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IMF will make compulsory review of economy in spite of Argentina’s refusal

Wednesday, April 11th 2012 - 16:59 UTC
Full article 23 comments

The International Monetary Fund will make a compulsory review of Argentina’s economy because of the country’s refusal to allow the multilateral organization to examine its finances since 2006, the Buenos Aires media reported on Wednesday quoting IMF sources. Read full article


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  • Truth_Telling_Troll

    In this case, I'm proud my country is on the side of Somalia and Syria.

    Much better than the alternative, the IMF side. :)

    Apr 11th, 2012 - 05:05 pm - Link - Report abuse 0
  • cLOHO

    Oh dear i wonder why they wont let people know the truth. Maybe they are a trojan horse economy, hiding behind a junk economy waiting to unlease the power of the new RG economy. Or maybe they have rampant inflation a failing economy and the Reichmistress wants to keep it secret.

    Apr 11th, 2012 - 05:06 pm - Link - Report abuse 0
  • Truth_Telling_Troll

    The IMF are not “people”. Simple really.

    Apr 11th, 2012 - 05:07 pm - Link - Report abuse 0
  • Lou Spoo

    It's a bit unfair lumping Argentina together with Somali. After all, one is a failed state with a barely functioning goverment, massive levels of corruption and a tendency to sail out onto the surrounding oceans stealing things that don't beling to them......the other one is Somalia!

    Apr 11th, 2012 - 05:20 pm - Link - Report abuse 0
  • cLOHO

    The IMF dont exist, along with defaulted RG loans to it and US and other grown up countries. Welcome to RG world where the rest of the world is wrong and they are always right and nothing ever RG's fault.

    Apr 11th, 2012 - 05:27 pm - Link - Report abuse 0
  • Xect

    Haha Lou!

    I hope they don't dilute their findings and report in a completely open way, it should make for interesting reading!

    Now where are all of those Argentine cretins like Marcos proclaiming the UK's economy is dead?

    Apr 11th, 2012 - 05:38 pm - Link - Report abuse 0
  • Truth_Telling_Troll


    Argentina or Argentines don't care about their reputation in the world, because we don't approve or recognize the the current system of world order. We are iconoclasts, and certainly nihilistic in some cases.

    Just like you don't respect us, we don't respect you. Your claims of being responsible and trustworthy nations are a joke. Your country and the others are just as treacherous and only look for their own self-advantage.

    What makes you worse than us is that you try to pretend that is not the case. At least Argentina doesn't hide it.

    Apr 11th, 2012 - 06:43 pm - Link - Report abuse 0
  • ChrisR

    7 Truth_Telling_Troll

    No, they just manage to HIDE THE BOOKS!

    Ha, ha, ha, (cubed)!! (that's 27 ha, ha,s for the likes of Malv and Pratt-Junta, etc).

    Apr 11th, 2012 - 07:08 pm - Link - Report abuse 0
  • WestisBest


    Wow, so it's not just that as a nation you're ignorant, corrupt and incompetent but you're actually proud of it too.

    Argentina-the country that invented ego.

    Apr 11th, 2012 - 07:14 pm - Link - Report abuse 0
  • Pugol-H

    CFK & Co could always argue, both honestly and justifiably, that they are such a bunch of F*ckwits, they actually have a clue what the real figures are.

    Apr 11th, 2012 - 07:21 pm - Link - Report abuse 0
  • Truth_Telling_Troll


    Honest, objective assessment. But eventually the books can't be hidden forever!


    “as a nation”, good usage.

    Individual accomplishement matters much more than your primitive and outdated tribal allegiances. I am proud because I as a person have accomplished a lot because of hard work and elucubration.

    Apr 11th, 2012 - 07:22 pm - Link - Report abuse 0
  • ElaineB

    The average intelligent Argentine really does care what the rest of the world thinks. They want to be part of a wider world, to be able to travel and work in other countries. When you meet Argentines that have studied abroad or worked there, they have a different view.

    Apr 11th, 2012 - 07:32 pm - Link - Report abuse 0
  • Truth_Telling_Troll


    That's because they are not told in their face what the rest of the world think of them. If they were told how they really thought of them, like here, I don't think they would be too friendly to you shock shock.

    Apr 11th, 2012 - 07:52 pm - Link - Report abuse 0
  • Xect

    Actually TTT, the rest of the world as far as I'm aware feels pretty neutral about Argentinian's even if they hate the ridiculous actions of their government.

    I personally feel sorry for the average Argentinian and truly hold no animosity towards them, well as long as they don't start spewing nonsense about the Falkland's.

    When I served in the UK military we regularly had Argentinian servicemen (usually officers) come and train with us and I've never seen nothing but welcoming behavior towards them, heck one is still my pen pal.

    But that's just my experience, I'm not talking about a worldwide perspective.

    And as it happens I actually quite like you Tobias.

    Apr 11th, 2012 - 09:17 pm - Link - Report abuse 0
  • rebeldenacion

    Comment removed by the editor.

    Apr 12th, 2012 - 04:06 am - Link - Report abuse 0
  • yankeeboy

    I find the Argentinian re-imagining of historical facts very amusing. I wonder why the IMF didn't work in ARG when it has worked so well in Brazil, Peru, Colombia & Chile and these are just successes in South America. I wonder if it is because the rest of them listen to abided by their agreements and RGs didn' you think that could be the reason? Or was the IMF out to get Arg for some reason as they claim?

    Apr 12th, 2012 - 10:40 am - Link - Report abuse 0
  • toooldtodieyoung

    4 Lou Spoo

    Does the name “Enron” mean anything to anyone???

    Apr 12th, 2012 - 12:06 pm - Link - Report abuse 0
  • ElaineB

    @13 The rest of the world against Argentina? That victim stance again? I think that is exactly what your government wants people to think; it was one of the key elements of Peronism. It is not true.

    Apr 12th, 2012 - 12:50 pm - Link - Report abuse 0
  • Pirat-Hunter

    “Step One is Privatization - which Stiglitz said could more accurately be called, 'Briberization.' Rather than object to the sell-offs of state industries, he said national leaders - using the World Bank's demands to silence local critics - happily flogged their electricity and water companies. ”You could see their eyes widen“ at the prospect of 10% commissions paid to Swiss bank accounts for simply shaving a few billion off the sale price of national assets.
    And the US government knew it, charges Stiglitz, at least in the case of the biggest 'briberization' of all, the 1995 Russian sell-off. ”The US Treasury view was this was great as we wanted Yeltsin re-elected. We don't care if it's a corrupt election. We want the money to go to Yeltzin“ via kick-backs for his campaign.
    Stiglitz is no conspiracy nutter ranting about Black Helicopters. The man was inside the game, a member of Bill Clinton's cabinet as Chairman of the President's council of economic advisors.
    Most ill-making for Stiglitz is that the US-backed oligarchs stripped Russia's industrial assets, with the effect that the corruption scheme cut national output nearly in half causing depression and starvation.
    After briberization, Step Two of the IMF/World Bank one-size-fits-all rescue-your-economy plan is 'Capital Market Liberalization.' In theory, capital market deregulation allows investment capital to flow in and out. Unfortunately, as in Indonesia and Brazil, the money simply flowed out and out. Stiglitz calls this the ”Hot Money“ cycle. Cash comes in for speculation in real estate and currency, then flees at the first whiff of trouble.”

    Apr 12th, 2012 - 08:02 pm - Link - Report abuse 0
  • Xect

    You know to not take anyone too seriously if they have to resort to making up words like 'Briberization'.....

    Another joke article.

    Apr 12th, 2012 - 09:44 pm - Link - Report abuse 0
  • fermin

    Why should Argentina be kind to an institution that has contributed to so many crises in Argentina and around the world? taking workers to unemployment and extending poverty?

    What about making a compulsory review of the economy tips and advices that the IMF has given to nations like Argentina, Iceland, Greece, Spain, Mexico, Brazil, etc... ??

    I think the review would look too awful for the IMF, would be too bad for its reputation.

    After all... Latinamerica had been growing these last years thanks to local solutions, for independent economic policies, not thanks to IMF advices.

    Apr 13th, 2012 - 04:48 am - Link - Report abuse 0
  • Ken Ridge

    “After all... Latinamerica had been growing these last years thanks to local solutions, for independent economic policies, not thanks to IMF advices.”

    So if your doing so well what do you have to hide?

    Maybe you could start to pay off some of your debt?

    Apr 13th, 2012 - 10:22 am - Link - Report abuse 0
  • Pirat-Hunter

    #22 Didn't you hear the news???
    Can you explain to us why should we let the thives write a report on their victims??
    You might not have your own opinion but some of us can think by ourselves. And if you wish IMF to do a review of your country's economy we can't stop you but to speak for other nations makes your comment totally irrelevant from our point of view.

    “The World Bank's former Chief Economist's accusations are eye-popping - including how the IMF and US Treasury fixed the Russian elections

    ”It has condemned people to death,“ the former apparatchik told me. This was like a scene out of Le Carre. The brilliant old agent comes in from the cold, crosses to our side, and in hours of debriefing, empties his memory of horrors committed in the name of a political ideology he now realizes has gone rotten.

    And here before me was a far bigger catch than some used Cold War spy. Joseph Stiglitz was Chief Economist of the World Bank. To a great extent, the new world economic order was his theory come to life.” what debt??

    Apr 13th, 2012 - 04:02 pm - Link - Report abuse 0

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