MercoPress. South Atlantic News Agency
Argentine collar clamp has sentenced businessman ‘trapped’ in Uruguay
An Argentine businessman who was sentenced in Uruguay to home arrest following a car accident in which one person died remains at the location of the crime because his family in Argentina have been unable to purchase the 5.000 US dollars bail needed for his release. Read full article
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Jul 21st, 2012 - 07:31 am - Link - Report abuse 0Another “Great Story” from MercoPress defending a “Poor Man” trapped by the “Wicked Argentinean Dollar Collar Clamp”….
A “Poor Argentinean Businessman”, driving his ”Mercedes Kompressor” at high speed on a toll highway in Uruguay, has an accident and his poor family in Buenos Aires is ”Totally Unable” to purchase 5,000 U$S for his bail……....................................
Meanwhile, the ”Poor Little Sausage” is ”Suffering Home Arrest” on a “Terrible 4**** Hotel in “Awful” Punta del Este……............................
I would suggest to the ”Desperate Family” of this ”Poor, Mercedes Kompressor driving Argentinean Businessman,” to take a walk along calle Florida or calle Lavalle………......................................................
I’m certain that there, they will find a lot of ”Generous Helping Souls” in one of the many ”Cuevas” or ”Arbolitos”, willing to help them with those much needed 5,000 U$S. (At the going ”Blue” rate, of course)...............
Trash journalism…………….
At its best……………….
El Think………..
maybe this should serve as a warning to other Argentine drivers... argueably the most agressive in the world.... the buggers use zebra crossings as some form of ranging device......
Jul 21st, 2012 - 08:16 am - Link - Report abuse 0@1 For once I agree, a pointless report not particularly well thought out.
Jul 21st, 2012 - 09:32 am - Link - Report abuse 0Now if it reported poor working class man in prison unable to get bail due to Dollar restrictions, fair enough.
What was a 70 year-old doing driving a high-performance vehicle? he should have been limited to a mobility scooter!
Jul 21st, 2012 - 11:35 am - Link - Report abuse 04 Conqueror (#)
Jul 21st, 2012 - 04:07 pm - Link - Report abuse 0That sounds like age discrimination to me.
As a person close to 70 years old, I feel quite competent to drive a high performance car. What this chap did wrong was to drive the damn thing at “high speed” and run into another vehicle.
For once I agree with Tink on this one, Mercopress really could find more important things to publish.
#1 Brilliant Think. And on this one it seems everyone is agreed, even Conqueror doesn't seem to muchin sympathy with this “poor” businessman =) However if there is a real problem getting him out of jail surely its the Uruguyans still insisting on dollars not the Argentines insistence on, presumably, either the (Argentine) currency of the individual or the (Uruguyans) currency of the crimescene. Surely they should accept one or other as bail?!
Jul 21st, 2012 - 04:52 pm - Link - Report abuse 0Just remeber this article, everyone, before you believe the next anti-Cristina hatchet job on here without question =)
(6) British_Kirchnerist
Jul 21st, 2012 - 05:30 pm - Link - Report abuse 0Jupppp................
This “Article” is soooo stereotypical............
The young wife of this” Unfortunate Businessman” (at the moment of the accident he was driving together with his 16 years old son.....) could easily take the family’s second car (an Audi A5), a plane, a bus or even a boat to Punta del Este, exchange some Argentinean pesos (at the going rate) into local currency and bail her elderly and fragile businessman out.......
But that wouldn’t make a good story for the Turnips.......... Would it?
Another Clarin exclusive type article.
Jul 22nd, 2012 - 12:02 pm - Link - Report abuse 0Clarin
“Está preso en Uruguay porque no le pueden mandar dólares para la fianza”
http://www.clarin.com/sociedad/Uruguay-pueden-mandar-dolares-fianza_0_739726176.html
I would titling something like this just to spread well the message.
If you cannot buy dollars thanks to Kretina clamp measures you will end up in jail in Uruguay and a Mercedes Benz will kill you.
Ha ha
#1
Jul 22nd, 2012 - 06:01 pm - Link - Report abuse 0Your prejudice
@7 'I don't Think' aka T'he Turnip In Chief'
Jul 22nd, 2012 - 06:30 pm - Link - Report abuse 0And WHO in Punta is going to accept Argie Pesos? Nobody, they are valueless.
I am surprised that he did not draw dollars against a credit card, unless of course, he has no credit.
On a more practical note, we are sick and tired of they stupid bastard Argies in ANY car who drive constantly in the left hand lane at 150 kph, weaving from the shoulder to the marker line as they do.
It was so bad this year thet the Policia Caminera brought many out of region radar vans onto the IB and Ruta 9 to catch these idiots as they approach Punta. Given the numbers caught I am convinced they will run a similar programme this coming summer.
It is so funny watching the Argie drivers try and argue with the officers that he should not book them! 'Never my fault' did not work of course.
Bashing Argentina won't do europe or USA any good. Let's hope everyone remembers that The dollar regulations are helping the dollar price go up in Argentina and also increasing the demand for euros both at the same time. The intended purpose was to become reliant on national currency and it will work if they keep turning to a national corporate culture. In other news YPF is getting a load of government contracts for national consumption, not bad for a company that was at war with the state a few weeks ago. Bashing Argentina didn't help repsol much.
Jul 23rd, 2012 - 01:07 am - Link - Report abuse 011 Pirat-Hunter (#) “YPF... not bad for a company that was at war with the state a few weeks ago...”
Jul 23rd, 2012 - 01:57 am - Link - Report abuse 0YPF was not at war with Argentina, Argentina was at war with Repsol!!!!
Now the problem is that no international corporation will invest in YPF unless the Government:
1) Raise the well head price of crude and gas to international values.
2) Guarantees the continuity of transfer of dividends.
3) Guarantees the strict rule of international law.
4) Freedom to import equipment into the country.
5) Guaranteed fiscal stability through a law passed by Congress.
All the above go totally against the “relato” of the Kirchner trash, so there will be no investment in YPF!!!!!
1-The guy deserves at least 6 months in jail for stupid imprudent that cause the death of the poor Uruguayan.
Jul 23rd, 2012 - 08:58 am - Link - Report abuse 02-If the guy has a Mercedes Benz Clase 200 Kompressor cost $62.000 used here in Arg. and has not UISD 5k in the pocket he is a miserable and deserves to be in jail for idiot.
3-Again any part of that Mercedes will coves the 5k even destroyed so he can used as a guarantee or sell for 5k dollars.
4- I guess the miserable sold the exclusive to Clarin and la Nacion to don’t put a dollar from is pocket.
@Simon68
“Now the problem is that no international corporation will invest in YPF unless the Government:”
First You are wrong and second who cares in a international corporation will not invest in ARG?
You tend to follow the “relato” as you like to say of the neocon’s book that say the only good investment in the world comes from international banks and especially from their banks.
Now tell me just between us how much is paying you Clarin?
Is in dollars?
@13 DunniBurger aka Mr. Blobby
Jul 23rd, 2012 - 02:18 pm - Link - Report abuse 0I never, ever, thought I would write this line:
I agree with you at points 1), 2), 3) and 4), especially point 1). Well said.
13 DanyBerger (#)
Jul 23rd, 2012 - 04:25 pm - Link - Report abuse 0Firstly, I agree with your points 1-3, I don't know about #4 so I will not comment on that.
I DO care about foreign investment in YPF, because I drive a car in Argentina, and cook and heat my house with gas in Argentina.
Without investment YPF will go down the tubes and we, the Argentine tax payers will have to pay the cost!!! We will also be cold and hungry.
I wish Clárin would pay me something, but I would have to do something for them to pay me for, so I guess its unlikely that they'll pay me!!!!
@ChrisR
Jul 24th, 2012 - 10:31 am - Link - Report abuse 0Champagne, Champagne slowly, slowly we are making progress.. ha ha
@Simon68
Lest see if YPF was sending abroad to pay dividends USD 1.5bn at year during Repsol era and now this much is going to be re-invest.
So the situation is:
Worse or better for the company according with you?
Don’t you do understand that Repsol was using YPF and other companies in the region as a milk cows to pay its huge debt owed to international lenders?
You like to talk about the market why don’t you see what they are saying about Repsol?
Repsol debt is going to be downgrade and Repsol after the lost of the Milk Cow (YPF) is desperate to get cash from everywhere to present a convincing plan to pay its debt.
So Repsol is selling assets like had done in Chile.
According with FT YPF represented 33% of the whole Repsol earnings and even though they were losing reserves, not investing in the company and not exploring.
So even if none put a dollar in YPF the company will be much, much, much better than in the hands of the raptors.
But you never have been concerned about this before, why? Because Clarinete, Grondonete, La Nacionete y el Gordo Lanatete didn’t tell you. Because meanwhile they were receiving $$$ in ads revenue from Repsol all was fine.
So don’t worry you just have to change the channel and not buy more newspapers anymore.
You will be happy again.
16 DanyBerger (#)
Jul 24th, 2012 - 01:19 pm - Link - Report abuse 0As I understand, YPF was paying out dividends as authorised by the Argentine Government in order for the Eskenazi familly to pay off their 25% holding in the company!!!!
As the Argentine Government had the controlling (golden) share in YPF ALL the companies dealings as from privatization to nationalization were overseen by the Argentine Government, so whose fault was it that the oil and gas production bottomed out? ANSWER: the Argentine Government's!!!!
As the Argentine Government puts a cap on well head prices of crude and gas, no company in Argentina is making significant profits, all are waiting for Kretina and her troupe to finish ruining the economy and f**k off to live off their ill gotten gains, so that the companies can start making some money for their stock holders.
@Simon68
Jul 24th, 2012 - 01:56 pm - Link - Report abuse 0Oh! Simon you seem to work in Clarin and La Nacion do you?
“As the Argentine Government puts a cap on well head prices of crude and gas, no company in Argentina is making significant profits”
So how YPF represented the 33% of the Repsol’s group earnings world-wide?
So if the govt. holds the price down you complain but if price goes up you complain (inflation, inflation, bu bu)
Can you tell me when you don not complain?
Come on Simon you are farmer am I right?
You cry if rain, you cry if not rain, you cry for the dollar, you cry for the peso, cry, cry, cry.
There is no hope for you problem I guess....
18 DanyBerger (#)
Jul 24th, 2012 - 04:16 pm - Link - Report abuse 0No Dany I'm not a farmer, I'm a pensioner doing voluntary work for the provincial government. So I only cry for the unfortunate Argentines who are paying for the Kirchnerist party.
YPF did not represent 33% of Repsol's global earnings, YPF represented 33% of Repsol's concessions world wide. Get your facts right before posting boludeces!!!!
In another thread I said I would rather pay a rational price for fuel and gas than run the risk of not having either, so don't tell me I complain if the prices go up.
#12 in other worlds the international investor have being bared from investing in YPF by National laws. Great outcome don't you think? Why would Argentina want to share the income from then oil when we all know that the longer we take to develop it the more money we will collect for every gallon of oil.
Jul 24th, 2012 - 07:32 pm - Link - Report abuse 0#13 I am 100% with you and I hope he pays for his crime before he ever gets out.
#18 the hopeless are always helpless.
#19 our friend there is right you cry and complain too much and to prove it to you all I need to ask is Other then CFK who do you think will be a good candidate for president in Argentina. Good luck finding one. LOL.
@Simon68
Jul 25th, 2012 - 04:25 am - Link - Report abuse 0“I'm a pensioner doing voluntary work for the provincial government”
“Get your facts right before posting boludeces”
So You are under state welfare benefit like a ñoquí in a plan descansar for oldies and claim for neocons to come into power. Are you stupid or what?
And what the hell are you engaging yourself in conversation about finances and economy if you have not idea about it?
Financial Times April 20, 2012
Repsol in a balancing act after losing a limb
“YPF represented more than a fifth of Repsol’s operating revenues (total sales) , and over a third of consolidated earnings (more than 33% of consolidated earnings)”
“Repsol SA Shareholders' Meeting approves the 2011 earnings
Repsol SA posted earnings of 2.193 billion euros in 2011 and achieved all of its strategic goals during the year”
Total earnings reported by Repsol worldwide for the financial period 2011 was USD 2,65 billions. (Source Repsol annual meeting report for shareholders “Executive Chairman Antonio Brufau” presenting new strategic plan.)
UDS 1.49 billions come from YPF to pay dividends (according to own company data).
USD 1,15billions come from the rest of the group.
So as you can see more than half of the Repsol SA group earnings world wide in 2011 come from YPF.
“YPF represented more than the 33% of earnings of Repsol SA world wide and the money was re invested in Repsol Alaska, in China and Middle East.”
I guess you are missing your lovely Machinea and the diots radicals that will cut your pension benefit 13% as they did in de La Rua times.
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