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Argentina reiterates it will honour bonds maturing in August and December

Wednesday, June 27th 2012 - 08:25 UTC
Full article 17 comments

Argentina will pay back 5.716 billion dollars in bonds maturing next August and December, several of them tied to GDP evolution, confirmed president Cristina Fernandez. Read full article

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  • British_Kirchnerist

    A great speech, covering all the bases and exploding the lies of the haters =) Viva Cristina

    Jun 27th, 2012 - 10:42 am - Link - Report abuse 0
  • ExPat 1987

    BK have you taken you tablets this morning??

    Jun 27th, 2012 - 11:44 am - Link - Report abuse 0
  • Conqueror

    @1 Weren't expecting you to say anything else, were we? Very predictable...and boring.

    In the meantime, the question is: whose money is she going to steal this time? Considering all the things she's “committed” to the money has to come from somewhere or the country won't have any “international reserves”. Few, or no, reserves means the country is bankrupt. And probably still in debt. And she still needs the money to “revitalise” YPF, build all those houses, pay for those “essential” oil and gas imports and finance the 25-30% pay rises. Foreign companies and investors should certainly be on alert to get out. With her antipathy toward the unions, their funds might be seized. How are the dock strikes going? And the farmers' strikes?

    Jun 27th, 2012 - 12:34 pm - Link - Report abuse 0
  • EnginnerAbroad

    CFK. Stop confusing the country and its people by spouting worthless numbers to make you sound like you have a clue what you or your government is doing. Start solving the real economic problem. INFLATION rather than hiding your head in the sand but having all your cronies tell you it is only in single figures. It is not and the majority of people living in Argentina know it is not.

    You cant pay the entire foreign debt with central bank reserves because they are so low. maybe the Boden debt but then what money are you going to use to keep your crazy social spending policies afloat, espiclay as you state that 81% of Argentines pay no tax? How are you going to invest in your new oil company YPF which requires $35 B over the next 5 years? China was intrested was it? Without the investiment in YPF you will be forced to import more fuel (but without the central reserves you cant afford that either). This will all lead to higher and higher inflation for the people. Argentina is close to recesion (no problem in that in itself) but entering a recesion with 24 to 30% is economic suicidie as you cut yourself from fiscal easing (which would cause hyperinflation, Germany in the 1930s and Zimbabwe) this is likely to lead to stagflation of the pesos as well as its complete collapse in the international market leading to a default of further soverign debt (the loans being offered by China and the World Bank) which will lead to a 2001 all over again and a vicious cycle repeating.

    When will a respoisble government with a long term plan come to power in Argentina to prevent Argentinas boom and bust cycles instead of being intrested only in furthering its own welath (the Kirchiner family have becmaome 814% more wealthy sinse taking power) and politcal standing.

    Jun 27th, 2012 - 12:44 pm - Link - Report abuse 0
  • yankeeboy

    That dumb bunny can't do simple math!

    Everyday I am astounded that the media and the RG population let's CFK and her minions get away with outright lies! Lies that have a direct impact on everyone in the country!

    Huge current account deficit, Provinces are bankrupt, Nobody can borrow in U$, Exports are rapidly decreasing, MASSIVE outflows from BCRA for loan payments. This is only going to get worse by the end of the year.
    This very stupid women will be talked about in economics classes for decades. How to ruin a country in a few short years!

    Jun 27th, 2012 - 01:07 pm - Link - Report abuse 0
  • Captain Poppy

    BK some questions:
    1-Why do you support socialism, because you are too inferior to compete on your own?
    2-Why does KFC (I love that twist) not hold ANY press conferences EVER, will the FOREIGN press ask tough questions?
    3-My GF worked her ass off all her life and saved only to have her pension stolen by Argentina. She gets statements that no longer show what she use to have which is a petience of what she saved. How do you reconcile that theft?
    Two years ago she was handing out fish to people, 3 years ago she stated that good sex keeps you young. You really think someone that is a waste of oxygen is leadership quality? We all make mistakes when we voite in our lifetimes. Don't be so proud, admit shes a moron and oust her. Argentina needs the world more than the world needs Argentina.
    If you vted for a leader that would make Argentina attractive and competetive, bussiesses may go there and Argentina and the people would benefit. But KFC insists on making itself a pariah as a world neighbor.
    BK who is left to steal from? 26 million are between the ages of 15 to 64. 9 million of those are hard working middle class , anti-peronists. When they are gone, there will be nothing left of Argentina......nothing. But KFC will still have her dollars in her swiss bank account.

    VIVA CHRISTINA

    Jun 27th, 2012 - 01:57 pm - Link - Report abuse 0
  • EnginnerAbroad

    @6 I have always imagined the dollars are in a Cayman Island account. i like the idea that she keeps her stolen money safe in a British protectorate.

    Other than I completly agree with you

    Jun 27th, 2012 - 02:04 pm - Link - Report abuse 0
  • Captain Poppy

    #6 lol......I have to say that there is truly no more pure capitlism or socialism. Eron, WorldCom, Tyco...to name a few as to why the will always be government oversight. But Europe and North America are certainly the best models to follow. Are they perfect....far the hell from it, can they be better...always, that's why we tend to put different parties in power every few years. On these two continents, we can get a decent education, earn a fair wage, build a modest nestegg and live a comfortable life bitching about our taxes and politicians and toss them out when they are overdone. I am not saying that S.A> should be like us, but they have to ask themselves...“why is it working for them”. Even the bad times are not so dire as they get in S.A. Even China nmoved away from pure socialism and opened markets. China has billionaires....what does that so.

    Jun 27th, 2012 - 02:35 pm - Link - Report abuse 0
  • row82

    Please join this new fb page - Falkland Islands Desire The Right - dedicated to Falkland Islands current affairs, keeping the islands free and poking fun at the loonacy of the Argentine government and their various claims and their internet trolls - https://www.facebook.com/Britain1592

    Jun 27th, 2012 - 04:03 pm - Link - Report abuse 0
  • British_Kirchnerist

    #6 “Two years ago she was handing out fish to people, 3 years ago she stated that good sex keeps you young”

    Who, Cristina? I know she said pork made for good sex so I get (and like!) that she can be quirky, but I've not heard of that before. Any links? Anyway whats that got to do with being a bad leader, can't a girl have a bit of fun =)

    Jun 27th, 2012 - 06:53 pm - Link - Report abuse 0
  • Xect

    @5 Yankeeoby, you have to ask the question why should she stop lying when there are fools like BK who lap it up? It seems however he is in the minority with her crashing ratings and the constant protests and strikes......

    Given the country is famed for lying with Cretina, Tinman and INDEC taking the leading roles I think its probably too late for her too stop now especially as she's desperately trying to stop her ratings from crashing further.

    Seems her time in mismanaging the government is running out fast. She's such a terrible, dumb and ridiculous leader.

    Jun 27th, 2012 - 10:57 pm - Link - Report abuse 0
  • Conor

    @10
    Ok now I'am really worried about your health Mr BK.

    Jun 28th, 2012 - 01:43 am - Link - Report abuse 0
  • British_Kirchnerist

    I'm just asking a question! S0 far no answers

    Jun 28th, 2012 - 10:58 am - Link - Report abuse 0
  • Simon68

    What an interesting headline; Would it be necessary in any other country in the world to REITERATE that it is going to honour maturing bonds???????

    Only Argentina under the corrupt hand of Kretina Kirchner has to tell the world that she will pay back a debt.

    Jun 28th, 2012 - 12:48 pm - Link - Report abuse 0
  • Captain Poppy

    #13 BK and your question was “can't a girl have fun?” Do you really think that with the poverty in Argentina, 25% inflation, a middle class that only hits 12% (according to Kentucy Fried Chicken - KFC), a governement that expropriates (steals) privately owned assets, Steals private pension funds and gives back I.O.U.'s at 5% of the value, and increasing taxes on workers so she can “finish her 2003 model”, clsoing the borders for imports. I could not believe the price of TV's there in February. 300 u$ for a tv here the equivelent there for the same TV was like U$ 2,500.....nice work. KFC needs not to be focusing on fun. If you think she needs fun I am sure you also believe that Paraguay ousting the Pres was a coup, even though Section VI, article 225 spells how to toss a president. They did it by the books. But RG land was upset they lost a cohort.
    And yes, she was hading out fish to people. Was here way of saying she would rather give out fish then teach people to fish.....you know, the old Jesus parable. Give a man a fish...you feed him a day, teach him to fish, he eats for a lifetime. It's all about power and control for a very sick women.

    Jun 28th, 2012 - 03:54 pm - Link - Report abuse 0
  • British_Kirchnerist

    #15 My question, to you, was when if ever did she hand out fish and say good sex keeps you young? The second actually sounds obvious but if she really did the first I highly doubt that it would be to deliberately and sickly reverse a Jesus parable!!

    Jun 28th, 2012 - 06:12 pm - Link - Report abuse 0
  • Captain Poppy

    Two years ago in Buenos Aires.....ask anyone that lives in Buenos Aires. Don't forget the TV's she was giving for votes

    Jun 29th, 2012 - 12:06 am - Link - Report abuse 0

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