MercoPress. South Atlantic News Agency
Argentina official May inflation 0.8% and 9.9% in the last 12 months
Argentina's official inflation was 0.8% in May, the same as in April despite slowing economic growth, the government said on Wednesday. Inflation in the last twelve months stands at 9.9% and 4.3% in the first five months of the year. Read full article
Comments
Disclaimer & comment rulesAnother fairy-story.24% Nobodies fooled.
Jun 14th, 2012 - 06:05 am - Link - Report abuse 0haha cant go on much longer, as all debtors know one day soon all the lies and smoke and mirrors stop working and your broke!!! cant wait for that day when the corrupt, selfish, humiliated country that is Argentina goes down the plug hole.
Jun 14th, 2012 - 06:57 am - Link - Report abuse 0At what point do they need to pay out under the inflation linked bonds? Is the threshold 10% or something like that.
Jun 14th, 2012 - 08:45 am - Link - Report abuse 0#2 “as all debtors know” The biggest debtor in the world is the USA, does that include them?
Jun 14th, 2012 - 09:33 am - Link - Report abuse 0@ 4
Jun 14th, 2012 - 09:44 am - Link - Report abuse 0Yes BK, well done. Although you'll understand that the US is able to meet its debt obligations (which is the difference). The size of debt is relevant to the countries ability to pay, Japan has a huge national debt but no-one would dream of accelerating it as they can pay. What do you think about the disparity between the two sets of figures?
some people also believe in fairies at the bottom of the garden
Jun 14th, 2012 - 09:51 am - Link - Report abuse 0BK
Jun 14th, 2012 - 09:57 am - Link - Report abuse 0Are you a resident of Gartnavel by any chance? Your obsession with CFK does smack of some mental condition which may be relieved by electro shock treatment or you could go to BA and set up a shrine to worship her there.
Good luck in either case.
@5 correct, having a lot of debt is just a measure of the size of your economy often, and typically a measure of economic success. Rich people have mortgages on their houses that reflect their ability to pay for that house. Poor people and those who are economic delinquents cannot borrow any money and therefore typically have low levels of debt.
Jun 14th, 2012 - 09:57 am - Link - Report abuse 0People like BK seem to have little education and therefore are cognitively incapable of understanding basic economics and banking. That's why he votes for populist nonsense speakers like George Galloway.
It also tells you BK is poor.
What a lovely piece of fiction!
Jun 14th, 2012 - 11:27 am - Link - Report abuse 0Czar Putin is everywhere - even in casa rosada, ck-house. he gives tips to press the press, not to speak the truth about inflation.
Jun 14th, 2012 - 11:40 am - Link - Report abuse 0@4 the difference is the USA pays its debts where as Argentina is responsible for the largest ever soverign default in history. In fact soverign debt is vital to a country and the size of ones soverign debt is considered as part of application to the UN as the fact that you are able to raise money on the open credit market against the word of the country is one of the amrkers for deffining wether a terrotory can be classed as a state in legal terns. The USA also has a larger GDP than Argentina so is in a much betetr position to pay. The size of debt itself is irelevent it is the size of debt relative to the wealth you have that matters.
Jun 14th, 2012 - 11:44 am - Link - Report abuse 01st Step to help CFK isolate itself..the screws are turning....
Jun 14th, 2012 - 12:25 pm - Link - Report abuse 0H.Res.686 stipulates that the Republic of Argentina must ”fulfill the responsibilities inherent with membership in the Group of Twenty Finance Ministers and Central Bank Governors (G20), in accordance with the principles articulated by this premier forum for international economic cooperation.“ In the event that Argentina fails to comply, the Resolution establishes that President Obama and the Treasury Secretary would work with G20 members to ”terminate the participation of Argentina in the G20.”
This resolution is the counterpart to Senate Resolution, S.Res.457, introduced by U.S. Sen. Richard Lugar (R-IN) on May 14, which also supports Argentina's suspension from the G20, unless it meets its obligations to the U.S. and other countries.
Calls to sanction Argentina have been echoed globally, from Spain and Germany to the United Kingdom. Last week, a UK petition urging British taxpayers to stop supporting multilateral development bank loans to Argentina went viral. In the United States, a House Financial Services subcommittee held a hearing that showcased Argentina as a nation that does not respect U.S. or international law.
Read more here: http://www.sacbee.com/2012/06/13/4560246/congressional-resolution-calls.html#storylink=cpy
hahahahahha 0.8% hahahahahha
Jun 14th, 2012 - 12:43 pm - Link - Report abuse 0It has just been reported that INDEC actually operates from Port Stanley, which explains the slight discrepancy between the information published and the reality experienced by the Argentine population.
Jun 14th, 2012 - 01:54 pm - Link - Report abuse 0Here's a question for Argentines. How much does a Burger King Whopper cost today compared to last year? We know that asking about Big Macs would be futile.
Jun 14th, 2012 - 02:29 pm - Link - Report abuse 0How many more lies does the population of Argentina put up with?
Jun 14th, 2012 - 04:15 pm - Link - Report abuse 0Argentina has already made it clear: sanctions from the UK/Europe/USA/Japan/other Latin countries will be interpreted as an act of war.
Jun 14th, 2012 - 06:10 pm - Link - Report abuse 0@17 TTT - DFS 10!
Jun 14th, 2012 - 07:34 pm - Link - Report abuse 0Congratulations I believe you are joint leader on the scale with Malvi.
Toby, You think CFK will declare war on the USA while she is in NYC begging USA businessmen to invest or will she wait until she is back in BA?
Jun 14th, 2012 - 08:17 pm - Link - Report abuse 0hahaha idiot
Haha Tobias, an act of war? That's hilarious.....And when these sanctions inevitably take place what is Argentina going to do when it declares war on the EU/USA?
Jun 14th, 2012 - 08:35 pm - Link - Report abuse 0I do wonder why INDEC bothers to publish figures every has accepted are pure fiction? Surely it would do better to stay quiet rather than embarrass itself and the Argentine government.
Sanctions are an act of war. Whether we win or not is irrelevant.
Jun 14th, 2012 - 09:54 pm - Link - Report abuse 0Futhermore, it is more a matter of “we won't ever forgive, or forget”.
One day, we may have a way to retaliate, you never know. And if there is one thing about us argies, is that we don't forget. We can hold grudges for eternity.
@ 17 Truth_Telling_Troll
Jun 15th, 2012 - 06:38 am - Link - Report abuse 0“Argentina has already made it clear: sanctions from the UK/Europe/USA/Japan/other Latin countries will be interpreted as an act of war.”
Is it time to be scared?
Are the C-47s ready to throw us into the Atlantic?
One day, we may have a way to retaliate...
Jun 15th, 2012 - 01:08 pm - Link - Report abuse 0Toby, you are a sad pathetic loser.
Maybe if you ever leave that backward province and actually see some of the world you will grow up.
Even so, growth has come at a price and the high public expenditure is now a major problem, says Regunaga. “Historically, the public sector represented an average of 30% of GDP. The Kirchners have increased it to a level of 45% of GDP,” leading to a financial shortage in the public sector, he says. In 2011, for instance, 70% of public sector spending has been financed by printing more pesos and reaching into central bank reserves.
Jun 15th, 2012 - 02:56 pm - Link - Report abuse 0One day you will pay, yankeeboy and St. John. And you or your children will be dead.
Jun 15th, 2012 - 03:36 pm - Link - Report abuse 0I will celebrate that day.
That is quite punchy. So, either you are intending to live for a very long time (if yankeeboy does not have children yet then we're looking at probably adding another 100 years to your life). Or, you are intending to have yankeeboy killed now and then (if he has any progeny), hunt them down and kill them too all so that you can gloat. You're quite strange.
Jun 15th, 2012 - 04:20 pm - Link - Report abuse 0Having said all that, I can't agree you that you never forget. In fact, on average you guys forget every 10 years as, each 10 years, you get sold a pack of lies by whichever government is in charge, you lap them up (having forgotten that something similar happened 10 years ago) and then the country seems to go down the toilet. I suppose that it is a little like having an anniversary except that, rather than just commemorating, you decide to re-enact the downfall each time. As for saying that you don’t forgive, please see the para above re. forgetting (and apply it to your politicians (some of whom have taken part in a couple of anniversaries)) and I think you’ll understand.
Lets see Welsh...
Jun 15th, 2012 - 04:23 pm - Link - Report abuse 0The Europeans and Americans here are celebrating that 'sanctions' may be imposed on us (still very questionable). Sanctions are an act of war, unequivocally so. They are intended to make me and my family suffer, in fact, to be killed.
And you say I'm the punchy one? They are supporing the waging of war against me, and innocent children in this country. They flaunt it, and worse they flaunt it because they feel no one can retaliate against them
But it' 2012, and yes, people can retaliate, and will.
Since they want me dead, it is only fair I want them dead. They are at war with me, and are telling it here to my face.
The rest made absolutely no sense.
Ok, re the second part, if you can't get it, that's fine.
Jun 15th, 2012 - 04:32 pm - Link - Report abuse 0I think you'll find that sanctions would be issued as a result of current Argentinean government policy. They would not be imposed at whim. I would suggest, therefore, that the results of any sanctions would stem directly from your government policy. Rather than killing Yankeeboy and his children/family, it would more productive to ask the government to change their current policy so that they do not antagonise other countries and put them in a position where sanctions are an option. This whole thing is causal and, unfortunately, the present government is the root of the cause.
You can never appease imperialism. The Europeans and Americans just want Argentina to be their vassal, to say yes to everything they say, basically, to seize to be an independent country.
Jun 15th, 2012 - 04:39 pm - Link - Report abuse 0I choose to fight. I don't agree with my government in many things, but when foreigner attack us, that is by the wayside.
Seems like your meds are off a bit again. Having problems getting them out of customs?
Jun 15th, 2012 - 06:27 pm - Link - Report abuse 0All the USA is asking for is for Arg to pay their debts, honor their treaties and start acting like a legitimate country or pay the price. Totally up to CFK how this turns out.
BTW if we were at war you would know it...
Sanctions or the seeking thereof is war. War need not be always hot, especially in these days when you are really strapped for cash.
Jun 15th, 2012 - 06:33 pm - Link - Report abuse 0You are no one to tell others to sign treaties or honor them, because you don't honor them yourselves. Just because no one attacks Europe or the USA to make them comply does not mean you are not violating multiple treaties.
But one day you will comply. It is inevitable and done. And I will not shed a tear for your family.
Toby, When necessary we enforce treaties though brute force. Right now shutting down the flow of U$ is making CFK squirm, if USSC rules that the BCRA reserves are attachable WATCH OUT below for your country. It will be a nightmare for Arg within seconds you have no reserves and can't import anything or support the peso.
Jun 15th, 2012 - 10:25 pm - Link - Report abuse 0It will be fun to watch from afar.
@ 25 Truth_Telling_Troll
Jun 15th, 2012 - 10:31 pm - Link - Report abuse 0“One day you will pay, yankeeboy and St. John. And you or your children will be dead.”
Oh, I am really scared - a serious threat from a third world country - are the C-47s ready to throw us all into the Atlantic?
33. His meds are stuck in customs and he is finally realizing the country is falling apart. He probably tried to get his pay out of an ATM but there is no cash due to the truckers strike...oops,
Jun 15th, 2012 - 11:10 pm - Link - Report abuse 0@ 32 yankeeboy
Jun 15th, 2012 - 11:26 pm - Link - Report abuse 0it will *not* be fun to watch from afar.
I was living in Argentina for about four years (saw what happened in 2001-2002, it was awful) and have many friends in the country, who oppose the government's completely erratic economic policy - my friends are going to suffer from this and I feel very sorry for them.
I lived there from 2001-2006, they had the opportunity to fix their economy for good but they chose to destroy it instead. They took the most progressive and populist path at every turn. They deserve what they are getting.
Jun 16th, 2012 - 12:49 am - Link - Report abuse 0I think it is fun to watch because I find it fascinating how purely bad government with a “bought” population brings on their own misery. They keep “electing” these stupid corrupt people over and over again it is amazing how dumb these people are.
This is where Obama is trying to bring the USA but ( I hope) we are smarter then RGs and get rid of him in Nov and all the Progs for the next 30 yrs!
You two are just two sorry individuals, with nothing but your nationality to engage in crude cyber-bulling hahaha.
Jun 16th, 2012 - 12:59 am - Link - Report abuse 0I just have fun with the likes of you, I know how to toy with such simple minds.
Toby, Were you able to get $ out of the ATMs today? I hear no garbage pick up or fuel deliveries next week.
Jun 16th, 2012 - 02:04 am - Link - Report abuse 0Last time I as in BA there was a garbage strike it was hard to tell though since there is always so much garbage on the streets anyway...
Fun to watch as it all comes flying apart....
Boring.
Jun 16th, 2012 - 02:30 am - Link - Report abuse 0Try again.
Don't go to a mall or university, don't want to be blown away, such fine traditions of American retail and academia.
How much to hitch a ride with the Chinese or Russians to the Space Station btw? You guys don't have the brains anymore, gotta pay for the IQ premium.
Toby, We just had the 1st commercial space flight!
Jun 16th, 2012 - 09:58 am - Link - Report abuse 0http://www.reuters.com/article/2012/05/23/us-usa-spaceship-idUSBRE84H0XM20120523
We are a country of commerce and innovation the goal here are to get private business to do create business/innovate rather than the gov't.
Totally different philosophy than your failing, ever poorer, less educated country. I know that is why you have a hard time grasping the simple concepts of work, honor, innovate they're so foreign to your very being.
We also just had a successful 12 month test of a space plane!
http://www.reuters.com/article/2012/05/23/us-usa-spaceship-idUSBRE84H0XM20120523
NASA has moved on from the Space Station it is going to go out of service shortly anyway it is too old and falling apart.
Maybe this will help with your jealousy:
http://www.reuters.com/article/2012/05/23/us-usa-spaceship-idUSBRE84H0XM20120523
Care to share some of the RG space accomplishments you have had this year?
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