MercoPress. South Atlantic News Agency
Argentina blasts US and EU: only way out of crisis is expanding public spending
Argentina's Deputy Economy Minister Roberto Feletti criticized the fiscal austerity measures being implemented in Europe and the US, saying those policies will only hurt the global economy. Read full article
Comments
Disclaimer & comment rulesFeletti needs a fresh air !
Aug 05th, 2011 - 07:24 pm - Link - Report abuse 02010 numbers are :
USA//Gov.Expenditures =39% GDP....Budget Deficit = 10,9% GDP
EU// Gov.Expenditures= 50,3%GDP...Budget Deficit = 6,5 % GDP
He needs to put the crack pipe down and get away from using paco..
Aug 05th, 2011 - 09:08 pm - Link - Report abuse 0ho dear
Aug 05th, 2011 - 09:08 pm - Link - Report abuse 0what goes arround
comes arround ??
TWIMC
Aug 06th, 2011 - 06:43 am - Link - Report abuse 0The next months and years will be interesting indeed…………………......................
As the “First Word Peoples” can sit and stare at the IMF, the Banks, the Hedgefonds and the Rating Agencies upholding their speculative economic principles, shoveling money in their coffers and paying immorally high bonuses to themselves whilst forcing extreme austerity measures on normal people.
High time for the “First World Peoples and their Political Leaders” to curtail the powers of the IMF , the Rating Agencies the Hedgefonds and the Big-Banks.
Fact is that 80% of all currency circulating in the world is not sustained by any physical value…
It’s speculative paper money, sustained only by the trust of the people....
And people are losing trust..............
Argentina’s example could be quite useful.
We were forced to do it some 10 years ago, and it works……
Out went:
Indebtment.
Financial bubbles.
Speculative economics.
In came:
Real jobs.
Real products.
Real economics.
Yes Think, and false inflation numbers!
Aug 06th, 2011 - 06:50 am - Link - Report abuse 0Wooooow
Aug 06th, 2011 - 06:57 am - Link - Report abuse 0“False Inflation Numbers”
That's all you can say in defence of your unproductive, parasitizing and speculative way of thinking Mr. Beef?
No, I can carry on if you wish? Borrowing and not paying back (so that is theft then), deception through blocking of imports.
Aug 06th, 2011 - 08:46 am - Link - Report abuse 0I don't know where you got rid of indebtment? Last time anyone checked Argentina is still in a huge amount of debt, that it is struggling to repay! BTW, about those assets you claimed to be able to withdraw. I note that you still have yet to manage to sell them on. Looks like they would be too risky even for us parasites.
We will look again at Argentine fiscal policy after the election shall we?
Nice to see all the rating agencies keeping their AAA rating of the UK with a stable outlook. Looks like the US and the EU can learn from the UK. Now back to waiting for a RKH operational update.
Long live liberty and free trade!
I just cannot imagine the world taking financial advice from the Argentine government.
Aug 06th, 2011 - 09:21 am - Link - Report abuse 0where is Isolde ??
Aug 06th, 2011 - 09:56 am - Link - Report abuse 0if argentina was that rich or powerfull, she would be on top of the world
Aug 06th, 2011 - 11:14 am - Link - Report abuse 0insted of below it.
The only way to get out of a problem caused by excess spending is to spend more money. I get it. You are a genius. No wonder that Argentina is the richest country in the world with such genius Peronists in power.
Aug 06th, 2011 - 04:19 pm - Link - Report abuse 08 - I cannot imagine anybody taking any advice from the Argentina government. I also admit that I do not understand anything about economics. S&P downgrades the USA because the government is spending too much, and Feletti says that a government must spend more to get out of a financial crisis. ???
Aug 06th, 2011 - 06:37 pm - Link - Report abuse 0'A society may not tax itself into prosperity'
Aug 06th, 2011 - 07:44 pm - Link - Report abuse 0Thomas Hobbes from “Leviathan”
Hobbes lived 400 years ago and saw what the British government was trying do with tax and spend redistribution.....he also predicted the failure of the VAT.
“I just cannot imagine the world taking financial advice from the Argentine government.”
Aug 06th, 2011 - 07:57 pm - Link - Report abuse 0Than you also failed to understand how Iceland solve it's debt problem. Hint, they did the same like what Argentina did.
What did they do? They said no the bankers and IMF, and restructure their debt. Now Iceland is growing and so does Argentina.
Well why would England(growth rate 0,1%)and the US(0,3%)take advice from Argentina(growth rate 8,5%)
Aug 07th, 2011 - 12:26 am - Link - Report abuse 0maybe because you are giving them advice lol.
Aug 07th, 2011 - 08:17 pm - Link - Report abuse 0Argentina only grows while Brazil ramps up production. Or when China needs a blowjob...
Aug 08th, 2011 - 10:40 am - Link - Report abuse 0Accordingly, sitting between the fire and the frying pan, with not much to say,
Aug 08th, 2011 - 07:01 pm - Link - Report abuse 0But it seems the world economists seems to agree with us, and desperate investors looking for somewhere to stash their money, are increasingly looking towards us,
Perhaps we are not as bad as fools’ think we are.
We will weather the storm, a bit battered but will come through ok.
A bit battered seems a useful euphenism tonight for London.But lets be clear here we are witnessing the beginning of serious social collapse in the English capital as it appears the place is completely out of control as violent hooligans have taken over huge parts of the city as a helpless police force is unable to kkep control.
Aug 08th, 2011 - 11:42 pm - Link - Report abuse 0yes and you are sitting next to NERO plying the violin.
Aug 08th, 2011 - 11:48 pm - Link - Report abuse 0pull the other one its got bell on .
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