MercoPress. South Atlantic News Agency
US will vote against loans to Argentina in World Bank and IDB
The US State Department said on Wednesday that Argentina must normalize relations with creditors. The statement follows an announcement last week from the Treasury Department warning that the US will vote against granting loans to Argentina in multilateral organizations. Read full article
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Disclaimer & comment ruleswell, finally, something good coming from the “land of the free” “el modelo” de choreo estatizado va a tener un final terrible, peor que 2001. Cheers kirchnerists!!!
Sep 29th, 2011 - 12:24 am - Link - Report abuse 0“honour international obligations and work with international institutions”
Sep 29th, 2011 - 12:26 am - Link - Report abuse 0this coming from the United States, which for the past decade has ignored international law and international institutions to commit torture, assassinations, hamper fair justice to individuals...
since Clinton, these people have lost their way. Instead of tolerance and cooperation to solve world problems they insist on punishing others as a means to solve problems. no wonder why they are as isolated as ever. which country but the UK stand these people?
no more money to spend on people who don't work, troneas, fun is coming to an end and poor will eat cristina's liver, i want to take a photo of that :)
Sep 29th, 2011 - 12:40 am - Link - Report abuse 0@3 this money is destined to infrastructure projects as it says above. infrastructure projects creates jobs.
Sep 29th, 2011 - 12:48 am - Link - Report abuse 0as for spending money on people who do not work - you seem to assume that the majority of people don't work because they don't want to. i tend to think they don't work because in todays world its becoming harder and harder to find a job; so the government assists them in that way. as long as there is money for that purpose, why not? one day the person who enjoys this benefit might be employed and i won't. its called distribution of resources so that people can have a dignified life. its not perfect but its better than leaving them on their own to starve, robbing, killing and what not.
look at the news today about the protests in wall street. or the civil war in the uk a month or so ago... there is nothing wrong with contributing to the welfare of your country if you have the means.
There was a CIVIL WAR in the UK a month ago? I must have missed it whilst going about my peaceful business. My neighbours are still friendly, so we must be on the same side in this 'war'. (Maybe you meant civil unrest which is quite a different matter).
Sep 29th, 2011 - 09:35 am - Link - Report abuse 0The point is that Argentina has always behaved like a belligerent, under-sized teenager in the playground when it come to facing responsibilities. All mouth and no trousers. Adults tolerate it for so long but when the teenager refuses to grow up it is time for consequences.
You can only poke your tongue out at the big boys for so long before their patience runs out. I think we are seeing this now. Argentina does not have the fiancial muscle to back up their threats and refusal to meet with their obligations.
You can draw parallels with the Tevez incident. He gets a bit of money and success and lets it inflate his ego to the point where he thinks he can tell his boss when he plays football; refusing to act responsibly and do what he is paid to do. Man City have put up with his antics for too long and finally they have run out of patience. It is highly likely he will not play football in The Premiership again. A case of biting off the hand that fed him a banquet.
weell done US !!
Sep 29th, 2011 - 10:38 am - Link - Report abuse 0already Argentina doesn't need any external loans .....
BUT
USA has 4 billions US $ loans...4 billions US $ equity investment
from Argentina......
but if US does this step to get more debts from Argentina....
then i have no any idea on it ...!!
@5 Elaine
Sep 29th, 2011 - 01:04 pm - Link - Report abuse 0The extent of the “civil war” in the 150k+ people city where I live was someone setting light to two bins, a skip and a McDonalds.
I'm still trying to work out if it was rioters or the paramilitary division of the Environmental Health people...
@7 LOL!
Sep 29th, 2011 - 01:40 pm - Link - Report abuse 0You know the media likes conflict and loves progressives so they blow it all out of proportion with tight camera angles etc.
Sep 29th, 2011 - 01:56 pm - Link - Report abuse 0There are about 100 people sleeping in a park near Wall Street, not what I would call a big event. As it gets colder and rainier I am sure they will go back to momma's house or some gov't provided shelter to get warm and dry.
For better or for worse, this is the kind of politics that I never like from my country (USA). It is not a matter of “paying” the bill, I think it is a matter of preventing “growth”. It is obvious that our govenment does not like CFK's attitude, however if she decides (hypothetical of course) to buy F-18s or F-16s....I don't think that would be a problem.
Sep 29th, 2011 - 06:25 pm - Link - Report abuse 0Yankeeboy i would say any loans you guys deal with soon will have to be sancioned by Beijing.Now if Wen Jiabao was to say something like that well then CFK would have to start negotiating with the Paris club.In the meantime and i would say that will be quite a while it might be better for Obamas administration to study CFK and how she runs a country which can grow
Sep 29th, 2011 - 08:51 pm - Link - Report abuse 0What a ridiculous statement, it makes no sense at all. China has a very small ownership in WB, IDB and they are not part of the Paris Club so I am not sure what you are talking about.
Sep 29th, 2011 - 10:15 pm - Link - Report abuse 0I know you don't want to hear it but the USA is still militarily and economically the most powerful country in the world and that is not going to change in any of our lifetimes.
Argentina will always be poor and inconsequential and more like Bolivia than UK in 5 years.
actually, FACTUALLY china is the biggest economic power in the world, @ yankeeboy, as of this year, China now has larger dollar amount of global trade than USA
Sep 30th, 2011 - 02:29 am - Link - Report abuse 0militarily though, yes USA is still the most powerful, but China has some weapons that could almost completely disable the US military, and anyway, neither china nor USA want to/nor can afford to go to war with eachother, MILLIONS of ppl would die on both sides
#13 i am not sure where you get yoru “facts” and I think you reading comprehension is probably a little low so here is a chart for you:
Sep 30th, 2011 - 02:17 pm - Link - Report abuse 0http://www.knowliz.com/2010/05/the-us-vs-china-head-to-head-economy-comparison.html
There is not one stat where China exceeds the USA in a positive way. They are basically still a developing country and their population will get old before they ever get rich. Also it doesn't help that they have killed most of the girl babies for the last 40 yrs. Kinda makes it hard to reproduce.
I predict with a slowing economy they are going to have widespread protests that will be hard for the gov't to control. They currently have 1000s a day and it will only get worse as the economy slows. They don't have enough mfg jobs to keep $ in people's pockets. They are also sitting on a huge property bubble that is ready to burst and is much worse than the USA's was.
Be careful of using trend lines because they break really easily.
lol, noob, factually China controls a larger portion of global trade as of this year, than USA
Sep 30th, 2011 - 03:12 pm - Link - Report abuse 0you predict a lot of stuff yankeeboy........and guess what? no one cares about your sophmoric noob predictions, lol every amerifag thinks he's an economist all the sudden as of 2008
Sep 30th, 2011 - 03:15 pm - Link - Report abuse 0Commenting for this story is now closed.
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