruvians, Bolivians, Paraguayans? Syrians, Libyans, Ghanaians, Zimbabweans? Really?

    I'm sure there are people who do think that, but they're not a majority even in Europe.

    As for your 'culture of isolationism', you've been spending your time digging up articles saying how bad Brexit will be for Britain but you want to inflict something much worse on Argentina? Why?

    Oct 08th, 2016 - 03:19 pm - Link - Report abuse +1
  • CapiTrollism_is_back!!

    I simply don't like injustice and I feel Europe has not been punished for the 400 of atrocities, and more recent actions which are responsible for 80 to 90% of the world's problems to this day (Middle East, African ethnic issues, India-Pakistan, Korean Peninsula....). So not only have they gotten away scot-free with it, which is appalling enough... they also want to lecture everyone else on morality!

    I simply cannot stand that kind of gall, it revolts my stomach.

    Oct 08th, 2016 - 03:20 pm - Link - Report abuse 0
  • DemonTree

    @48 Capi
    What's that got to do with banning all foreigners from every country? Your neighbours would be by far the most affected.

    And do you want to punish people for the actions of their ancestors? Or more accurately for most people; the actions of their ancestors' governments that most of them didn't ever have a chance to vote for?

    I do think that countries (and not just in Europe) have a duty to help fix any problems they created. But that is not the same thing.

    And I have already said, I don't believe that if your country has done bad things or is less 'successful' it means you don't have the right to criticise others. That applies to me just as much as you.

    Oct 08th, 2016 - 03:56 pm - Link - Report abuse 0
  • Marti Llazo

    It is true that there are a lot of hard-line Peronist isolationists here. I was listening to a recent conversation in which one gap-toothed local propounded on Argentina needing to manufacture everything and import nothing. Could have been a Stalinist from the 1930s. And of course the country would starve and freeze in a matter of weeks if they tried, but it's one of the many persistent matters of somnambulant self-deception and xenophobia.

    You have to look at what they manufacture now on their own: it's junk. Antiquated, noncompetitive, overpriced, often unsafe junk. I recently bought an industria-argentina light fixture: it fell apart before it could even be installed.

    Unless it's the better foreign-branded stuff, and companies like Toyota have to keep a full-time Japanese quality control and engineering staff here, or rather, up in Zárate. Or the suppliers: there are some Argie companies that make the simple stuff like auto glass, and those suppliers are subject to the oversight of foreign (Japanese) quality inspectors and process engineers. And there is real conflict with the unions there over some of the quality control and supply matters but the Japanese engineers there are very careful about concealing their disdain for Argentine workers (zen zen dame desu = “worthless”). The Toyota operation had to shut down for a while because Kirchner's policies were preventing the importation of critical components, but the pro-Kirchner unions insisted on being kept on the payroll even when they were not working. Those critical components could not be manufactured in Argentina for love nor money. Somebody here could make an attempt but the result would look like something from 1930s Russian plants. Years ago, Argentina tried to design and manufacture their own cars. It was something of a technological joke, and an expensive failure. They could try again today, but it would inevitably be another, even more expensive failure.

    Oct 08th, 2016 - 04:04 pm - Link - Report abuse 0
  • Enrique Massot

    32 Marti Llazo
    “...the Argentines themselves magnificently hosed their own economy...This is what happens when you allow Argentines to run this country.”
    When you believe Marti has hit rock-bottom, he still comes up with an even more ignorant statement.
    Who would Marti suggests to take in charge Argentina's governance? The U.K or the U.S.--may be Chile?
    It is true that, every 20 years, Argentina has committed suicide by trusting members of our domestic oligarchy (not real Argentine representatives) to take control of business in alliance with foreign interests:
    Martínez de Hoz in 1976;
    Cavallo in 1996;
    Prat Gay in 2016;
    All attacked workers' wages and ruined the national industry by indiscriminately opening imports, causing massive unemployment and the destruction of the domestic economy, combined with massives increases of foreign debt.
    That is why some, including myself, are saying we have already watched this movie before and know the (sad) end.
    However, there is hope. None of the previously named administrations was able to stay for long at the helm.

    Oct 08th, 2016 - 07:22 pm - Link - Report abuse 0
  • Marti Llazo

    There is some slight hope for reekie, in his having acknowledged that it is indeed the argentines themselves that have ruined their own economy, and with alarming depth and regularity.

    But seriously, if we need to make a suggestion for someone who might better run argentina's economy than the argentines, there is a galaxy of opportunity. Certainly the Canadians or the Finns or the Japanese could make a greater success than the natives here. Hell, even the Somalians could do a better job of it.

    Oct 08th, 2016 - 10:03 pm - Link - Report abuse 0
  • Enrique Massot

    #52 Marti
    “...even the Somalians could do a better job if it.”
    Again, statements that show a lot more about the author than they do about the intended target.

    Oct 09th, 2016 - 05:18 am - Link - Report abuse 0
  • Kanye

    Mr. Massot is a hypocrite.

    He complains that Menem's ideology and economic policies ran Argentina into the ground, but after 12 years of Kirchnerism and K ideology they were even worse off!
    Now, after 10 months of Macri being in power and starting to implement reforms, Mr Massot condemns Macri for having “failed” to reverse the effects of the Kirchners!!

    Hypocrisy of the most transparent order!

    Oct 09th, 2016 - 08:00 am - Link - Report abuse +1
  • Marti Llazo

    Here is another splendid example of why Argentina will continue to fail, in large part because of the damaging institutions and culture which are allowed to effectively control essential components of the economy:

    Today we are looking at the CGT (Confederación General del Trabajo) - the biggest gorilla on the block in the labour unions here, and the knuckledraggers who consider themselves more Peronist than Perón. It started in the 1930s from gangs of anarchists, revolutionaries, and communists. They pull together labour groups like the “porteros” who are supposed to maintain apartment buildings and the like but are essentially do-nothing parasites that would make the regular Mafia blush. Since the the CGT and other labour organisations are aware of the trend in recent years to high inflation in this country, and poor economic output, their solution is to demand free money for everybody here. Their threats are a sort of self-destructive economic blackmail. It's also a message to foreign investors to stay out of this country.

    And if Macri's government and everyone else don't pay up (in the form of a year-end cash “bonus” to - yes- everybody) then they're going to call a strike to bring the country to a halt. And in doing so, cause several million dollars' worth of economic harm and, well, worsen the effects of inflation. The labour strikes called by the CGT are unsurprisingly often accompanied by violence and property destruction.

    Now, year-end bonuses are part of the culture here. And some of the smaller business groups are trying to cut their potential productivity losses and inevitable exposure to other harm, so they are showing willingness to cave in to the union gorillas with an offering of somewhere around US$130. It's unclear what the provincial and national governments will do since they are already running deficits. But we expect more of this counterproductive extracting of blood from stones. The country is burnt toast.

    Oct 09th, 2016 - 03:40 pm - Link - Report abuse 0
  • Enrique Massot

    #55 Marti
    “The country is burnt, toast.”
    For some mysterious reason, the commentator nicknamed “Marti Llazo” cannot refrain from lecturing on Argentina's politics, even after dismissing the whole country as incapable of governing itself and naming foreigners who would do a better job at that.
    I would suggest our industrious collaborator to take a break from the boring task of complaining about Argentina's “nastiness” and just keep singing the praises of developed, “real countries” he admires so much.

    Oct 09th, 2016 - 04:10 pm - Link - Report abuse 0
  • Marti Llazo

    Reekie, try to focus. The subject of the article is Argentina. “Argentina forecasted to grow 2.7% in 2017, but his year is of contraction and costly reforms, says IMF”

    We're trying to help you understand why Argentina continues to fail.

    Did you happen to notice that China just about ended its purchases of one of Argentina's few successful exports?

    In a few months we will explain to you why IMF's projections for Argentine growth in 2017 were also baseless fancy.

    Oct 09th, 2016 - 04:24 pm - Link - Report abuse 0
  • Kanye

    55

    “blood from stones”

    EM sees no problem with that.

    He is a great supporter of “re-distribution of wealth” as long as Evita K's Socialists are the ones deciding where and whom it is “distributed” to.

    Oct 09th, 2016 - 08:08 pm - Link - Report abuse 0
  • CapiTrollism_is_back!!

    I agree with Marti Llazo's comments. The CGT ceased being a real worker's union many decades ago. The primary goal of the CGT today is not help workers, but to help the CGT.

    They need conflict in order to survive and attract members and cash. No conflict, no survival. So they just whip up things whenever required.

    The other major reason Argentina is economically finished is people like Marti Llazo live in it.

    Oct 10th, 2016 - 12:15 am - Link - Report abuse 0
  • Marti Llazo

    Marti Llazo doesn't cause the news; he simply reports it.

    Oct 10th, 2016 - 03:39 am - Link - Report abuse +2
  • Think

    This is Chubut calling...

    Geeeeeeeeeee....
    Speaking about Argie news...
    The Environment Minister, Rabbi Segio Bergman, has just visited us down here in Patagonia...
    In short, he said that his Ministry budget has been drastically cut and the best thing we can do against forest fires in our area is.............. to pray!
    http://www.elcordillerano.com.ar/index.php/actualidad/item/44125-bergman-sobre-incendios-para-el-verano-lo-mas-util-que-podemos-hacer-es-rezar

    What a complete incompetent Turnip...!!!

    (By the way... Where can one buy a Torah in southwestern Chubut?)

    El Think...

    Oct 12th, 2016 - 10:28 am - Link - Report abuse 0
  • Tarquin Fin

    I could get you one. I do have a couple of friends from the cole. In the meantime please try to get by with a rosary.

    Oct 12th, 2016 - 02:35 pm - Link - Report abuse 0
  • Think

    Was Tato Borensztein one of your Moishe friends...

    I luuuved him...

    Oct 12th, 2016 - 02:52 pm - Link - Report abuse -2
  • Tarquin Fin

    Unfortunately not. I do miss his show. Always so accurate.

    Oct 12th, 2016 - 03:35 pm - Link - Report abuse 0
  • Think

    Juppppp...
    But don't despair...
    We got Pedro Rosemblat...
    A.K.A. el Cadete de Navarro...
    He is funny & freaking accurate too

    Oct 12th, 2016 - 04:11 pm - Link - Report abuse -1
  • Tarquin Fin

    Tato was great because he has no political bias. That's why he was accurate.

    Oct 12th, 2016 - 04:52 pm - Link - Report abuse -1
  • Think

    Pero por favor..., Che!
    Rosemblat Yiddish Accuratesse...
    https://m.youtube.com/watch?v=2fWuux4uYeE

    Oct 12th, 2016 - 05:06 pm - Link - Report abuse -1

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