MercoPress, en Español

Montevideo, May 19th 2024 - 10:39 UTC

 

 

Argentina en route to become the “Greece of Latin America” claim Chilean exporters

Thursday, May 17th 2012 - 10:17 UTC
Full article 56 comments

Argentina could rapidly become the “Greece of Latin America” given the trade restrictions it has imposed born out of the lack of sufficient hard currency to face its international commitments, according to Chile’s Manufacturing and Services Exporters Association, Roberto Fantuzzi. Read full article

Comments

Disclaimer & comment rules
  • WestisBest

    Better kick them out of Unasur right now, a clean break which'll let Argentina sink and the rest of the union flourish.

    Don't let it drag on like the EU has done with Greece.

    May 17th, 2012 - 10:24 am - Link - Report abuse 0
  • Idlehands

    Are there no rules within Unasur to punish breaches of the terms agreed on?

    May 17th, 2012 - 10:26 am - Link - Report abuse 0
  • Teaboy2

    Fantuzzi is right, argentina is on course to become the greece of latin america. The EU is moving in for the kill with sanctions that will probably lead to the end of argentina as we know it.

    May 17th, 2012 - 10:29 am - Link - Report abuse 0
  • PirateLove

    “Argentina en route to become the “Greece of Latin America””

    fingers crossed as much damage as possible please! one can only hope rice aid from USA becomes part and parcel of everyday Argenswine life in the near future, sorry no love loss here.

    and your welcome,

    May 17th, 2012 - 10:54 am - Link - Report abuse 0
  • Musky

    Due to financial constraints Greece has had cut back on the production of Hummus and Taramasalata, apparently it's a double dip recession!

    May 17th, 2012 - 11:31 am - Link - Report abuse 0
  • Idlehands

    Fail !!! - but good effort.

    May 17th, 2012 - 11:32 am - Link - Report abuse 0
  • Tabutos

    Argentina the straw that broke the donkeys back

    May 17th, 2012 - 11:35 am - Link - Report abuse 0
  • ChrisR

    It is all a little predictable from here.

    Just hope Uruguay is not affected as much as it was in 2001. The Mad Bitch cannot even keep the economy afloat in one of the resource richest country on the planet. Abysmal.

    May 17th, 2012 - 12:05 pm - Link - Report abuse 0
  • JuanGabriel

    Can't see the similarities between the two, countries are throwing money at Greece to try and stop them defaulting/leaving the euro. I can't see anyone throwing money at Argentina - although perhaps in a year or so the peso will be more value thrown into the air as confetti at weddings rather than a currency.

    May 17th, 2012 - 12:13 pm - Link - Report abuse 0
  • JohnCFI

    Looks like it might be time to cut our the Cancer.... Two options as i see it

    1, Argentina gets rid of its failing government or
    2, South America gets rid of Argentina

    Small wonder we in the Falklands want nothing to do with Argentina.

    May 17th, 2012 - 12:14 pm - Link - Report abuse 0
  • Teaboy2

    @9 Reason why countries are willing to throw money at greece is the EURO currency, as if they default it effects all countries that use the currency. Plus the fact Greece pays its debt.

    Argentina on the other hand have their own currency so no risk to other countries currency if argentina collaspes in on itself, plus no one will lend to argentina due to the fact they do not pay back their debts.

    May 17th, 2012 - 12:17 pm - Link - Report abuse 0
  • El Gaucho Rivero

    the InselAffe and the chileans, a match made in heaven, really

    According to these island monkeys, we as a country should have exploded years ago, it's 2012 and we're still here.

    Y acá está la banana

    May 17th, 2012 - 12:55 pm - Link - Report abuse 0
  • nigelpwsmith

    Hardly surprising then that CFK is using the Falklands to distract everyone from the economic mess she has created at home. Like an Ostrich, she burys her head in the sand about the inflation figures and attacks anyone that warns about the impending economic catastrophe.

    South America needs to take steps to isolate themselves from the contagion before it damages their economies as well. Thankfully it appears that Brazil is alert in ending automatic import licenses for Argentine perishable produce.

    I sense a revolution in the offing.......or an attack on the Falklands, assisted by Chavez. Could it be that CFK was building up the foreign currency reserves to pay for all the weapons she will be using in the coming months?

    May 17th, 2012 - 01:00 pm - Link - Report abuse 0
  • Condorito

    @12
    That's right it is Chile's fault.
    Chile has no interest in Arg imploding. Argentina receives large amounts of Chilean investment. Our concern for the state of Arg is genuine.

    May 17th, 2012 - 01:08 pm - Link - Report abuse 0
  • DouglasBlammo

    Those Botox treatments can break even the richest countries !

    May 17th, 2012 - 01:18 pm - Link - Report abuse 0
  • owl61

    The CFK has alienated Spain (with the YPF affair), England, ( Malvinas nonsense), WTO and So Am countries with import polices, US with affinity to Chavez, etc. Her organized union support is disintegrating. Subway workers are on strike. Soon Arg coffers will run out of USD reserves it now uses to prop up the peso. Look for the peso to fall dramatically. Inconceivable that CFk will change the constitution to allow her to run for a 3rd term - she won” t finish this one. She will resign before her current term expires.

    May 17th, 2012 - 01:18 pm - Link - Report abuse 0
  • ChrisR

    16 owl61

    I think you may well be correct.

    However, who will highjack the country next? FatBoy or one of the government gangsters like Moreno?

    One thing is for certain, the Argies are incapable of working within a true democracy: they always get a bunch or crooks. I think it must be in the nature of things with Argentina.

    Terrible shame really.

    May 17th, 2012 - 01:45 pm - Link - Report abuse 0
  • Simon68

    12 Cowboy Murderer,

    We are still here thanks to some good soy harvests, not due to any sense in Kretina's economic policies. She and her troupe of performing “monkeys” are dragging us down to a repeat performance of 2001.
    She reminds me of Nero fiddling while Rome burned, but she is pissing around with subsidies while we all go to hell in a handbasket.

    May 17th, 2012 - 01:49 pm - Link - Report abuse 0
  • MistyThink

    @ 14
    Chile -- desaparecidos-- name lists are not open in internet pages ?

    May 17th, 2012 - 02:08 pm - Link - Report abuse 0
  • Idlehands

    Keep it quiet but the wicked witch is currently touring the auspicious highly rated democracy that is Angola.

    If you close your borders sharpish you may get away with not letting her back in.

    May 17th, 2012 - 02:48 pm - Link - Report abuse 0
  • Condorito

    @19 Think
    They were published a long time ago.
    And your point is?

    May 17th, 2012 - 02:57 pm - Link - Report abuse 0
  • British_Kirchnerist

    Of course Argentina really was the Greece of Latin America in 2001, then Nestor took over and revived the economy by moving left, hope Greece itself learns from this and not from the weird perspective of this article

    May 17th, 2012 - 03:20 pm - Link - Report abuse 0
  • Leiard

    The trouble is that Argentina, thanks to CFK and her henchmen, is hiding the true facts of it's economy in the same way that Greece did.
    For a country that is so rich in resources to mess this up in the way CFK and co. are doing is criminal - I feel sorry for the Argentinean people - they deserve better.
    At the moment life is hard for everyone, even China is not finding everything is so easy (labour costs keep increasing - up 22% this year)

    May 17th, 2012 - 03:45 pm - Link - Report abuse 0
  • stick up your junta

    Things fall apart
    http://www.buenosairesherald.com/article/101034/things-fall-apart-

    May 17th, 2012 - 04:05 pm - Link - Report abuse 0
  • wesley mouch

    The Peonist mafia that controls Argentina will steal all it can then devalue and use offshore accounts to buy Argentine assets on the cheap. CFK, Fat boy Maximo and cronies will become even richer.

    May 17th, 2012 - 04:58 pm - Link - Report abuse 0
  • cLOHO

    24 - Nice article

    The Cracks are starting to show RG land.

    May 17th, 2012 - 05:04 pm - Link - Report abuse 0
  • Chicureo

    Something's happened because my travel agent called us yesterday to let us know our package will be discounted to 40% less than the cheapest Argentine package quoted with no pre-payment until 15 days prior to the dates booked. We told her that we would take it. Obviously the payment is made in Chile to a ltda. and from there to a bank in Montevideo. Now let's hope it snows...

    May 17th, 2012 - 05:15 pm - Link - Report abuse 0
  • Drifter

    There is a mistake here: Greece became the Argentina of Europe. Argentina is only repeating its own history

    May 17th, 2012 - 05:36 pm - Link - Report abuse 0
  • Simon68

    27 Chicureo (#)
    May 17th, 2012 - 05:15 pm

    Congratulations, will keep fingers crossed for some good snow!!!

    May 17th, 2012 - 05:42 pm - Link - Report abuse 0
  • RICO

    Surely Greece is becoming the Argentina of Europe.

    May 17th, 2012 - 05:59 pm - Link - Report abuse 0
  • MistyThink

    @ 21
    I could not find them in internet !

    May 17th, 2012 - 06:18 pm - Link - Report abuse 0
  • Leiard

    27 Chicureo (#)

    An interesting guide if your are heading for the Barilcoche region for your skiing
    http://www.elinterpretador.net/15JuanTerranova-NazismoBizarro-BarilocheNaziUnaGuiaTuristica.htm.

    Joking aside have good time

    May 17th, 2012 - 06:21 pm - Link - Report abuse 0
  • ManRod

    I simply don't understand, why we Chileans are so nice to Argentines (in general we are TOO nice to any of our hostile, backward neighbours).
    Argentines will never thank for any help or comprehension they'll receive. They only understand with biblical methods. An eye for an eye.
    We are so naive...

    May 17th, 2012 - 06:24 pm - Link - Report abuse 0
  • ChrisR

    27 Chicureo

    “Break a leg” oh, sorry, that's if you are going on stage to perform. Don't break a leg then! :o)

    May 17th, 2012 - 06:24 pm - Link - Report abuse 0
  • KFC de Pollo

    becoming? Argentina is worse than Greece already and is fast becoming Somalia

    May 17th, 2012 - 06:27 pm - Link - Report abuse 0
  • Leiard

    33 ManRod (#)

    We thank you for your help in '82

    May 17th, 2012 - 06:33 pm - Link - Report abuse 0
  • Pugol-H

    Wot is this Chilean bloke on about, Argentina’s economy is booming, CFK said so and Malv told me it was true!

    JAJAJAJAJAJAJAJAJAKAKAKAKAKAKAKHAHAHAHAAAAA!!!DOOOMD!!!!!
    FINNISHEDDDDDD!!!!!!

    May 17th, 2012 - 06:38 pm - Link - Report abuse 0
  • ManRod

    Leiard... the “help” in 82 you searched for it yourselves... don't victimize yourselves. What did you expect? You threaten us to be invaded as next target, and than you still expect us the stay there with crossed arms??? Don't be silly.

    Helping the the Falklanders to defend themselves was the best thing Pinochet ever did... by FAR.

    May 17th, 2012 - 06:43 pm - Link - Report abuse 0
  • Condorito

    @think
    http://www.alipso.com/monografias/listadedesaparecidosenchile/

    May 17th, 2012 - 06:46 pm - Link - Report abuse 0
  • Leiard

    38 ManRod (#)

    I am from the UK and support the Falkland Islanders and agree with you.

    May 17th, 2012 - 07:01 pm - Link - Report abuse 0
  • MistyThink

    @ 39
    Thanks !
    but not enough......there are no their photos.

    May 17th, 2012 - 07:02 pm - Link - Report abuse 0
  • briton

    Argentina en route to become the “Greece of Latin America”

    a slipery slope for some,
    CFK has been slipping for months,
    down she goes, oooppss, and down goes her bloggers, ooopps

    May 17th, 2012 - 07:10 pm - Link - Report abuse 0
  • Condorito

    @Think
    What for you sick puppy.
    Do you think they are hiding out in Argentina?

    May 17th, 2012 - 08:23 pm - Link - Report abuse 0
  • MistyThink

    & 43
    Everybody talking about Greece....dont they ! ...IIIIIIIIIIIIIIIIIIIIIII

    May 17th, 2012 - 08:35 pm - Link - Report abuse 0
  • briton

    nice place ,nice people .nice country .

    May 17th, 2012 - 09:09 pm - Link - Report abuse 0
  • MistyThink

    Delicious riviera olive oil meals !

    IIIIIIIIIIII

    May 17th, 2012 - 09:24 pm - Link - Report abuse 0
  • Ernie4001

    @36
    Don´t come with that stuff again. If Chile helped UK in 1982 was mostly because one of your nasty and coward generals wanned to make pee in Viña del Mar ( Do you remember? ), SO, DON´T BE FRESH!
    Actually things are different and we really preciate argentinian as individuals but not your goverment and it´s policies

    May 18th, 2012 - 03:34 am - Link - Report abuse 0
  • Leiard

    @47

    It could not have anything to do with the idea that they were next on Argentina's ist

    May 18th, 2012 - 06:56 am - Link - Report abuse 0
  • British_Kirchnerist

    #24 Silly article, but at least its complaints that Cristina is against austerity on principle shows why Argentina will NOT become Greece, as austerity is whats done for Greece

    May 18th, 2012 - 10:20 am - Link - Report abuse 0
  • Brit Bob

    Good article but it won't make any difference to CFK and her politburo.

    @49 The truth hurts.

    May 18th, 2012 - 10:53 am - Link - Report abuse 0
  • ManRod

    @ 40 oops, sorry Leiard. I really thought it was a typical sarcastic, selfish, self-pitying and excentric comment from a neighbour. Have read it so often, that I didn't realize it was meant seriously by somebody else.

    May 18th, 2012 - 12:57 pm - Link - Report abuse 0
  • BenC30

    @49. You are speaking utter rubbish! Greece lied about their financial situation prior to joining the Euro and have badly managed their finances ever since.

    Many have been saying on here for months that Argentina would be next.... and those Malvinistas always said Britain would fall. Haha

    May 18th, 2012 - 01:40 pm - Link - Report abuse 0
  • Ernie4001

    @48 Samething in the chilean case, most of the guys even the older ones were unaware what really was going on, since chilean military junta (unlike the argentinian) was highly secretive (still exist dissapeared and nobody reveals and speaks a word to find them) and never existed meetings at any square or so.

    May 18th, 2012 - 01:44 pm - Link - Report abuse 0
  • reality check

    Say what you like about the Chileans, but I admire them. The way they handled the rescue of their Miners was probably their finest moment in recent history. From the quite dignity of the relatives, to the phenominal courage of their Navy Paramedics, volunteering to go down in the rescue capsule. Like most men of their type, they quietely disappeared into obscurity. I hope their courage was recognised and rewarded. Yes, I know they had a lot of international help in the rescu, but they never, never gave up, outstanding!!!

    May 18th, 2012 - 03:48 pm - Link - Report abuse 0
  • Malvinero1

    We must begin to acknowledge that Argentina could become the Greece of Latin America since its crisis of lack of hard currency is affecting all of its neighbours, manufacturing exports to Argentina are in a free fall”, said Fantuzzi.

    Fantuzzi: AHAHAHHAHHAHAHHAAHHA
    What happens? Chile is Argentina dependent??
    You did not complained when Argentina was loosing the manufacturing base,thanks to the “genius” of the chicago,the CAT institute,WS,The economist....
    Argentina is doing fine...Much better than bankrupt uk....The reality: uk is FINISHED!
    uk manufacturing does not suffers.They got nothing!

    May 18th, 2012 - 08:05 pm - Link - Report abuse 0
  • nyaria2000

    Regardless of the temperamental foreign economic threats, the militarization of the South Atlantic by the UK, and the local and international press predictions of doomsday, Apocalypse, Armageddon, and other end of times for Argentina, Argentineans are uncompromisingly regaining their strengths by using their own talents and abilities to rebuild their Fatherland. But what is ever important to them - they know now who their real friends are.

    Meanwhile, due to their own doing, the UK and most of the EU have entered in a recession. The foreign debt accumulated by the British banks and its associates will be used as wallpaper to decorate their empty mansions ... while the clouds of social unrest are emerging in the horizon. My temperamental Brits: watch very close across de Channel; that's were your long noses should be.
    Your friendly Argie

    May 19th, 2012 - 05:31 pm - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!