MercoPress. South Atlantic News Agency
Argentina, the outcast
By Luis Felipe Lampreia (*) - The following piece is a picture of recent events in Argentina from a historic reference and enumerates the obstacles the country faces in developing its own hydrocarbons following the seizure of YPF from Spain’s Repsol Read full article
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May 09th, 2012 - 08:19 am - Link - Report abuse 0an Argtards just gonna tard.
The sad part is that the nationalist fervour is drowning out common sense.
May 09th, 2012 - 09:03 am - Link - Report abuse 0One day the Argentines will wake from their dream and realise it's a bit of a nightmare after all.
http://www.buenosairesherald.com/article/100292/wage-talks-state-workers-agree-21-hike
May 09th, 2012 - 09:08 am - Link - Report abuse 0Now we know that INDEC are fiddling the inflation figures.
http://www.buenosairesherald.com/article/100292/wage-talks-state-workers-agree-21-hike
Looks like lots of things has always been theirs. A common trait.
Ths piece is a well written and thought out, by someone looking in with an 'indepenent' eye.
May 09th, 2012 - 09:47 am - Link - Report abuse 0No doubt all the Artards will be on here later claiming how the Brazilians aren't acting as brother and are stabbing them in the back.
@4 The Argtardasaurus says:
May 09th, 2012 - 11:08 am - Link - Report abuse 0South American Unity
noun
1. Having one or more Argtards stab you in the back.
Well put, nobody knows you better than your neighbour.
May 09th, 2012 - 11:26 am - Link - Report abuse 0wonder how long it will be before theres an Argenswine oil disaster ultimately affecting The Falklands marine economy, which will be blamed on The UK for putting The Falkland islands on Argenweeners “continental shelf”
The third from last paragraph says it all: 'The CFK government is not only determnined to continue on its erratic course, not only creating chaos in the economy, but also marginalizing their country in the eyes of the international community.'
May 09th, 2012 - 11:42 am - Link - Report abuse 0BUNCH OF COMEDIANS OUT OF THEIR DEPTH.
long may it continue, just wish someone would tell her to shut the @eck up.
May 09th, 2012 - 12:03 pm - Link - Report abuse 0Another great quote: “Bad governments are always guided by their yearning for an immediate surge in popularity, regardless of the future costs. Argentina’s governments have made this a habit ever since Juan Peron first came to power in 1946.” Fits CFK's reckless style perfectly.
May 09th, 2012 - 12:03 pm - Link - Report abuse 0Meanwhile, Argentina enjoys nearly a decade of intense economic growth, and Lampreia is just the most recent critic making the same old dire predictions. I can just imagine the nasty things people in this forum with have to say about this reality. (And by the way, keep on doing the bidding of those who exploit you. It suits your level).
May 09th, 2012 - 12:31 pm - Link - Report abuse 0@10 if the economy is doing so well, how come your currency has halved in value in the same time?
May 09th, 2012 - 12:38 pm - Link - Report abuse 0I reckon I could make an economy grow by simply refusing to pay international creditors and then printing money like it's going out of fashion.
May 09th, 2012 - 12:44 pm - Link - Report abuse 0An individual would have failed in short order but it takes the world economy much longer to respond to such acts.
If Dorian believes his fantasy then let him cling to it. I can only assume it is comforting to him.
Credit rating B (Domestic)
May 09th, 2012 - 12:47 pm - Link - Report abuse 0B (Foreign)
B (T&C Assessment)
(Standard & Poor's)
B = Bloody Awful
@12 If you manipulate the statistics you can also assist in making your economy seem like it's growing.
May 09th, 2012 - 01:30 pm - Link - Report abuse 0So Brazil and Argentinas supposedly next biggest best-buddy out of LatAm, China don't want anything to do with YPF.
May 09th, 2012 - 01:33 pm - Link - Report abuse 0That on it's own makes me chuckle, then when i read it's written by an ex-Minister of Foreign Affairs of Brazil, it makes me laugh more.
Ah well, gotta remember, Argentina doesn't need the EU right? ;)
This guy says out loud what we non-argentines know, that Argentinian governments are disastrous. What he didn't say was the usefulness of the 'Falklands Scapegoat' in clouding the eyesight of the populus. Kermit and Miss Piggy could do a better job than the present bunch. In Britain the populus and the opposition would have a field day with the prime minister if he behaved like Kirchner. He'd be out on his ear in 15-20 minutes!
May 09th, 2012 - 01:35 pm - Link - Report abuse 0I see someone was posting this article in every thread for a few days; I take it if I start spamming a left-wing, pro-Cristina article in every thread you'll publish it too?! Also the intro from mercopress is unbelievable, instead of just saying its the author's opinion or saying nothing at all, you seem to give it editorial support: “The following piece is a picture of recent events in Argentina from a historic reference and enumerates the obstacles the country faces in developing its own hydrocarbons following the seizure of YPF from Spain’s Repsol” No it doesn't, it gives the perspective of a died in the wool Cardoso protege whose policies have been rejected in his country for the last decade - the most successful decade its ever had
May 09th, 2012 - 02:06 pm - Link - Report abuse 0Go find us this pro Christina article - preferably one you haven't written yourself.
May 09th, 2012 - 02:23 pm - Link - Report abuse 0@18
May 09th, 2012 - 02:26 pm - Link - Report abuse 0You can probably find loads of examples on the net, under 'fan-fiction'
@17 BK
May 09th, 2012 - 02:28 pm - Link - Report abuse 0There are none so blind as those who do not wish to see..
Whatever his policies were, who knows how well he would have done. One things for sure, Argentina will be scraping along rock bottom with the policies of the incumbent Peronists...
Excellent article which sums the situation and the coming results up very succintly.
May 09th, 2012 - 02:58 pm - Link - Report abuse 0BK you pratt: it's DYED in the wool NOT died, though I think Conqueror could arrange it for you if you were wearing wool.
@10 Would you like to compare your 9% growth to your 25% inflation? How about repaying your international debts out of the savings of pensioners? Have you noticed how easy it is for you to go to international markets etc. to get loans? See whether you can figure it out. Have you checked out all the countries following your example? Are there any? The FACT is that you're DEAD. You just haven't admitted it and let yourselves be BURIED yet. Don't be concerned. Stay on your present course and WE WILL BURY YOU!
May 09th, 2012 - 03:06 pm - Link - Report abuse 0@22 I guess I have to repeat myself. First, you are simply adding your critiques to the long line of predictors of doom from the past decade. Your side has proven itself wrong, whereas Kirchnerismo has been successful. Secondly, not being able to borrow internationally has been the best gift to Argentina, since it is the curse of almost every country, and certainly was a curse to Argentina in the past. Ditto for foreign investment. Third, inflation is definitely an issue, but it's better than what your people would prefer, namely dollarization in some form. And if a country can grow economically (increases in exports and imports, always shrinking unemployment, dramatic strides in industrial and production, plus of course the agricultural boom) in spite of inflation (which makes exports more attractive, incidentally), then it seems to be a viable path.
May 09th, 2012 - 03:37 pm - Link - Report abuse 0Argentina is quite alive, and on the rise, because the country is run in the interests of the PEOPLE. It's the US and Britain that are dying and collapsing, since they are run in the interests of BUSINESS.
By the way, you are a somewhat rude Anglo-Saxon. Too bad Britain never absorbed Roman culture.
I'm a fervent proponent of isolationism. Unlike the narrow minds here may want to have others believe, isoliationism does not involve not trading with others.
May 09th, 2012 - 03:57 pm - Link - Report abuse 0In my ideal situation, Argentina would trade, and pay fair prices for others products, just like any transaction. Isolationism would entail not being friends of any nation or people, treat them with deserved suspicion, and never support their causes or alliances, stay out of all wars, and otherwise mind your own business.
@23 Dorian
May 09th, 2012 - 03:57 pm - Link - Report abuse 0This is not true. Most Argentines are more aware and anxious now about inflation and the economy than they were a year ago. The papers (not just el Clarin and La Nacion) are reporting these themes more and more.
@25 Hello Tobers. It is true that there is more concern now than a year ago, but that, in my opinion, has more to do with Europe going into crisis, just as there was a small dip in the Argentine economy when the US fell apart in 2008/09. Overall, there is still growth (seems to be around 3%), it's just not as dramatic as before. 9% growth rates can't continue forever, but 3-5% in this atmosphere is an accomplishment.
May 09th, 2012 - 04:07 pm - Link - Report abuse 023 Dorian (#)
May 09th, 2012 - 04:11 pm - Link - Report abuse 0May 09th, 2012 - 03:37 pm
I beg to differ when you say “...because the country is run in the interests of the PEOPLE. ” I don't see that the people come into it, it seems to me that all the Kirchnerist events are about more power for the ruling clique. For the last 9 years our trains, security, health care, and education have gone steadily down hill and whereas we were able to produce our needs in energy until last year it means that the Kirchner experiment is an utter failure. The “model” doesn't work for the people it works for the Kirchner mafia and no one else.
Yes but growth means nothing if inflation exceeds it and in Argentina-s
May 09th, 2012 - 04:14 pm - Link - Report abuse 0it exceeds it by x 8 - 10 times.
“But that depends on whether nationalization brings about an increase in production”.
May 09th, 2012 - 06:42 pm - Link - Report abuse 0That is the only question now.
Interesting comments about Petrobras and Sinopec.
@23 Dorian
“Too bad Britain never absorbed Roman culture”.
It did, mass graves around every Celtic hill fort that resisted Roman conquest and rule.
Can you imagine that, not wanting to be robbed, murdered and enslaved, in the cause of Roman culture?
However Roman persistence and brutality prevailed and the surviving Celts were romanised, and then abandoned as the Anglo Saxons arrived.
The descendants of those Romano-British are today called The Welsh. I have met plenty that speak Welsh, but none that speak Latin.
If this story was not about Argentina it would be unbelievable. If they do not have the investment or expertise to exploit any resources on shore, at what point do they imagine they would ever be in position to do anything in the seas around the Falklands. Work out how you are going to access the resources that actually belong to you before trying to bully any of your neighbours for theirs. Argentina is like a big fat spoiled kid at a birthday party determined to ensure they are the only one to eat the cake on the table. Their present “diplomatic” efforts are priceless, quite literally we could not afford the amount of publicity they generate for the Islands.
May 09th, 2012 - 06:57 pm - Link - Report abuse 0Commenting for this story is now closed.
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