MercoPress. South Atlantic News Agency
Argentina's sovereign debt, a matter of time says The Economist
When Argentina proposed a brutal 65% haircut to holders of its defaulted sovereign bonds in a 2005 restructuring, one argument the country’s officials used to justify the offer was that the country could not take on more debt than it could reasonably expect to pay. As painful as the loss might be, the argument went at least the new bonds the government would issue would be creditworthy. Read full article
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Disclaimer & comment rulesIf you “invest” in Argentina, you are effectively saying goodbye to your money as you know it. Argentina, under this CORRUPT and DEMAGOGUE president, Kretina, is NOT a place to invest a single cent of your money, because trust me, you will lose it. The only thing Argenitna is interested in is getting their hands on as much money as possible to finance the goverments CORRUPTION and MILLIONAIRES in the government. The disaster that Kretina has left us will be felt for many decades to come. We have to do everything possible to make sure she is out of power as soon as possible. STAY AWAY FROM ARGENTINA DON'T LEAVE A PENNY OF YOUR MONEY HERE YOU WILL LOSE IT. The quality of life here is HORRIBLE, even food is prohibitively expensive, crime is out of control, the criminals are supported by the president to reign terror on the people. AN END TO KIRCHNER SHE IS A CORRUPT CRIMINAL AND has destroyed ARGENTINA!
Oct 18th, 2012 - 10:39 am - Link - Report abuse 0CFKC said as much to the world. “We won't pay our debts because it was the investors fault for putting their money in Argentina in the first place”. Does she ever think before she opens her gob?
Oct 18th, 2012 - 11:31 am - Link - Report abuse 0Fool me once, shame on you; fool me twice, shame on me.
Oct 18th, 2012 - 11:46 am - Link - Report abuse 0Who on earth would buy bonds from any entity associated with Argentina?
As the famous American marketing person said: 'there's one born every minute'.
Oct 18th, 2012 - 12:04 pm - Link - Report abuse 0How appropriate to quote a circus man to argentina, afterall.....is it not a circus and cfk the ring master?
Oct 18th, 2012 - 12:21 pm - Link - Report abuse 0And how much “investment” has argieland secured for YPF? One dollar? Two? Will it end up being owned by the Chinese? Not the best people to whom it would be wise to turn round and say “We're expropriating what you thought you owned.” Tip for argies. When you can't see out of the hole you've been digging, stop! On the other hand, keep going. After all, we're standing outside waiting to bury you.
Oct 18th, 2012 - 02:01 pm - Link - Report abuse 0Argentinian bonds could make you a millionaire!!
Oct 18th, 2012 - 02:08 pm - Link - Report abuse 0........if you're currently a billionaire
“The vast majority of provincial debt--around 7 billion dollars-- is subject to British or New York law.”
Oct 18th, 2012 - 02:51 pm - Link - Report abuse 0Is Argentina still a de facto colony?
It's based on the contracts they signed and agreed to.
Oct 18th, 2012 - 02:56 pm - Link - Report abuse 0lol, I wonder where in the world these investors are gonna be able to trade the pesos for dollars that they were paid. NO one wants to give dollars for pesos, not even Argentina itself.
Oct 18th, 2012 - 05:02 pm - Link - Report abuse 0No problém !
Oct 18th, 2012 - 05:32 pm - Link - Report abuse 0they can transfér páyménts back from Argentina Govérñment accoúnts ín US bánks which í know their volúmes.
The pesos are as useful as the CSA dollars. Whats a CSA dollar you say? The Confederate States of America.
Oct 18th, 2012 - 06:02 pm - Link - Report abuse 0@12
Oct 18th, 2012 - 06:10 pm - Link - Report abuse 0I think I would rather have the CSA dollars, at least you can sell those on Pawn Stars!
LOL so very true !
Oct 18th, 2012 - 06:26 pm - Link - Report abuse 012 +13 + 14 = one man show
Oct 18th, 2012 - 06:39 pm - Link - Report abuse 0don^t tálk yoúrself
no one listén you.
tipsy can you pronouce.......beeeb implosion?
Oct 18th, 2012 - 07:19 pm - Link - Report abuse 0ásk your déck- hañd not to me .
Oct 18th, 2012 - 07:33 pm - Link - Report abuse 0More propaganda from ...who else... the Economist.
Oct 18th, 2012 - 10:36 pm - Link - Report abuse 0I wouldn't buy any bonds from that pathetic bunch of lying, cheating “children”
Oct 18th, 2012 - 10:56 pm - Link - Report abuse 0But I do know about this boat that's going for a “steal”..................LOL
Another cholo that thinks captain and the sea
Oct 18th, 2012 - 11:07 pm - Link - Report abuse 0Think can spin it anyway he wants but to be honest this is bloody embarrassing.
Oct 21st, 2012 - 09:22 am - Link - Report abuse 0#21....I am not so sure it is embarrassing. It is for honorable people.
Oct 21st, 2012 - 03:31 pm - Link - Report abuse 0Commenting for this story is now closed.
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