MercoPress. South Atlantic News Agency
FT: In the path to prosperity Argentina tripped with the Kirchners
The Financial Times, a reference for global finances, has published an editorial comment highly critical of Argentina’s presidential Kirchner couple and their latest attempt to keep their cash-strapped administration afloat: getting hold of Central Bank reserves to pay debts and recover long lost international creditworthiness. Read full article
Comments
Disclaimer & comment rulesI look at --Financial Times--every day..I haven't seen any articles..
Jan 12th, 2010 - 06:50 pm - Link - Report abuse 0comments...news about the --debts-- of England !
and also I haven't found correct news related to British Banks
and Mining Firms !..certainly they are --too big-- beyond the needs !.
this makes that French and Germans are --unjustly treated--.
Yes h, but this is a story about K/political interference with your central bank. The Bank of England governor will never get the sack because he disagrees with the prime minister, and actually there have been many articles in the FT about the UK's borrowing.
Jan 12th, 2010 - 09:01 pm - Link - Report abuse 0and the debts associated with the really large debtors are “serviced” not defaulted on as has been the recent history of Argentina. When the going gets tough, the Peronist default...
Jan 12th, 2010 - 09:45 pm - Link - Report abuse 0h. you are very neaty man !!
Jan 12th, 2010 - 10:25 pm - Link - Report abuse 0British Banks' [ total assets ] are -- 7 trillions £ -- !
--3 trillions £-- are on --Foreign Currency- of this assets volume !
what does it means : very simple the British Banks are fed up from
--international speculations--!!
furthermore that they hold Ireland Republic as a --hostage--! and
the collaborations of Dutch connections are wellknown by everybody !!
England's Debts ::
Jan 13th, 2010 - 03:58 am - Link - Report abuse 0Total Debts (all private plus public) : 370 % GDP.
Total Public Sector (real)Debts : 4.7 trillions £.
as participated ; Fiscal Debts : 1 trillion £...Households' Debts: 1.2 trillions £.
h, this story probaly does not exist. Like several that have been refered to in Mercopress. There is nothing wrong in paying down the debt. This is a cornerstone of Peronist ideology and policy. Cristina is just following this path to achive economic independence. A threat to a “few”. Cristina is surrounded by snakes. Cobos on one hand, and Redrado and his oligarch friends on the other. I heard thet Banco Itau wanted to buy some Limey banks. Any more recent news on that?
Jan 13th, 2010 - 11:26 am - Link - Report abuse 0I couldn't agree more with exocet82!
Jan 13th, 2010 - 01:29 pm - Link - Report abuse 0exocet 82
Jan 13th, 2010 - 04:50 pm - Link - Report abuse 0Argentina has no any membership in the huge “ military pacts” like
Nato and some others .! . so it' s “ security syndrome ” very normal..
becouse it must solve own problems lonely !..this finally indirect
effects on the inner balances normaly !
h- one big difference - UK is and can service its debt - thats why it has Triple A finiancial security status - what is Argentinas international status? Sure the Public Debt in UK is huge - but maneagable so long as the Government tales the right tough budget decisions. Arg. problem is the foreign debt it owes and cannot pay.
Jan 14th, 2010 - 12:48 am - Link - Report abuse 0And the big difference - no British Govt would dream nor dare of sacking a Bank of England Chairman so it could get at the vaults - unlike desperate Mrs K. Lers compare say the K,s personal wealth accrued since they came to power - with any West European or British PrimeMinister? I think I know who has aquired the most whilst in office!
islander !
Jan 14th, 2010 - 05:09 am - Link - Report abuse 0I thank you for yor comment but I didn't compare Argentina
with England ! I mean that :
England's GDP : 1.9 trillions Euro( middle scale) and also it has less-
value added - than other dominant rivals.
in other words ; having too many debts and too many banking
is not healthy for England. We should lop off it's excess !
NOTE : you don't believe - credit ranking agencies- as everyone
don't you !?.no one desire any new Bear Stearns,... events..right!?
islander !
Jan 14th, 2010 - 05:23 am - Link - Report abuse 0I thank you for you comment . but I did'nt compare Argentina
with England ! I mean that England has only--1.9 trillions Euro --GDP
but has too many Banking , Mining...Debts.. this is not healthy
for the -middle scale- Economy...We should lop off it's excess.!
NOTE : you don't believe --credit ranking agencies- either as everyone...
no one desire anymore like...Bears Stearn .... events....right !?.
i agree with h.
Jan 14th, 2010 - 03:14 pm - Link - Report abuse 0here is there [one of the reasons] of last global crisis !
greedy and moron British Banks allocated -excessive money- into
the -ordinary UK economy-.by way of -debts-.!
the others have watched these -money arsonists-.!
US is the victim of UK ..
Jan 14th, 2010 - 04:03 pm - Link - Report abuse 0what a tragic-comic event .
I saved this *historical commented web page *into my archive.
I think this article can't be more evident and pathetic, it's funtional to many hawk's corporations and economist, it's seems that only the windfall benefits argentina, it's one more speculative moving from this fascist media that couldn't even prevent the crisis of their own country, anyway i'm sure that this article will be used by many of our shameful oponent politicians, that are even worse tham the k.
Jan 15th, 2010 - 04:12 am - Link - Report abuse 0In many aspects i dont like the k, but i must recognize like me or not, that it's the only one goverment that didnt get more debt, we are so much more independent now tham 10 years ego, beside i must recognize too the great progress that we had in this 6 years, this goverment gave such a great impulse to the cience and technology, and one of the many results of that politic, is going to be the fabrication in argentina of the vaxine against h1 n1 virus, i am sure that you have no idea about this news, because in our hegemonic media, people only are aware about bad news, there is a very dirty campain against the goverment, they want cristina to renounce tomorrow, you should see the titles of clarin and la nacion every day, in fact the good news have a very small space are not neither published, i have to see the public tv to see the action of the goverment, the free press doesnt exist in argentina, and it's evident that in the rest of the world , the situation is not much diferent, we have the 83% of our information in the hands of just four enterprises, do you think we can have independent media with this great concentration?, i dont think so.
I understand that when people talks about politic they dont like to be objetive, but we must do en effort or we will finish being as mediocre as many peole in this forum and like the politcians, anyway i think that the history judges much better tham us.
axel : do you live on this planet !? your complaints are true !
Jan 15th, 2010 - 04:54 am - Link - Report abuse 0who care about The News..everybody use their TV s to watch up
sports...contests..tide and bodies..gossips..etc.
and don't forget that all of these are the Common Perception !!
certainly --the News-- are not Common Perceptions !!
~thats why it (the UK) has Triple A finiancial security status~
Jan 17th, 2010 - 08:18 am - Link - Report abuse 0Tripple A status of the UK is bogus and it's a matter of time it will be downgraded. We know that, they in the UK know and feel that.
- what is Argentinas international status?
Oh this one is easy..Junk status. It's a matter of time they will default either and have to start over with real open market economic policies.
AxelArg is 100% right on! Argentina status is not important. The important fact is that Argentina is making progress in reducing debt, investing money other wise would be paying to finance the debt in ots own citizens, education, health, re-industrializing, and most imprtantly, ROCKETS!
Jan 18th, 2010 - 09:37 am - Link - Report abuse 0Commenting for this story is now closed.
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