Tag: corralito

corralito
Friday, August 3rd 2012 - 08:36 UTC

CFK defends Argentina’s economic model and capacity to honour debts

Banks never made so much money as with my government, said CFK

While addressing the nation from the Buenos Aires stock exchange floor, Argentine President Cristina Fernández strongly defended the policy of drastically cutting debts, which guarantees “greater independence”, and of stimulating the economy because only with resources can debts be paid, “the dead don’t pay debts”.

Tuesday, July 31st 2012 - 04:04 UTC

Cristina Fernandez prepares another ‘independence day’ celebration next Friday

On that day the Argentine president is expected to reaffirm the current economic model

Argentina is ready to cancel next Friday a bond issue which was handed out to residents with bank deposits victims of the so called “corralito” (paddock) in 2002 when the collapse of the Argentine economy and financial system.

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