MercoPress. South Atlantic News Agency
Argentina’s top 20 banks will have to lend for investment, says CFK
In a further attempt to prop the economy and promote investment funding Argentine President Cristina Fernández, CFK, announced on Wednesday that via the Central Bank, “the twenty A-class banks in the country will be obligated to give out loans,” in order for investment to be made on goods and services.” Read full article
Comments
Disclaimer & comment rulesNot even clear what this article means, are the banks going to be forced to lend to business - or they will be forced to lend if they want investment from government?
Jul 05th, 2012 - 08:40 am - Link - Report abuse 0If only they did the same in Britain, here they coddle the banks while their refusal to invest keeps us in recession, as if finance capital was more important than having an economy that works for anyone else. Good to see Cristina showing the way as ever. And a nice picture =)
Jul 05th, 2012 - 10:15 am - Link - Report abuse 0britishK why dont you go for her???
Jul 05th, 2012 - 12:47 pm - Link - Report abuse 0nice picture??? is so pathetic all what is happenning, the way they are stealing and lying us, that it is shame for all of us.
And the worst the way she divides people....
And her followers, like mariotto, a laugh.
Lending at a negative interest rates means the banks won't be around very long.
Jul 05th, 2012 - 01:03 pm - Link - Report abuse 0I know CFK is stupid, really really stupid but this gets worse and worse everyday.
The big banks are more likely to pull out of the country than they are to be forced to lend money at negative intrest rates
Jul 05th, 2012 - 01:28 pm - Link - Report abuse 0”Private banks seem to not have very much confidence in businessmen, because they give out more consumer loans” They are worried you will cease the company and then default on the loan. In addition this is a sign than the banks are not agreemnt in the way CFK is making it harder and harder to do business.
Basicaly she needs the banks to give out loans for development because the government cant. There is a problem with companies in the country have better credit ratings than the government.
mariotto, moreno, aníbal, abal medina, kichilof, vudú, a great laugh
Jul 05th, 2012 - 02:25 pm - Link - Report abuse 0Ms. Kirchner says that the state has confidence in the busines men, so much confidence that the state does not want the oil men to make a profit by fixing the well head price of crude at US$42 pb!!!
Jul 05th, 2012 - 02:39 pm - Link - Report abuse 0”Private banks seem to not have very much confidence in businessmen, because they give out more consumer loans”
Madame President, it was you who said the way out of the international crisis was through higher consumerism!!!
Kretina is a cretin!!!
It's bad enough with Roussef fidling with the 'subsidies, rate cuts, etc' in Brasil, but at least Brasil has a good chance of making things work.
Jul 05th, 2012 - 03:52 pm - Link - Report abuse 0The Mad Bitch of Argentina is obviously 'modelling' her chances after Roussef. But that is all she is: a chancer (unless it's her money).
Despicable woman.
In Europe they are filling the bankers pockets, and it's not bloody working, is it? :) :) :)
Jul 05th, 2012 - 05:57 pm - Link - Report abuse 0Dont worry. CFK and her lot, politicians, beaurocrats, lawmakers etc etc are replicating the greedy European bankers by filling their own pockets.
Jul 05th, 2012 - 06:13 pm - Link - Report abuse 0You think by highlighting problems in other parts of the world epecially Europe and America that it absolves Argentina from responsibility for its own problems. All the opportunity that Argentina has and it still cant get it right.
Not at all Tobers, I think the Argentinians should solve their own problems. Only them fully understands their issues.
Jul 05th, 2012 - 06:38 pm - Link - Report abuse 0What I'm laughing about, is the British hypocracy, they are loosing their grip on the world market and telling others how to deal with what they've always dealt with...
Guzz
Jul 05th, 2012 - 06:52 pm - Link - Report abuse 0So I am hypocritical am I?
Well, I ran my companies in the way I am saying economies need to be to be managed.
The only problem I had was the cnut Brown, as Chancellor and then Prime Minister without a vote (our sytem allows that) effectively halved my savings which I had worked hard all my life for, to give to the workshy aka lazy bastards.
Does not alter the fact that only Mr. Market will control the market. Not politicians or big business, or giving subsidies (which foster bad business practices and never work long term).
But heh, what do I know compared with you? Ha, ha, ha.
Let's see; lend at a 15% rate in local currency that is being devalued daily and is costing AT LEAST 30%. Hmm great deal for the borrower.
Jul 05th, 2012 - 06:52 pm - Link - Report abuse 0It won't be long before the bank is out of busienss as that rate.
I wonder if this is a way to AGAIN “protect the peoples savings” by making the them go bankrupt so CFK can nationalize them. Worked with Anses and guess where most of the remaining U$ are kept. Oh right the banks..
scummy crooks
ChrisR
Jul 05th, 2012 - 06:59 pm - Link - Report abuse 0You are an Uruguayan, just like me...
Noone controls the market, true. All you can do is to limit its borders. And the market has been globalized and with this they lost control of it.
I present you another option, stop saving for the furure and live today, sometimes the things that makes us happy are not tagged...
14 Guzz
Jul 05th, 2012 - 10:09 pm - Link - Report abuse 0“stop saving for the furure and live today”
This is a very good thing to do. You can do this because, as you have a profession and a job, you have an income. I am retired.
The only income I have now I am retired are my pensions and my investments.
Who knows what inflation will be in the future and my wealth has to cover that for both my wife and I.
But, touch wood, we 'should' be OK for another 15 or 20 years, by which time I will be dead and my wife will still be OK.
If it were not for the cnut Brown we WOULD be alright.
Well Chris, you accidentally (?) settled in a country that offers you wealth in human contact, no pensions needed :)
Jul 05th, 2012 - 10:21 pm - Link - Report abuse 0If you can cover the food and roof, you'll be ok.
What can I say, friend, down here instead of investing in pensions, we invest in family. Prooves to be much more rentable the day you get old...
@ 2 Do you live in the UK? hahaha when? In 1,000 years in the future? hahaha Pobre idiota.
Jul 06th, 2012 - 12:54 am - Link - Report abuse 02017 headline - Sub Prime Collapse hits Argentina
Jul 06th, 2012 - 08:18 am - Link - Report abuse 02004- 2??? Headlines - Financial crisis drops Europe to its knees, US done as superpower :)
Jul 06th, 2012 - 08:29 am - Link - Report abuse 0Friend, down here instead of investing in pensions, we invest in family. Prooves to be much more rentable the day you get old..
Jul 06th, 2012 - 11:43 am - Link - Report abuse 0are you referring to child prostitution? I know it is rampant in Arg but that is a dirty business especially using your own family!
yannqui
Jul 06th, 2012 - 11:48 am - Link - Report abuse 0Please try to keep your pathetic outbursts to yourself, child prostitution is a serious matter that should not be used as mockery, laughed about or in any way ridiculized. I understand your society has sunk so deep it no longer shares these values with the rest of us, but as I say, please keep it to yourself.
What is this Society you keep talking about, is it the one where 1MM illegals die to get into every year? That one? Or the one that exports 89% of its food so their children starve...even in their main city? Which one are you referring to? Is it the one that is letting their citizens die because insulin, syringes, cancer and HIV ( and lots of other) medicine is kept out of the country to protect their trade balance? That one?
Jul 06th, 2012 - 12:55 pm - Link - Report abuse 0You have a very f''cked up way of looking at what is right and wrong, take a look in the mirror first if you can stand what you see.
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