MercoPress. South Atlantic News Agency
Argentine agro-exports help boost international reserves to over 50 billion USD
Argentina’s international reserves once again exceeded the 50 billion US dollars mark, boosted by an intervention to the Central Bank by the market in a record purchase of 262 million USD. Read full article
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Disclaimer & comment rulesThis articule should be rode too by all those fundemantalist pathetic diviners who like to predict all the time a new default for my country, i say they are diviners, because they dont have not even one line of objetivity, actually a new default for argentina, is the wish of those moron diviners.
Jul 10th, 2010 - 02:58 pm - Link - Report abuse 0Gay axel arg che idiot and clown of economics of protectionism.
Jul 10th, 2010 - 07:51 pm - Link - Report abuse 0First of all, moron fits you better. Why? You're a che idiot who believes everything that comes from lying government. Second, most agro companies who are exporting from your silly nation aren't argies, but foreigners (mainly in Brazilian hands).
Third, it doesn't suprise me that a clown like you believes this propaganda. You try hard to prove that your country is just doing fine, but reality is..we both know that, it's a protectionist nation with a high poverty rate ( 30% or higher), high unemployment rate (second only behind Venezuela) and high inflation ( second behind Venezuela) and has a 60% chance to default again ..(second again behind Venezuela). Back o your protectionist economy, read this..it won't last for long..and when it's broke..I doubt you will have 50 billion dollar (what is still a joke for a rich in minerals).. Oh by the way, don't forget that manipulating the numbers don't work either, soon or later, it will haunt you “again” and the rest of the che idiots..again..(default is still in the air). Stop smoking pot axel idiot and take off the Kirchners sun glasses...LAUGH...
I believe that the real reason for the 286 M USD gain is that these dollars were bought to keep the exchange rate of the Argentina peso to the USD from getting worse. This is a common practice by the K government to help control the exchange rate from its real rate, i.e., something like 5 pesos to the dollar rather than the present 3.9.
Jul 10th, 2010 - 09:31 pm - Link - Report abuse 0The american idiot (NICHOLAS) says, most agro companys from your nation are foreign, what is wrong with that nicky?, we have planty of foreign companys like in everycountry, so find a solid assertion please, on the other hand, you are the only one idiot who holds that i deny the problems of my country, i gave an opinion about that many times, and i said also what i think about the kirchner, i am not going to repeat it, so nicky, keep on believing whatever you want, what fundamentalist moron like you can say about me, does not change my mind in absolut, but this is evident that your desperate wish of a new default for my country will have to wait, sorry to dessapoint you nicky.
Jul 11th, 2010 - 12:50 am - Link - Report abuse 0GAY FAG QUEER AXEL HERRERA REYES.
Axel Gay Che idiot..
Jul 11th, 2010 - 01:14 am - Link - Report abuse 0Nothing is wrong with foreign companies you idiot, they are good, but protectionist idiots like you can't stand them operating in your nation.
It's not my desperate wish for a new default of your socialist state. My wish is that you see the real deal, but since you can't, proves you're a che idiot. Second, a new default is highly possible, it's not only a believe, facts are showing that your country is in the wrong track, while your silly government comes up with the silly nationalistic malvinas nonsense (Falklands-UK..do you read that??) and and and you clowns believe, follow and ignoring the truth....now that is in my opinion funny..stop smoking pot Axel the che idiot..you disappoint yourself...LAUGH.
50B is not really very much when you consider that ARG has constructively defaulted on their inflation linked bonds since 2005. By grossly under reporting inflation they have been paying much less interest than they should have been. The arrears is estimated to be U$10B. Since they will have to have an IMF audit shortly the fraud will be exposed and the court cases will begin. It's not pride keeping them from the IMF audits its fraud.
Jul 11th, 2010 - 12:19 pm - Link - Report abuse 0This is great news for Argentina, too bad there are way too many foreign company's, I think it would be great to see all UK's and every other war monger assets expropiated from them and have their nationals removed from Argentine, it's ovious in this posts that this people don't come to help, but to drag us down and trash talk , it is the only contribution they bring to Latin Networks. as if there was any of us Latins posting on their boring political news reports. they talk soo much trash and BS that most of them don't even waste time to write or read UK posted comments, they are here pesting on latin American report, enought said, #6 doesn't know that the debt is illegal and that Argentine shouldn't pay it untill they make sure this money is accounted for, for more information of IMF read corrupt operations and deals please google “four steps to damnation”
Jul 11th, 2010 - 05:23 pm - Link - Report abuse 0our reply
Jul 11th, 2010 - 11:56 pm - Link - Report abuse 0Here comes the crunch: how and why does this all matter to the European Union? Well, apart from the fact that the Falkland Islands are populated by British – and therefore European – citizens, whose right to self-determination must be resolutely upheld, British sovereignty is important for three reasons:
Any energy reserves or other natural resources found in the South Atlantic could almost certainly be shipped back to the European Union, reducing our collective dependence on unruly or unstable foreign suppliers (e.g. Russia and the Middle East). Given that North Sea reserves, which were around fifty billion barrels, have powered-up much of the European economy for nearly four decades, the possible sixty billion barrels under the Falklands could keep Europeans going for just as long – and this fact becomes even more important should conflicts break out over key minerals in the future.
The Falklands are geostrategically significant due to their particular location. Just five hundred kilometres from the Strait of Magellan and Drake’s Passage, they give their owner total command over the lower part of the South Atlantic And crucially, given that parts of the Antarctic continent could eventually be uncovered or made more habitable with the onset and acceleration of climate change – revealing potentially enormous mineral wealth – British possession of the Falkland Islands makes any future European territorial claim over parts of the southern hemisphere more likely and legitimate. So those who dismiss the Falkland Islands as an anachronism are mistaken. The Islands’ geopolitical significance to our economy – the European Union’s economy – could only just be about to begin. No European Union Member State should do anything to harm the British claim; and Argentina should be told politely but firmly by Europeans to mind its own business
#8 you are in the wrong thread, but thanks you just balidated #7 comments. that is the kind of aproach and mentality that tells the rest of the world the brits are wrong and that Malvinas is just an excuse for colonizing and pirating land, shouldn't you be in a Gulf of Mexico, or BP news thread ? get a life british troll.
Jul 12th, 2010 - 02:23 am - Link - Report abuse 0na that was to explain away why you lose, but in reality the british do what the british do,
Jul 12th, 2010 - 09:09 pm - Link - Report abuse 0remember the golden words
do as we say, and not what we do,
The american idiot (NICHOLAS ) says, a new default is highly possible, let me tell you that you are wrong again nicky, along this year, we used more than 2000 thousand millions dollars of our reserves to pay our debt, and we allready recovered all of them, in fact, now we have a new record on the accumulation of reserves.
Jul 12th, 2010 - 11:04 pm - Link - Report abuse 0On the other hand, what you say about the fact that we can't stand foreign interprises to keep on operating in the country, does not coincid with the reality, the porcentage of foreing investment in argentina is of 20% of our national production like in brasil, beside our economy allready expanded 6% during the first three monthes of this year, that's why i insist nicky that your desperate wish of a new default for my country will have to wait.
Beside you are so mediocre that you invoke my sexualty because y think that maybe i could feel offended when you writte, gay axel, have in mind my dear nicky, that being gay is part of my life since i was 14 years old, the truth could never be offensive, only a fundamentalist fascist moron like you would make fun at the sexuality of some one else, when you have no any solid argument, and when you dont have not even one line of objetivity, the only one thing that a pathetic idiot like you can do, is insulting, so nicky, keep on vomiting all your poison, it only makes laugh for a while.
GAY FAG QUEER AXEL HERRERA REYES.
A simple question. When a “foreign” company invests in a country, where does the major part of the profits go?
Jul 13th, 2010 - 06:42 pm - Link - Report abuse 0wah boy slow down axel arg, remember the American hot dog ?
Jul 13th, 2010 - 11:24 pm - Link - Report abuse 0Nicky s just jealous but cant tell you., in the UK they say you always slag of the one you love
, you could be lucky axel,
Let us consider axel's views. “we used more than 2000 thousand millions dollars of our reserves to pay our debt, and we allready recovered all of them, in fact, now we have a new record on the accumulation of reserves.” The effect of this statement is that Argentina used 2 billion dollars to pay their debt, recovered it, and now has over 50 billion dollars in reserves.
Jul 14th, 2010 - 10:11 am - Link - Report abuse 0Anybody care to comment on Argentina's original debt?
another goverment con, perhaps ?
Jul 14th, 2010 - 09:52 pm - Link - Report abuse 0“Argentina used 2 billion dollars to pay their debt, recovered it, and now has over 50 billion dollars in reserves”
Jul 15th, 2010 - 09:40 am - Link - Report abuse 0They hid it in one of Mrs. Kirchner's bank accounts?
They used the 2B to pay the interest payments on the debt it didn't reduce your balance. Using savings to pay interest is not a very bright financial move for a country or an individual.
Jul 15th, 2010 - 03:02 pm - Link - Report abuse 0the same old thing
Jul 15th, 2010 - 06:43 pm - Link - Report abuse 0the goverment gets richer
and the
people get poorer
Don't forget their 25% pay increase. Of what?
Jul 15th, 2010 - 07:08 pm - Link - Report abuse 0HARRIER.
Jul 16th, 2010 - 04:16 pm - Link - Report abuse 0The porcentage of our debt on our national production, diminished since 2003 from 150 untill 49% in 2009, we used our reserves in many oportunitys to pay debts, beside in the firts interchange of debt, made in 2005 there was an acquitance of seventy thousands millions dollars, that was the highest acquitance of our history, anyway i think that it's absolutly necesary an auditory for our debt, because some parts of it, is illegitimate, because it was got during the dictatorship, there is a judgment of a federal judge about it.
But I gather, from another poster, that Argentina has only paid the interest on its debts. Not a repayment of any actual debt yet.
Jul 16th, 2010 - 05:19 pm - Link - Report abuse 0if you are that rich, then you should give million to help remove all those indiscriminate land mines you laid in the Falklands, .
Jul 16th, 2010 - 05:29 pm - Link - Report abuse 0they are a disgrace from a nation that claims to be civilised
BRITON.
Jul 16th, 2010 - 06:04 pm - Link - Report abuse 0I agree with you, i think we should remove the mines from the malvinas.
HARRIER.
We pay interests, but our debt diminished so much too since 2003, in fact in dicember of 2005 we canceled our debt with imf, and keep on diminishing others debts.
Well, you are supposed to be paying for the mine removal. Have you paid?
Jul 16th, 2010 - 06:24 pm - Link - Report abuse 0So you are still in debt? You don't really have reserves, just money you are not paying to your creditors?
HARRIER.
Jul 16th, 2010 - 06:59 pm - Link - Report abuse 0If my gov. didn't pay for the removal of the mines from malvinas, it must do it, i agree on it, regarding to our reserves, i think it does not worth to debate with you about it, it means that you still didn't understand that our debt diminished, and we keep on paying it, beside everycountry have reserves, and most them have debts.
mines kill hundreds of inocent people every year, not just in the falklands, and it takes very special equipment to remove them, the british goverment has banned and destroyed all its mines years ago, will argentina agree to do the same ??
Jul 16th, 2010 - 07:56 pm - Link - Report abuse 0The british army are better suited for removing the mines.
Jul 17th, 2010 - 01:00 pm - Link - Report abuse 0We do use mines but only anti tank mines for vechicles or entrance through walls into buildings.
BRITON.
Jul 18th, 2010 - 11:45 pm - Link - Report abuse 0Like i said before, if my country didnt remove the mines, it must do it, agree with you, anyay i dont know if my gov. has the will of doing it, however , whatever our gov. thinks, it does not mean that most us dont agree on removing the mines.
You wouldn't be allowed to. For the simple fact they we wouldn't allow argentine troops on the islands.
Jul 19th, 2010 - 12:23 am - Link - Report abuse 0The other fact is that our troops have beter equipment to deal with the mines, however some of the costs of removing the minds wouldn't go a miss.
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