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Argentina/UK 2011 bilateral trade totalled 1.4bn dollars; could suffer ‘Malvinas’ dispute impact

Tuesday, February 21st 2012 - 21:07 UTC
Full article 54 comments

A private Argentine report warns that the current diplomatic dispute over the Falklands/Malvinas could have an impact on bilateral trade with the UK which last year totalled over 1.4 billion dollars with a 150 million surplus for Buenos Aires. Read full article

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  • GreekYoghurt

    Hmm... I thought they weren't unloading and loading any of these things, thereby causing their economy to shrink by $805 million?

    Feb 21st, 2012 - 09:17 pm - Link - Report abuse 0
  • Viscount Falkland

    Lets get the Sun and Daily mail to run a “Buy Chilean” campaign !

    Feb 21st, 2012 - 10:37 pm - Link - Report abuse 0
  • JORGE1982

    Trade between the two countries is insignificant. They don't even buy us 1 billion when we exported last year more than 84 billion. Numbers show us that UK is irrelevant to our foreign trade. Let's continue growing with India, Rusia, Africa, etc and being carefull with the chinese.

    Feb 22nd, 2012 - 12:41 am - Link - Report abuse 0
  • Teaboy2

    “Numbers show us that UK is irrelevant to our foreign trade. ” - Really, thats funny since we control just under 10% of all trade between EU and Argentine and can, if we wanted to, put a stop to the EU Mercosur trade deal. Not to mention the fact we control the main trade routes into Europe and could soon ban all aregtine products from being shipped using those trade routes.

    Feb 22nd, 2012 - 01:09 am - Link - Report abuse 0
  • kbec

    Problem is the Kirchners have a habit of cutting their noses to spite their faces. Firstly they tore up the oil sharing agreement to “get us to talk” Who's to say that Ms Botox herself won't stop all trade with the UK just to “get us to talk”

    Feb 22nd, 2012 - 01:40 am - Link - Report abuse 0
  • DanyBerger

    @Teaboy2

    Please don’t start to lie again. Argentina doesn’t need UK to reach EU markets what for?
    And EU/Mercosur doesn’t depend on you in fact you are really to be left out of the EU. You are isolated do you remember?

    Any other new fake propaganda about powerless UK?

    Feb 22nd, 2012 - 01:42 am - Link - Report abuse 0
  • johnfarrel2050

    The commerce with uk is very insignificant for Argentina. The exportation performed from Argentina to UK represents only around 1% of the total exportations of Argentina which are higher than 80 billons dolars in the last year.

    Feb 22nd, 2012 - 02:57 am - Link - Report abuse 0
  • Teaboy2

    @DanyBerger

    Am not lying Dany - We control the English channel shipping routes and the shipping routes at the northeastern entrance to the North Sea, plus theirs our naval presents in gibralter and the suez channel that gives us control of the shipping routes to the med too. So that only leaves a very few shipping routes for you by sea and off course routes over land via russia and asia.

    Oh and i think you will find we are not isolated in Europe at all. And since we are a veto welding nation in the EU we can Veto the EU/Mercusor trade agreement if with wish, not to mention the other EU treaties being treaty bound to defend the sovereign interests of other EU nations. So if we were to impose trade sanctions and block argentine trade with europe as a result of your illegal economic blockade (also known as an illegal act of war) other EU nations are treaty boud to side with the UK. If they didn't then the EU would fall apart, though off course they can remain nuetral, though that would not prevent us blocking argentine ships and ships carrying argentine products heading to those neutral countries.

    We did the exact same to Germany by closing of trade routes to the atlantic and to outside of the med in WW1 and 2. IF we can stop Germany leaving the north sea and med, then am pretty sure we can easily stop argentine ships or ships carrying products from argentina from entering the north sea and med. After all, its not as if you have a navy that can do anything about it, hell you can not even prevent us from having 1 destroyer in the falklands, let alone stop us from closing off sea trade routes to europe to argentina trade.

    Feb 22nd, 2012 - 03:17 am - Link - Report abuse 0
  • JORGE1982

    @4 If you make some research, you'll find that is the EU which is desperate for a trade deal, not us. In Fact, is Argentina the country blocking the deal since it's not good for us. We are doing well for now. ¿Why would we want a trade deal with countries which are going down the toilet? UK, Spain, Portugal, Italy, etc have high unemployment and low consumption. Do you know what that means? It means they are not in condition to buy our products.
    The issue is that your industry has a lot that couldn't be sold and therefor they are looking for where can pu it at a lower price. That's dangerous for our industry, so we need to avoid that kind of deal with you till you can recover from the crisis and I think that won't happen any time soon. Sorry!

    Feb 22nd, 2012 - 04:08 am - Link - Report abuse 0
  • DanyBerger

    @Teaboy2

    You really are a child. Are you?

    So are you telling me that EU will allows UK to isolate Argentina trade with Europe because of your stupid claim over these Islands? Germany, Italy, France and Spain will not allow that to start with.

    “in the EU we can Veto the EU/Mercusor trade agreement if with wish, not to mention the other EU treaties being treaty bound to defend the sovereign interests of other EU nations.”

    Do it Argentina will thank you for that. But Germany, France, Spain, etc. will be really piss off and may be they will kick your ass from the EU. You are a pain in the ass for EU partners.

    “If they didn't then the EU would fall apart, though off course they can remain nuetral, though that would not prevent us blocking argentine ships and ships carrying argentine products heading to those neutral countries.”

    Why? Will be easy to kick you out from EU in fact we are thinking to do that if you don’t live first. Do you think Germany, France, Belgium, Italy, etc are happy with you?

    “We did the exact same to Germany by closing of trade routes to the atlantic and to outside of the med in WW1 and 2. IF we can stop Germany leaving the north sea and med, then am pretty sure we can easily stop argentine ships”

    First this will trigger a war with SA and second the impact over Argentina exports will have little impact. You will piss off more EU/USA/BRA interests and companies than Argentineans.

    As I said before UK is powerless and in decline.

    So next what? Are you going to scare Argentina by blockading her from the international financial sector?

    You are a complete ignorant.

    Feb 22nd, 2012 - 05:16 am - Link - Report abuse 0
  • JuanStanic

    Put a tariff on exports to UK.

    Feb 22nd, 2012 - 06:40 am - Link - Report abuse 0
  • Monty69

    10 DanyBerger

    We don't have a 'stupid claim' to the islands. That's you. We have sovereignty over the islands and you have nothing.
    And Spain and Italy etc aren't going to 'kick the UK out of the EU'. You're in a fantasy world. They need all the help they can get to keep their rubbish economies afloat and they know it.

    11 JuanStanic
    Do it. Put a tariff on exports to everywhere else as well. And put a tariff on imports. In fact rid your country of all 'foreign interference'. Fill your boots.

    Feb 22nd, 2012 - 07:55 am - Link - Report abuse 0
  • GreekYoghurt

    @12 The funny thing is, that there isn't a protectionist country that hasn't ultimately ended up with people cooking their own shoes for dinner. And Argfags are strict adherents to one of the most protectionist ideologies since Kim Il-sung thought up 'Juche' and we all know where that got them... eating each other.

    Just watch the same thing happen here.

    Feb 22nd, 2012 - 08:35 am - Link - Report abuse 0
  • Teaboy2

    @10 Dany Berger.

    Your forgetting 2 key points Dany Berger.

    1 - we do not have a stupid claim; We actually have sovereignty of the islands its argentina that has nothing more than a stupid claim.

    2 - Argentine hostile acts of economic blockade and mercosur banning of falklands flagged vessels are illegal and an economic bloackade is also an illegal act of war. As such the EU is treaty bound to side with the UK, they have no choice but to enter trade sanctions against the Argentina if the UK pushing for such sanctions via the EU, and off course we are free to block trade routes to argentine ships and ships carrying argentine goods to the EU, and theirs nothing the other EU countries can do about it.

    Does the EU need trade links with south america, no not really, it would be nice to have such links, but we can get what limited products and resources that south america exports, from asia. Your line of thinking is like IRAN's “OH EU needs our oil, they won't put sanctions in place like the USA did!” and guess what, we did put sanctions in place and most EU nations will be getting their oil from elsewhere by june. The UK's trade with argentina has no impact on our overall annual trade, its less than 0.5% our GDP and we can easily replace argentina with other south american countries trade.

    You said the EU needs south american trade, you clearly therefore think trade sanctions against argentina will result in other south american countries ceasing trade with the EU, how wrong and deluded you are. I think you will find the rest of south America will look at you and say you asked for it, now good bye we have very important trade with the EU and UK to attend too. What is it with you deluded argentinians, you think argentina includes the whole of south america, you thik yourselves kings of south america, when your really the south american jesters in the eyes of other south american countries.

    Feb 22nd, 2012 - 09:54 am - Link - Report abuse 0
  • lsolde

    @14Teaboy2,
    They would like to be the Kings of South America.
    They would love to have an empire.
    Too late mate, the age of empires is over you keep telling us.
    Haven't you heard?

    Feb 22nd, 2012 - 11:51 am - Link - Report abuse 0
  • Teaboy2

    @15 LMAO

    Your 100% spot on isolde, also they seem to think the Soy Oil and Soy Beans are vital to the UK too, shame we can use alternatives like Vegetable oil and sunflower oil, not to mention alternative beans - after all its not Soy beans that go into heinz baked beans (A national insitution in my opinion), is it? lol.

    Feb 22nd, 2012 - 12:05 pm - Link - Report abuse 0
  • DanyBerger

    @Teaboy2

    “Argentine hostile acts of economic blockade and mercosur banning of falklands flagged vessels are illegal and an economic bloackade is also an illegal act of war”

    So send your army for a war what are you waiting for? Sure if you blockade (and not bloackade as you wrote) Argentina’s commercial routes she will declare war to you. They have done that before to Britain and France when wanted to take over Parana river in 1845.

    “they have no choice but to enter trade sanctions against the Argentina”

    I’m European German/Italian to be precise and what you are saying is just a lie we European will not support you on such things against Argentina. Germany, Italy, France and Spain will never do that especially because lots of Argies are descendents from that stock. Argentina and Brazil are for us what for you is US. Will UK cut links to US because Germany, Italy or Spain want to do so?

    So your level of ignorance and stupidity is amazing, you only ally may be Congo. Oh wait a minute they don’t even like you. So you are along or ask Uncle Sam for help.

    UK is to SA equal to 0 sum none cares about Britain, and stop talking about EU because you every day have less friends to count on.

    If you have any doubt call Dorothea Merkel.

    Feb 22nd, 2012 - 12:55 pm - Link - Report abuse 0
  • cLOHO

    17 Burgerman - Back to 1845 now wow!! Argentina have instigated a blockade not UK. So how do we want war when we have not blockaded or intimitated your country. Has the UK mentioned blockade - No Has the UK harrassed your inhabitants -No Has the UK banned Argentinian Trade - No getting tired of typing NO. Its all in your head, pumped up by your state georbellion media. The only country threatening is Argentina to 3000 islanders. Your recent UN dealings have been painted Argentina in a bad light, very similar to North Korea or Iran for state spread lies. youve already lied to the UN about nuke weapons being sent to the falklands, do you think the yanks dont know where our missles subs are!! so they know your telling lies. Wonder what the next propaganda release will be..cant wait because the world is laughing at you.

    Feb 22nd, 2012 - 01:36 pm - Link - Report abuse 0
  • Be serious

    Argentinian soybean is 98% genetically modified.

    Should be banned from EU market.

    IMHO

    Feb 22nd, 2012 - 01:39 pm - Link - Report abuse 0
  • Conqueror

    @3 That's good. Then you won't have noticed how many people in the UK won't buy argie crap.
    @6 So pleased you can do without US$805 million. How are you getting on with the loss of your subsidies on food, power, etc?
    @7 UK exports average £1.1 billion PER MONTH. That's US$1.7 billion PER MONTH. That's US$20.4 billion per year. Argieland IS insignificant.
    @9 Strange how many EU members don't want anything to do with Mercoslurp. Isn't it 14 now? UK is saying nothing. Because the government can see that British people won't buy argie goods. Are you going to maintain your export statistics by putting stuff on ships and then dropping it overside in the middle of the Atlantic? Little tip. We don't want your crap. But feel free to ship it over......and then ship it back! AAAHAHAHAHAHAHAHAHAHAHAHAHA!
    @10 Have you noticed that the majority of British people want the UK out of the EU? Finally, there may be something to thank argieland for! Still not buying your crap!
    @11 Good idea! Can't think of anything better. Taxing argies for exporting goods to Britain. Ensuring that they are even more uneconomic and won't be bought.
    @17 Thank you for threatening war, half-breed. So when Italy and Spain are going down the tubes, we'll be sure not to help. Still a good chance for Gibraltar to own Spain.

    Feb 22nd, 2012 - 01:44 pm - Link - Report abuse 0
  • GreekYoghurt

    “I’m European German/Italian to be precise and what you are saying is just a lie we European will not support you on such things against Argentina. Germany, Italy, France and Spain”

    Hmm, German-italians now speak for the whole of Europe... We have no need for the EU then, because we can just ask the German-italians to make a judgement on every issue. It's not as though Germany hasn't imposed a Eurocrat as their head of state, and the Spanish banks have all been found to have been built on sand. Hmm.. Judged by the best then.

    Result: Do a Switzerland and get out of Europe.

    Feb 22nd, 2012 - 02:00 pm - Link - Report abuse 0
  • ChrisR

    We can all see the usual problem coming to the fore again from the likes of DanyBerger: complete hatred of Britain.

    It's funny how the most respected hospital in B.A. is 'The British Hospital'.

    Delusional and indoctrinated idiots who do not understand export and import for a start. 'Increase the tax on exports' absolutely brilliant!

    Feb 22nd, 2012 - 03:44 pm - Link - Report abuse 0
  • Anti-Fascist

    Argentinian soy is 100% genetically modified from the reports I have read, it should be banned for export by the international community.

    I understand the British will put this before the EU, if the Argentines keep pushing their economic blockade. It will be interesting to see how long Argentine survives without Soy.

    Feb 22nd, 2012 - 03:49 pm - Link - Report abuse 0
  • Be serious

    Danny Berk said
    “I’m European German/Italian to be precise”.
    Really?
    Funny how these Hispanics claim to be everything apart from Spanish/Argentinian. Must be ashamed or something.
    So when did the Germans or Italians land on the Falklands now that the claim through Spain is being side lined?
    Pretty sure the Irish, Icelanders, Swedish, Danes, Turks and Portuguese didn't get there before us either. Of course just like the Botox Queen herself - they are all fake.

    Feb 22nd, 2012 - 04:12 pm - Link - Report abuse 0
  • GreekYoghurt

    @24 from what I've been reading Peron did not hide his love of the Nazis and Mussolinites during WW2 and the Nazis who traveled along the ratlines to Argentina after the loss of WW2 were part of a banking group, that allowed them to group together and put general Peron into power as President. He was also not ashamed about how Hitler and Mussolini's ideologies influenced his ideology over Argentina.

    Not surprising that they claim to be Italian or German then, as they are the folks who still have access to Gold in bank boxes in BA and overseas currency. The Spanish wouldn't have migrated with money, therefore probably remain as an underclass that didn't support Peron.

    WHAATT: (http://m24digital.com/en/2011/06/01/this-unity-between-argentina-and-italy-is-not-just-an-issue-that-begins-today/) “The Italian model of development is a model to look at and emulate,” says F.CK. but the italian economy is pretty much facked. Well done F.cK.

    Feb 22nd, 2012 - 04:39 pm - Link - Report abuse 0
  • DanyBerger

    Comment removed by the editor.

    Feb 22nd, 2012 - 05:48 pm - Link - Report abuse 0
  • GreekYoghurt

    @26 I see we didn't rid you folks of all the adherents to national socialism.

    “We are Europe” >> Germany is Europe is it now? We know you own the French, Irish and Greeks, but you're not Europe yet.

    I'm guessing from your lack of german skills, that you're actually an Argie. No German is that ridiculous enough to support Peronism.

    Feb 22nd, 2012 - 06:12 pm - Link - Report abuse 0
  • Be serious

    27 GreekYoghurt
    I agree Danny Berk displays definite Nazi sentiments and he's a bit too excitable to be a real German. Don't know whether you noticed but his English is shit as well.

    Feb 22nd, 2012 - 06:35 pm - Link - Report abuse 0
  • JuanStanic

    @13
    No. Just the UK. The rest of the world is fine. IMO I would promote even less trade barriers towards the rest of the world. But if we found a country selling us stuff from UK, talk it and if the situations repeats, put a trade barrier there as well

    Feb 22nd, 2012 - 06:38 pm - Link - Report abuse 0
  • DanyBerger

    26 DanyBerger (#) Feb 22nd, 2012 - 05:48 pm
    Comment removed by the editor.

    What happened with the freedom of speech? guaguitas?

    May be the “cleaning toilettes” touched a nerve? hmm I guess so but what can we do its your destiny...

    Feb 22nd, 2012 - 07:34 pm - Link - Report abuse 0
  • GreekYoghurt

    @29 The UK is protectionist? Hahaha. Seriously though, there isn't a single protectionist country in this world where they haven't ended up in a bad situation. If you want to put a blockade on British goods, then that's fine. But I think you'd find yourself quite a few friends down. Because we're not protectionist, we freely trade without barriers helping other countries to become affluent. You on the other hand, try to trade only with yourself, so you end up with little influence. This is the issue Argentina currently has.

    Feb 22nd, 2012 - 07:45 pm - Link - Report abuse 0
  • Xect

    Ah Danny you are at it again.

    I think you forget the UK is the 2nd/3rd largest (dependent on measure) contributor to the EU, so what do you think would happen if the UK left the EU in its perilous state?

    Let me give you a clue, many countries would 'do a Argentina' and default.

    So yes the UK is extremely powerful in the organization and could certainly leverage sanctions against Argentina.

    Feb 22nd, 2012 - 07:56 pm - Link - Report abuse 0
  • DanyBerger

    @Xect

    Oh dio! again with that rubbish Nothing happen the world can goes on without you. You are not so important. EU 18 trillion GDP 2 less none is going to die may be the Greeks well collateral damage I guess.

    YOU should run faster from EU to save money we will be so sorry for your departure. I can see especially the French crying if such event happen.
    And your exports sure will rise to the sky by exporting to SA. Oh! wait a minute I guess they will not buy much from you. China perhaps?

    Come on take a decision mate.

    Feb 22nd, 2012 - 08:41 pm - Link - Report abuse 0
  • JuanStanic

    @31

    Who said you are protectionist?
    And you are also wrong. Look at Paraguay. They were doing quite fine economically. Bad foreign relations, but good economics anyway. Until their dictator decided to invade Argentina to interfere in Uruguay and provoke Brasil.
    But I'm not for economic isolation. Just stop importing from UK. If you want to buy our stuff that's up to you.

    Feb 22nd, 2012 - 09:18 pm - Link - Report abuse 0
  • GreekYoghurt

    @33 you're not european, stop claiming to be. If you were really German, then your English would be better. You're probably ODESSA spawn.

    @31 You're not allowed to import anything anyways, no iphones, no technology. Apparently your soya is all genetically modified and so the EU won't be able to import it. Apparently all your wood is from deforestation, so the EU won't be able to import it. Sorry.

    Feb 22nd, 2012 - 09:23 pm - Link - Report abuse 0
  • JORGE1982

    You all are missing the point. This is about trade between the two countries.

    Argentina is opposed to the current items of negotiation since EU subsides agriculture, our main exports. EU is bankrupt and need urgently to export. EU is not more a manufactures exporter because of cheap exports of China (a big problem for the whole world), so EU need to export its services, especially the City of London. The City of London could have problems with EU itself. Frankfurt is the main threat to London in business. This is a big issue. London thinks they need to open to other markets. Latam is one of them.

    Feb 22nd, 2012 - 09:31 pm - Link - Report abuse 0
  • GreekYoghurt

    @36 That's the biggest sack of nonsense I've ever heard. City of London is a big bond market that the EU wanted to control from Frankfurt. They also wanted to tax financial transactions which wasn't quite what London had planned. Other than that London is a massive financial center, frankfurt isn't really.

    Opening to latin american markets isn't a problem in finance because people in finance rarely care about the politics du jour and places like Argentina aren't even allowed to sell bonds. Not sure what services europeans would be selling to Latin America, unless you get spanish speakers from spain to do the work (British people speak English, not Spanish). The only people interested in Latin America would be oil and commodities companies, except for in Brazil.

    Feb 22nd, 2012 - 09:59 pm - Link - Report abuse 0
  • JuanStanic

    @35
    1) False. I have an smartphone fabricated here. A BlackBerry actually. They are being fabricated. Why to import them? Importing takes away local jobs.
    2) So what? Nobody really cares. It's not like the sales are going down.
    3) You surely should take a trip to Misiones.

    Feb 22nd, 2012 - 11:18 pm - Link - Report abuse 0
  • DanyBerger

    Ha ha Your level of logic (btw flat) is amazing mate. So according with you I’m not German (European) because of my English?
    1- In fact I was thinking that you are not British at all, your English it is worse than the argie poster here. Lot of grammar and spelling mistakes. Words that none use in civilised Britain anymore.

    2-You have no idea about the state of the UK economy, you talk about Britain’s military capabilities that everybody in Europe know that you don’t have.
    Well my friend bad news Britain is going to have another recession.
    http://www.thisismoney.co.uk/money/news/article-1616085/Economy-watch-Is-Britain-heading-recession.html and your army is in a deplorable state.
    3- GreekYoghurt is an example of that, just in the drains but keeping union jack waving (nationalistic? Who say that?.

    Barclays was very interested to sell argies bonds in the international market they also made all the preparations for that since 2006 and also opened a local office in Buenos Aires, until the deal was frozen due to Camerun’s arrogant rhetoric over the islands and also Barclays was accused to finance Desiree Petroleum. Plus the new money laundering and anti-terrorists legislation approved by arg congress. They have to close the office in BA.
    http://www.thisismoney.co.uk/money/news/article-1616085/Economy-watch-Is-Britain-heading-recession.html
    http://www.thisismoney.co.uk/money/news/article-1616085/Economy-watch-Is-Britain-heading-recession.html

    @ JuanStanic
    British have been brainwashed by their politician since long time ago to believe that buying cheap from China and having a good credit rating AAA will solve all their economics problems. “Plata dulce” catastrophic policy that destroyed Argentina in the 80. So they lost all and all Brits dream to became a yupi WS style. But reality knocks their doors now and they prefer to live in denial than to face reality by thinking the are powerful, educated, rich, and all that rubbish that you can soon realise (after a tip to UK) that all this is only in their own mind.

    Feb 23rd, 2012 - 01:53 am - Link - Report abuse 0
  • JuanStanic

    @39
    The only hope they have is their education. The economy is dependant on a financial market which will greatly suffer from ongoing crisis.

    Feb 23rd, 2012 - 02:45 am - Link - Report abuse 0
  • Teaboy2

    @danny berger

    Your making a very stupid miscalculation in your view the the EU doesn't need the UK. Yes the EU has a GDP of 18 trillion, but the EURO ZONE (you know the part germany belongs too) is the part in crisis and is still very much on the verge of collaspe. Such a collaspe would cripple Eurozone countries finanically and lower their credit ratings making it even harder for them to pay back their national debt. The remaining EU coutries although will be impacted, the impact will be short lived, and they will bounce back. Where as the EUROZONE countries will face unprecedented economic and currency collaspe.

    Your clearly a german that hates brits purely because you want your country to control the whole of europe. You failed in december to get your hands on the UK finanical power house, you failed to get the whole of the EU to agree the new fiscal treaty, and its because of this that your so mad at us. Well booo hooo, you couldn't do it in 2 world wars, so what on earth makes you think you would get away with doing it diplomatically. You know merkel is so desperate to solve the EURO ZONE crisis - Well i'll tell you, its because it will bankrupt germany along with other EUROZONE countries if the EURO fails, why is that? Well its because all the investments in EUROs will be worthless, same with bonds purchased in EUROS, but the value of such bonds will still be owed to the purchasers of such bonds. Your country is like argentina, both facing economic and financial meltdown.

    Well us brits will watch from the sidelines and say, “ don't say we, didnt tell you so”.

    Feb 23rd, 2012 - 03:31 am - Link - Report abuse 0
  • DanyBerger

    Anyway when are you going to get out from the EU? date please?

    Feb 23rd, 2012 - 07:10 am - Link - Report abuse 0
  • Teaboy2

    As soon as cammeron agrees to his backbench conservatives call, to have a referendum on whether we stay in or leave the EU. If it was upto me i would leave the EU right now. The savings we as a country would make would boost our economy, not to mention the EU red tape put on UK buisnesses being cut over night, boosting UK buisnesses cash flows and leading to them being able to increase jobs, production and profits, within 3 years of leaving the EU britians GDP would increase by between 10-15% - BAsically britian has been held back by the EU for the past 20 years.

    Oh and i forgot to mention earlier, the EU 18 trillion GDP is also irrelevant per nation, as each nations has its own GDP and if those in the Eurozone lose the euro through currency collaspes, then as the majority of them owe more money than what their national GDP is, they would be bankrupted over night. In otherwords, at 11:59pm your bank will show xxx amount of Euros in it, then at 12:01 it will show 0 euros in it. Changing back to your older currency will not have any effect as all you would be doing is basically using the same paper but changing its name, which does not add any value to the paper at all.

    Feb 23rd, 2012 - 09:12 am - Link - Report abuse 0
  • GreekYoghurt

    @42 The funniest thing about all this is that you're just not German. You might be some ODESSAfag, like your cronies Kircho and Nesto, but there isn't a hope in hell of you being from Deutschland.

    An argentinian accusing the British of mishandling their economy is just hilarious. Our economy for good or bad is open and transparent, whereas yours is neither. You cannot even get the Force Against Transaction Fraud (FATF) to see your accounts because they'd just laugh and say it has no bearing on reality, and you sponsor international terror. You refuse to let the IMF see your accounts because they are completely vacuous and falsified. Lord knows where you got 8.8% growth from when a third of you are living in abject poverty and unemployment is rife.

    I don't blame Barclays for trying to sell your bonds, as finance is a typically amoral activity.

    Your bitterness is just a toxic side affect of mummy and daddy having been sent into exile in patagonia because Uncle Adolf lost the war, and you are aware that no amount of whinging is going to bring back your lost dignity.

    Feb 23rd, 2012 - 09:25 am - Link - Report abuse 0
  • Be serious

    42
    Merkel is desperate for UK to stay in EU because she has the intelligence to understand that once the UK leaves the EU, Germany will have to pay even more for an organisation that they get next to nothing in return.
    So drop the act, Argentinian we all know you are on the greasy side of humanity.

    Now as you are so keen on dates and are always blowing off about Argentina getting sovereignty over the Falkland Islands - Date please!

    Feb 23rd, 2012 - 01:42 pm - Link - Report abuse 0
  • Beavis 2

    Teaboy you fantasist, only in your wildest 1800's red coated colonialist dreams does the UK have control over the Suez canal or what goes in or out of it.
    Lets see who would have issues with the UK saying what could enter or leave...Egypt and Russia (oops) to start, USA and the UN, and likely China and Turkey, Iran etc etc....so basically the whole world.
    Also France has its own sea boundary in the channel, so dream on again.
    Also shipping can go north round by Norway, either stopping there or moving south to Rotterdam or north on to Russia.
    And Gibraltars sea claim doesn't even currently cover the width of the entrance to the med, although Gibraltar/UK could impose its 12km limit, to do so would create a shtstorm with Spain which would make any issue with Argentina pale in comparison (Spain can also block it too), and the rest of Europe and Morocco and other N.African countries would not be too pleased either.
    Time to steam power yourself and your trusty tobacco pipe and bowler hat back from the colonies and into the present pip pip.

    Feb 23rd, 2012 - 04:52 pm - Link - Report abuse 0
  • JORGE1982

    @37 We all see how deteriorated the EU is after London behaviour lately. Many people in EU want oyu out of the club since they think (I agree with them) you are just a tentacle of USA and its interests!
    Germany and France are thinking about Frankfurt as their city business and start replacing London which only defends its interests and not the interests of the whole EU community.
    Believe me, your country is going down the toilet and british society will be known as those that ONCE “ruled the waves” as you like to sing :-). Maybe something similar to Incas.

    cheers

    Feb 23rd, 2012 - 08:16 pm - Link - Report abuse 0
  • Conqueror

    Comment removed by the editor.

    Feb 23rd, 2012 - 08:49 pm - Link - Report abuse 0
  • GreekYoghurt

    @47 Jorge, you seem to know not much about finance or Europe. At least try to hide your ignorance a little. We're a tentacle of the USA? Hahaha Germany and France want Frankfurt? Haha tell that to a French person at La Defence.

    Maybe it's just your terrible rewritten school-books and I shouldn't blame you at all.

    Feb 23rd, 2012 - 10:05 pm - Link - Report abuse 0
  • DanyBerger

    @ GreekYoghurt

    “Your bitterness is just a toxic side affect of mummy and daddy having been sent into exile in patagonia because Uncle Adolf lost the war “

    What bitterness mate? I’m being so kind.

    By the way do you know something about Uncle Adolf? I’ve been for so long without notice from him.

    Feb 23rd, 2012 - 10:35 pm - Link - Report abuse 0
  • GreekYoghurt

    @50 I think the Argfags are still trying to use necromancy to rejuvenate their Uncle Adolf so that he can rule over all of the Argentinian colony of Antarctica.

    You'd better phone them and ask.

    Feb 24th, 2012 - 10:30 am - Link - Report abuse 0
  • windy

    Tea boy ,you lost the vote 26 t0 1 in Europe, and then they voted again with out and the vote was 26 to zero. Where was your veto and what use was it when you were not even allowed to vote.

    Feb 25th, 2012 - 08:54 pm - Link - Report abuse 0
  • DanyBerger

    @ GreekYoghurt

    I’ve already did that but someone on the phone talking in English with a really estrange accent keep telling me...

    “This is Greek Yoghurt from Affen Islands who’s speaking?”

    I’m very confuse now any thought?

    Feb 26th, 2012 - 03:18 am - Link - Report abuse 0
  • lsolde

    A confused cabbage?

    Feb 26th, 2012 - 07:49 am - Link - Report abuse 0

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