Global crisis reaches Argentina’s shores “but we are going to have a good year”

Thursday, January 26th 2012 - 05:11 UTC

Full article 8 comments

Argentina’s Economy Minister Hernán Lorenzino admitted on Thursday that the global economic crisis has had an impact on the country but nevertheless “we are going to have a good year”. Read full article

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O gara
Poor old Yankee if and I know its A BIG IF managed to comprehend this must be crying into his rice crispies.
Jan 26th, 2012 - 07:54 am - Link - Report abuse 0
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ElaineB
I see this is the government line, “It is not our fault but the rest of the world”. Nope. The Argentine government is responsible for the mess that is coming their way.
Jan 26th, 2012 - 09:02 am - Link - Report abuse 0
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lsolde
lts NEVER their fault, Elaine.
They think that they are the original children in wonderland & the rest of the world is stopping them from their “rightful” exhalted position.
Jan 26th, 2012 - 10:03 am - Link - Report abuse 0
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O gara
2Well sweetheart I am here still all all agog with your day dreams.Which of your friends cant get a Yerba Mate in Entre Rios or a Dulce de Leche in Recoleta or an apple in Rio Negro?????????????
I am beginning to think that maybe like Yankee you are really one of those little Chilenas from the Patagonian South who is practicing her English but doesnt really understand what he/she is reading.
What the Minister said in clear English is whether the World is growing as it was 03-08 or stagnating as in recent years Argentina has grown rapidly and will continue to grow rapidly.Nothing about blaming others but telling the World that Argentina is growing on its own merits and WILL CONTINUE TO DO SO despite yourself and Yankee being on bended knee somewhere South Of Punto Arenas
Jan 26th, 2012 - 10:23 am - Link - Report abuse 0
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yankeeboy
Gray market peso is $4.84....AND BCRA spent 30M yesterday supporting it. They think 47B is a lot of reserves, but they have to spend 6B to pay creditors this year or default....again. They can not go below 39B or risk a run on the Peso...what to do...what to do

When ever The Gov't sends out its ministers to scream “All is well, All is well!” it's not and they don't know what to do.

3% growth and 30% inflation...they should be very proud.
Jan 26th, 2012 - 12:35 pm - Link - Report abuse 0
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briton
You cannot blame others for your own incompetents
Ones hypocrisy runs only so far,
[blame it on the bell boy]

But its never our fault .
Jan 26th, 2012 - 06:43 pm - Link - Report abuse 0
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O gara
Who said anything is anyones fault.Argentina is growing no matter what happens in Europe thats what the minister said.Have you no comprehension or are you like the little boy from Puerto Arenas
Jan 26th, 2012 - 06:45 pm - Link - Report abuse 0
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yankeeboy
BCRA spent 30 Million yesterday and 40 million today supporting the peso AND it went up another penny. That ipad keeps getting more expensive every day!
During the hyper inflation days shopkeepers didn't price anything because at the start of the day it was one price and by the end it was x% more. Did a loaf a bread cost a wheelbarrow of $?

Same path different day.

But wait that can't be true if the Gov't it telling them everything is OK, right?
Jan 26th, 2012 - 07:48 pm - Link - Report abuse 0
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