MercoPress. South Atlantic News Agency
Lavagna blasts Cristina Kirchner failed government: “stop looking for excuses”
Former Economy minister Lavagna Argentina’ former Economy minister Roberto Lavagna said on Thursday that when governments begin to fail, “they begin to look for all kind of excuses”. The administration of President Cristina Fernandez de Kirchner faced with mounting social unrest and financial problems claims a “destabilization plan” has been set in motion.
“This kind of excuses even happened when Argentina was ruled by non constitutional governments: the latest military regime blamed those who legitimately criticized human rights abuses as responsible for the lack of investments”, explained Lavagna interviewed by broadcasting stations.
Instead of spending time in trying to make up these kinds of excuses, “the government should make an analysis of what is happening and discuss what they are doing wrongly”, added the man who is credited with having implemented the successful plan to restructure and reschedule Argentina’s defaulted sovereign bonds.
However, former president Nestor Kirchner had him removed from the cabinet in 2006.
According to Lavagna the Argentine economy “is a bit better than a few months ago and could keep on this path for the rest of next year, but what must be understood is that there’s an acceleration of inflation, which erodes the social situation of the least favoured and the most vulnerable”.
In Argentina there are more poor people than three years ago and that is because “there’s no investment or creation of new jobs. Greater production is done with the current industrial infrastructure; there are no really significant new investments”.
Lavagna ended saying the Argentine government “simply tugs along without a clear vision of what is going to happen next year or the following, much less the future of the country: they only have their minds fixed in the next elections”.
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Read all commentsMercopress, When are you gonna tell something good about argentina?
Nov 14th, 2009 - 01:01 am 0According to you, everything is good in chile, uruguay and brazil, but when it comes to argentina it is all bad news. Shame on you. Who is the director of the site, the racist islander J.K.?
If only there was something positive about the current Argentine government to report! Regardless of what MercoPress decides to publish, the lack of significant foreign investment inflows, capital flight, the pathetic need of Argentina to IMPORT natural gas, etc., all add up to underscore that that Argentina is a country that continues to fall ever further behind from the rest of its Southern Cone neighbors.
Nov 14th, 2009 - 04:08 am 0IARGENTINA ROGUE COUNTRY !!!
Nov 14th, 2009 - 07:37 pm 0ARGENTINA DECLARES TO OWN MUCH MORE THAN ENOUGH FOREIGN FUNDS TO PAY CASH ALL ITS OUTSTANDING FOREIGN DEBT.
ARGENTINA OWNS HUGE ASSETS WHICH COULD BE USED TO BACK NEW INTERNATIONAL BORROWING.
ARGENTINA COULD EASILY BORROW NEW LOW INTEREST INTERNATIONAL FUNDS IF IT PLEDGED TO PAY ALL ITS OUTSTANDING FOREING DEBT AND CEASED CHEATING WITH INFLATION STATISTICS AND OTHER BALANCE DATA.
IN MANY LAWSUITS GERMAN AND U.S. COURTS RULED THAT ARGENTINA SHALL FULLY PAY ITS OUTSTANDING INTERNATIONAL DEBT.
NEVERTHELESS:
1) ARGENTINA IS NOT ABIDING BY COURT RULINGS.
2) ARGENTINA IS NOT PAYING ITS DEFAULTED BONDS.
3) ARGENTINA IS NOT PAYING ITS DEFAULTED CLUB OF PARIS LOANS.
4) ARGENTINA IS A MEMBER OF THE IMF BUT, AGAINST IMF RULES, ARGENTINA IS NOT ALLOWING THE IMF TO AUDIT ITS NATIONAL BALANCE SHEET.
4) ARGENTINA IS PLANNING ANOTHER FRAUDOLENT SWAP OF ITS DEFAULTED BONDS.
ARGENTINA IS THE ONLY G20 MEMBER IN DEFAULT.
ARGENTINA IS THE ONLY G20 MEMBER WHICH DOESN'T COMPLY WITH INTERNATIONAL FINANCE INSTITUTIONS' RULES AND OBBLIGATIONS.
ARGENTINA OUT OF G20.l tuo commento
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