Peugeot and GM Argentina promise not to remit dividends for two years

Friday, November 18th 2011 - 05:27 UTC

Full article 3 comments

The French auto consortium Peugeot-Citröen agreed with the Argentine government not to remit earnings during two years (2011/2012), approximately 50 million dollars announced Argentine government sources. Read full article

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GeoffWard2
I hope CFK says a BIG THANKYOU to these two megacompanies.
[You may view them as weak enough that they have to do this, or strong enough that they chooses to do this]

In Argentina's exercising of power, this coercion is, in effect, a huge gift to the Argentinian exchequer.

But CFK should not think this is a battle 'won'.
The long game is to keep Argentina afloat.
The real power is still in the hands of the megacorporations.
Nov 18th, 2011 - 07:48 pm - Link - Report abuse 0
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wesley mouch
Any money left in Argentina will be stolen by CFK and the Peronists. Do what CFK did in reverse. Take suitcases of money out of the country.
Nov 18th, 2011 - 08:48 pm - Link - Report abuse 0
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O gara
Of course Wesley The EU and US are booming and Argentina faces imminent collapse.No doubt the Peronists shot JFK AND JR.
Geoffrey is spot on the megacorporations will happily agree with a governments whims as long as money is being made.The moment that changes they are out.Argentinas and everyones else challenge is to keep that environment.
Nov 19th, 2011 - 09:33 am - Link - Report abuse 0
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