MercoPress. South Atlantic News Agency
Argentina “only” accepts IMF “technical revision” of its economy
Economy Minister Amado Boudou said that the Argentine Government “will not accept any conditions” on its economic policies, allegedly rejecting an eventual revision of its accounts by the International Monetary Fund (IMF). Read full article
Comments
Disclaimer & comment rulesNow those from IMF want to impose again its policies. We are doing well without them.
Apr 23rd, 2010 - 07:38 am - Link - Report abuse 0If you want to join a club then you must play by the rules .... Argentina is not only a debtor but a defaulting debtor and if she doesn't learn to play by the rules then she'll be a bankrupt debtor!
Apr 23rd, 2010 - 08:27 am - Link - Report abuse 0Please note that Britain, for all its economic woes, remains a member of the Paris Club ............... and you owe that Club around 8 billion dollars.
He who pays the piper calls the tune.
Apr 23rd, 2010 - 09:06 am - Link - Report abuse 0Argentina wants to pay the Paris club, what we don't want is the IMF trying to impose its policy in our economy, we elected a government to do that.
Apr 23rd, 2010 - 09:35 am - Link - Report abuse 0....and the government you elected agreed to the rules. We all want to pay our debts but that does not neccessarily mean we all can.
Apr 23rd, 2010 - 09:44 am - Link - Report abuse 0When the IMF audits the books it will find that inflation has been under-reported for 5-6 years and that Argentina has technically defaulted on its GDP/Inflation linked bonds and will have to repay the interest at the new rate which is probably more than the reserves can support. Its no wonder they have not allowed the review so far.
Apr 23rd, 2010 - 02:00 pm - Link - Report abuse 0Argentina is like a thief in the night, tries to steal your wallet but then has not the courage to deal with the costs when caught!
Apr 23rd, 2010 - 02:51 pm - Link - Report abuse 0We want to pay, we have shown our willingness. Our nation is not in the possition of Greece, Spain, Portugal and UK.
Apr 23rd, 2010 - 03:52 pm - Link - Report abuse 07. You are thief and a pussy one!
jorge ~~
Apr 23rd, 2010 - 05:27 pm - Link - Report abuse 0no problem for Argentina to smooth back-debt flows !!!!
it is a just ~the rule of the noisy bargains ~~~~~
in USA and Europa ,the situations are very bad . !
I know, It is amusing how these stupids think Argentina is bad when they are worst!!!!
Apr 23rd, 2010 - 10:28 pm - Link - Report abuse 0NicoDin has shown them how is UK compared to Argentina right now but these people seem not to understand!
Our debt is manageable jorgyboy, were still in the top 10 countries in the world in terms of both GPD ($2.674 trillion (2008 est. nom.) and purchasing power parity AND we've never defaulted. This is why Britain has an AAA credit rating and Argentina (GDP- $324.8 billion) is on the floor with a B.
Apr 24th, 2010 - 02:11 am - Link - Report abuse 0I think it's you that don't understand jorgyboy ......
Jorge and Geo, you think 11% unemployment and 30% inflation is doing well?
Apr 24th, 2010 - 04:08 pm - Link - Report abuse 0We don't have 30 % of inflation and unemployment is under 10 %.
Apr 25th, 2010 - 03:18 pm - Link - Report abuse 0I guess we will see after the IMF audits INDEC. I don't think I am too far off.
Apr 25th, 2010 - 10:28 pm - Link - Report abuse 0Estadisticas de argentina por consultoras privadas.
Apr 26th, 2010 - 08:32 pm - Link - Report abuse 0Desempleo: 10%.
Pobreza: 33%.
Estimacion de la inflacion para todos el 2010: 25%.
Como pueden ver, yo tampoco le creo al indec, no como vidrio, pero tambien hay una gran ignorancia por parte de muchas personas, acerca de la situacion de mi pais, para aquellas personas que dicen que el gobierno hizo todo mal, quiero recordarles, que las politicas de sumicion que llevo adelante el gobierno de menem en lo decada de los 90, termino llevando a la argentina a la peor crisis economica de toda nuestra historia en el año 2001, de todos modos menem no fue el unico, de la rua resulto ser un inutil total tambien.
En el año 2002 la pobreza alcanzo un record historico de 53%, y el desempleo trepo otro record al 22%, comparen estos datos catastroficos, con los datos actuales, y saquen sus conclusiones, podran ver, que el gobierno no hizo todo mal.
Muchas vecez las criticas de algunos de ustedes, solo demuestran la falta de objetvidad que tienen, y el resentimiento que algunos de ustedes tienen contra mi pais.
Nadie puede negar, que el gobierno cometio serios errores con el indec, y con otros asuntos, pero solamente las personas necias, pueden negar que mi pais tuvo un gran progreso en muchos aspectos, a pesar de tener una inflacion alta.
Argentina is doing well economically... this even has been somewhat accepted by the opposition to Mrs. Kirchner. We are paying our debts and coming back into the world... and by ourselves. We do not want IMF dictating over our business, because in the end this serves their own interest... and that is the interest of their main stakeholders (US and UK among them)
Apr 27th, 2010 - 10:50 pm - Link - Report abuse 0So what happens when countries refuse to play ball with IMF? That's shitty for US, UK and others... because then they can't beat the shit out of our industry and exports to make a buck.
More countries are doing this, and the reflection is quite clear... we have a better ratio of debt/GDP than the US and UK. It doesn't mean we have better quality of life... yet.
Take a look at
http://www.statistics.gov.uk/cci/nugget.asp?ID=277
You smug british lads are living in a glass house, so better be polite...
Cheers
take a look at :
Apr 28th, 2010 - 06:49 am - Link - Report abuse 027April 2010 ...Financial Times...article [ Shrunken Ambitions]
......(sun setting on UK's global influence) !!
MAP when you write off a significant portion of your debt of course the GDP ratios look better! It is also a short term solution that has and will cost your country in the end. Too bad you don't understand that it is unethical not to pay what you owe. Argentinians are liars and thieves.
Apr 28th, 2010 - 10:59 am - Link - Report abuse 018 fredbdc “MAP when you write off a significant portion of your debt of course the GDP ratios look better! It is also a short term solution that has and will cost your country in the end. Too bad you don't understand that it is unethical not to pay what you owe. Argentinians are liars and thieves.”
Apr 28th, 2010 - 12:18 pm - Link - Report abuse 0Bit unfair to tar all Argentinians with the same brush. Would be much fairer to say the Argentinian government are liars and thieves.
I don't agree. If a population continually elects corrupt and incompetent officials they are responsible for their actions. This default was authorized by their Congress, who were elected by the people, it is the people who are responsible. When the default was announced/authorized the Congress gave a standing ovation. It shows that they are a morally bankrupt country.
Apr 28th, 2010 - 12:40 pm - Link - Report abuse 0Fred, what are you talking about? Standing ovation? The 2001 default first affected our pockets first. All of those Argentines that had dollars in the bank (a lot of people) suddenly found themselves unable to retrieve them or use them at all... and we got pesos after these got devaluated. We were screwed by an incompetent government which by the way... I did not vote! How does that make me a liar and a thief?
Apr 28th, 2010 - 03:19 pm - Link - Report abuse 0Generalization leads to intolerance and ultimately racism... I bet you are smarter than that.
And Fred... we do not write off any debt in the calculation. If you know better please do the math and show it to me.
MAP you are confusing different issues, convertibility, the corralito and the sovereign default.
Apr 28th, 2010 - 03:58 pm - Link - Report abuse 0The default and its restructuring cost bondholders worldwide $73.6 billion, and worldwide taxpayers and equity investors lost $63.4 billion. http://www.latinbusinesschronicle.com/app/article.aspx?id=2718 that's stealing
“President Adolfo Rodriguez Saa declared the immediate default of the country’s public external indebtedness and received a standing ovation by the Argentine Congress.”
The lawmakers gave him a standing ovation, chanting, ''Argentina! Argentina! Argentina!''
Did you miss this? I remember it on the news.
If you don't know the history this is a pretty good timeline:http://www.latinbusinesschronicle.com/app/article.aspx?id=2718
Raaaaacissst...the current dirty word... Give it up facts are not racist try not to deflect the argument?
I will say this again, the overall and most reliable indication of how well a countries economy is doing is the infant mortality rate. This shows how much money is going into vital services, when the economy is bad it goes up when the economy is well it goes down.
Apr 28th, 2010 - 06:03 pm - Link - Report abuse 0UK number 22 4.8, Argentina 71 13.4.
Thats nearly 3 times the UK's, someone is not getting the money where it is needed oh dear!
When our infant mortality rate is similar to yours than I will accept that we are having economic probelems.
Until such time then seeing as the infant mortality rate has stagnated and not decreased since 2001 we can assume that the economy has not been in a good enough position to effect massive change even to most basic health care facilities such as labour Units, this is due to disease from lack of hygene lack of staff, poor staff training from lack of funding or piss poor equipment from lack of funding.
Apr 28th, 2010 - 06:06 pm - Link - Report abuse 0Fred, the issues you name might be different in nature... but they belong in the same crisis. “el corralito” was a desperate measure to prevent default from turning into complete state and private bankruptcy, also it was a rape of every Argentine constitutional right and a show of incompetence of gigantic proportions. Believe me when I say that not only AR bond holders overseas were affected by that.
Apr 28th, 2010 - 06:30 pm - Link - Report abuse 0FYI we didn't vote Rodriguez Saa... and that idiot lasted just seven days as our president. Regrettably that was long enough to make us all look like crap. His ideas do not represent that of the Argentine people (maybe a tiny percentage... there is crazy people everywere) and a show of that is the will of our government to repay and get access to the financial markets again.
RHAURIE, i think you are right with you assertion, but your comparison is pathetic, you can't compare the u.k. with argentina, the u.k. is one of most influent nations in the world, and the british have a hight quality of life.
Apr 28th, 2010 - 10:38 pm - Link - Report abuse 0My country is an important nation too, but it dosen't have not even the half of influence of the u.k., the quality of life that we have is not as hight as in britain.
we have a very big social debt yet, in the comment number 15 you can find the true stadistics from argentina, compare them with context of 2002, and you are going tom see that we improved so much our sitaution, anyway ther is a lot to do yet, no one can deny it.
FRED, ignorant and hipocrite as usuall, you wont never understand that you can mingle every argentine in the same bag, that only shows how fascist you are, and it's evident that you feel so much resentment against my country, only you know why, i dont even care.
Apr 28th, 2010 - 11:00 pm - Link - Report abuse 0Beside before criticising another country, why dont you see what happened inside of your borders, you say that it's our fault the fact that we have corrupter politicians, you say that we are not responsable, let me remind you that your country chose a guy like bush twice, and years before, you chose hes father too, but finally hes sun took your country to the biggest recession of the history after the great depression, what kind of responsable society is that?, what kind of moral authority do you have to criticise my country?.
Anyway i am not fascist like you, i wont never blame the populations because of the mistakes of their politicians, when people votes some a candidat, that's because they trusted him, if the politician was finally a corrupter of just a useless, it's not people's fault, because they were deceived, in fact most our ex presidents are very rejected beween most us, only alfonsin has allways been respected, because he was an HONEST man, he recognized hes mistakes, and he apologized to all of us.
Axl I am pretty critical of my own government, but not the former President, I have a lot of problems with the Current. I am very afraid he is making us into an “Argentina” with his socialist and Marxist ideals.
Apr 29th, 2010 - 01:45 pm - Link - Report abuse 0If you had 1 or two politicians that were bad I wouldn't blame the population but you have a long history of bad governments so yes I blame the people. Your country has gone from 1st world to 4th world in 60 years, 1/3 of your country is living in abject poverty with some of the most fertile land in the world! You should be embarrassed and not proud of your country.
FRED, i confirm once and again how fascist and ignorant you are.
Apr 29th, 2010 - 02:33 pm - Link - Report abuse 0Firstly we have a very young democracy, since 1983 we have democratic governments, before that year, we had terrible dictatorships, and a few democratic governments that were feel by a new militar blow, anyway during the las 60 years, we had some good democtaric governmets that gave so much progress to argentina, like juan peron, arturo frondizi, arturo illia, raul alfonsin, they made mistakes too, but no one can deny that they made so much for my country.
On the other hand, when some one feels proud of hes country, it's not actually because he had great governments, the place were some is born is sacred, no matter if is it a rich country or poor.
Your assertion just confirm that you didn't learn anything of our culture when you lived here, you only have capacity to see the bad side of our country, dont you have bad aspects in your own culture?, the americans are so perfect?, all the rest of the world is so perfect, and argentina is just a mess?, please, i repeat that you are only a hipocrite, and i ask you again, what kind of moral authority do you have to criticise my country, if you don make a critic of your own country before?, i am sure that the u.s.a. has many admirable aspects, but they have terrible aspects too, like all the rest of the world, there are not perfect nations.
Anyway i dont think that you have capacity to understand my comment, what you have is a great resentment against argentina, you have no objetivity, there is nothing you can do with that closed mind that you have.
Axel If you think Peron was a great leader then we will never see eye to eye. He put your country on the road to ruin and it will never recover.
Apr 29th, 2010 - 04:52 pm - Link - Report abuse 0wsws.org/articles/2010/apr2010/meet-a09.shtml
Apr 29th, 2010 - 07:26 pm - Link - Report abuse 0Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!