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IMF again warns Argentina: new inflation index “is not enough”

Saturday, April 20th 2013 - 06:26 UTC
Full article 39 comments

Argentina's new inflation measure is not enough to overcome the International Monetary Fund's censure of the country for inadequate data, an IMF official said Friday. Read full article

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  • Britworker

    Wouldn't life be simpler if they just said that you are collection of stinking liars and we don't trust anything you say or do.

    Apr 20th, 2013 - 07:45 am - Link - Report abuse 0
  • toxictaxitrader2

    Removing Government sanctions on interdependent inflation commentators would be a start!
    Any Argentinian care to defend this practice?

    Apr 20th, 2013 - 08:42 am - Link - Report abuse 0
  • andy65

    Once a liar always a liar these Argentine cats will never change

    Apr 20th, 2013 - 10:00 am - Link - Report abuse 0
  • yankeeboy

    The most embarrassing part of this is that part of the delaying tactic the Ks have used is to let the IMF come in and work with INDEC for 6 months to develop methodology for Argentina as a country as a whole.
    Then they ignore it and trot out something to be immediately slammed down.
    What a bunch of boobs
    I bet is was the greasy mullet
    Can't take him seriously with that hair!

    Apr 20th, 2013 - 10:35 am - Link - Report abuse 0
  • mastershakejb

    lol Cristina fueling up the escape hellicopters and loading them with US Dollars

    Apr 20th, 2013 - 12:14 pm - Link - Report abuse 0
  • Tobers

    If they dont like the terms they should get out and stop moaning. But nationalism needs every enemy of the state it can muster.

    Apr 20th, 2013 - 12:33 pm - Link - Report abuse 0
  • manchesterlad

    Let´s face it, the IMF has become a joke in it´s own right.....embroiled in controversy & corruption just like most of the international financial organizations
    It´s incredible that after years of falsifying data & insulting the intelligence of the IMF, Argentina is still a member & has full voting rights
    The inflation figures since the Kirchners took over have never reflected reality so now they are trying to manipulate reality to match the inflation figures by freezing gas prices, supermarket prices & the famous De Vido credit card

    Apr 20th, 2013 - 12:49 pm - Link - Report abuse 0
  • yankeeboy

    6. Their memberships in WB, IDB, ICSID et al depend on being a member of good standing with IMP.

    Sanctions under Article XXVI
    14. Following the adoption of a declaration of censure, if the Executive Board finds that the member has failed to implement any of the actions called for in the declaration within the specified timeframe, the Managing Director may issue a complaint to the Executive Board and recommend that the Executive Board declare the member ineligible to use the general resources of the Fund for its breach of obligation under Article VIII, Section 5. The Executive Board decision declaring the member ineligible to use the general resources of the Fund will note that the member’s persistence in its failure to fulfill its obligations under Article VIII, Section 5 following the declaration of ineligibility may result in the issuance of a complaint for the suspension of the member’s voting and related rights and in the imposition of this measure.
    15. If the member persists in its failure to fulfill its obligations under Article VIII, Section 5 for six months after the declaration of ineligibility, the Managing Director may issue a complaint and recommend that the Fund suspend the member’s voting and related rights. The Executive Board decision suspending the member’s voting and related rights will note that the member’s persistence in its failure to fulfill its obligations under Article VIII, Section 5 following the declaration of suspension of voting and related rights may result in the issuance of a complaint for compulsory withdrawal and in the initiation of the proceedings for the compulsory withdrawal of the member from the Fund.
    16. If the member persists in its failure to fulfill its obligation under Article VIII, Section 5 for six months after the suspension of its voting rights, the Managing Director may initiate proceedings for the compulsory withdrawal of the member from the Fund.

    Apr 20th, 2013 - 12:52 pm - Link - Report abuse 0
  • DanyBerger

    Meanwhile in real world Argentina still member of IMF sure IMF needs Argentina more than Argentina needs the found.

    4 billions dollar provide by Argentina is a lot of money.

    I guess that if IMF stops Argentina membership to the found will make a big favour to Argentina.

    Apr 20th, 2013 - 01:00 pm - Link - Report abuse 0
  • mastershakejb

    lol, keep smokin that crackpipe, DumBoogers

    Apr 20th, 2013 - 01:07 pm - Link - Report abuse 0
  • yankeeboy

    9. Dany, I doubt Argentinta would ever get that $ back from the IMF. It would probably be impounded to pay the USA debts.
    Plus there're a lot of countries that want the voting shares
    Brazil and China India and Russia would love love love to see Argentina kicked out
    The USA Germany UK Italy want Arg gone too
    but rules are rules in civilized countries
    you see the steps above

    Apr 20th, 2013 - 01:20 pm - Link - Report abuse 0
  • Conqueror

    @9 “4 billions dollar provide by Argentina is a lot of money.” To whom? In the IMF, accounts are held in Special Drawing Rights (SDRs). In its General Resources Account, argieland has a total of 2,117.10 million SDRs. 2,116.92 as Fund currency holdings. In its SDR Department, it has 2,020.04 as its net cumulative allocation and 2,053.08 as its holdings.
    Meanwhile, little United Kingdom with its “failing” economy, in its General Resources Account, has a total of 10,738.50 million SDRs. 7,312.26 as Fund currency holdings. In its SDR Department, it has 10.134.20 as its net cumulative allocation and 9,609.22 as its holdings. See, this is what real, properly-managed countries can do. Can you work out the math? It means that little UK is doing between 4 and 5 times better than argieland. And all with just a couple of little islands.

    Apr 20th, 2013 - 01:44 pm - Link - Report abuse 0
  • Brazilian

    As if the IMF ever did Argentina any good...

    Apr 20th, 2013 - 04:23 pm - Link - Report abuse 0
  • toxictaxitrader2

    @2 toxictaxitrader2
    Er nobody justifying the suppression of free speech and the punishment of the publication of contrary inflation figures.
    The Argentine Government well know the true inflation figures,after all they settle public servants pay at the real figures.
    Its all done to cheat Bond holders who have inflation linked bonds.
    I see another court case looming!

    Apr 20th, 2013 - 05:20 pm - Link - Report abuse 0
  • briton

    4 billions dollar provide by Argentina is a lot of money.

    As if the IMF ever did Argentina any good...
    ,
    Are we leading to believe then?
    That without the mighty argentine money,
    The IMF will collapse,
    ,,,,,,,,,,,,
    Would it not in all fairness then, be in argentines interest to withdraw from the IMF and tell em to stuff it,
    And let the IMF go down the plug hole,
    But then again
    Is someone/two telling little porkpies again?
    mmmm

    .

    Apr 20th, 2013 - 07:56 pm - Link - Report abuse 0
  • Conqueror

    @13 According to argieland. Ever tried counting the number of lies argieland has told? Start from 1810. Here we are in 2013. Still counting! It usually tells a couple of dozen every time it appears before the C24. Just figure that! It appears before the C24 every year. Every time it tells two dozen lies. C24 was created in 1961. By now, argieland has lied 1,248 times. But that's not all. It wanders around the world telling the same lies to anyone who will listen. 2,500 lies? 5,000 lies?
    Consider this. For so long as Brazil associates with and/or supports argieland, it will be considered to be no better than argieland. Argieland has so many faults that they have to be listed alphabetically. With several faults for each letter of the alphabet. Just think; B = belligerent, bellicose, barred, beggars, bent. Try some letters of your own. Start with the more obvious. C for corrupt. G for genocidal. L for larcenous. M for mendacious.

    Ever tried looking for the TRUTH? Why are CFK's “Declarations of Assets” just accepted every year? Even if they make no sense. Why was an investigation suddenly dropped? Why, and how, has CFK's personal “fortune” increased by more than 2,700% in the last 10 years?

    Apr 20th, 2013 - 08:44 pm - Link - Report abuse 0
  • DanyBerger

    @Conqueror

    And meanwhile UK has this money at IMF at home has to cut in public service, education, etc.

    It is not what we call Banana Republics in EU?

    BTW still UK’s economy falling and the worse still to come...

    Apr 21st, 2013 - 09:30 am - Link - Report abuse 0
  • darragh

    @17

    Which presumably is why household assets (minus outstanding debt) in the UK now stand at £120,000 per HOUSEHOLD, up nearly 30% in the last decade.

    These figures do not include corporate wealth purely the average wealth per household and include such things as property, investment, pension investments etc.

    http://www.telegraph.co.uk/finance/personalfinance/investing/9978282/were-86000-richer-than-10years-ago/

    I rather suspect that quite a lot of the world would like to live in a 'banana republic' that wealthy.

    One good piece of news for Argentina though is that the new Queen of the Netherlands was born in Argentina so presumably CFK will be asking the new King to intervene over the Falklands.

    Apr 21st, 2013 - 11:14 am - Link - Report abuse 0
  • toxictaxitrader2

    @#DanyBurger
    You are right,there is a lot of pain and debt in Europe right now,the Spaniards,Portuguese, Italians,Irish,British,ect are having their living standards reduced year by year,to pay back the stupid amount of debt past governments accrued
    But guess what? they will do it !
    you should too!
    ITS THE HONEST THING TO DO!!!

    Apr 21st, 2013 - 11:54 am - Link - Report abuse 0
  • mastershakejb

    DumBoogers,
    The UK and USA would have to slash services faster and faster for 100 years just to reach where Argentina is now. But by then Argentina will be in the stone ages, .....so basically its impossible for UK/USA to ever go far enough back in time to catch up to the disaster that is Argentina

    Apr 21st, 2013 - 12:04 pm - Link - Report abuse 0
  • DanyBerger

    @mastershakejb

    UK services were not even good before the crisis and so many were worse than in Argentina like in education.

    Any Argie can go to university for free and is widely available for everyone rich and poor while you have to pay £3,225 to attend to one. Do you call this service?

    Free school head without any teaching qualifications plans to ignore curriculum
    http://www.guardian.co.uk/education/2013/mar/10/free-school-head-no-qualification

    Most schools in Britain are shit holes and kids don’t learn anything also have linguistic problems and someone hardly can spell they own surname in English.

    Patients starve and die of thirst on hospital wards
    http://www.guardian.co.uk/education/2013/mar/10/free-school-head-no-qualification

    “But when he was admitted to St George's Hospital in Tooting, South London, staff ignored repeated reminders from Mr Gorny and his family to give him the tablets, and he became severely dehydrated after being refused water.”

    So be careful to not end up in a UK hospital and end up dead dehydrated.
    Seems not even running water is available on these days.

    Can you see that UK is a typical banana republic but with a queen?

    Apr 21st, 2013 - 12:51 pm - Link - Report abuse 0
  • darragh

    @21 dopybugger

    Or you might like to check this out:-

    “Britain ranked second only to Sweden in table of most advanced countries”

    http://www.telegraph.co.uk/finance/economics/9984829/britain-ranked-second-only-to-sweden-in-table-of-most-advanced-countries

    You will note that Argentina is not in the top 10

    Must be bloody good bananas

    Apr 21st, 2013 - 01:05 pm - Link - Report abuse 0
  • mastershakejb

    lol dumboogers, you really are ignorant. I've been to your country, it is a MESS compared to UK and USA. Stop believing everything Cristina and go see for yourself, you'd be blown away.............except that you can't afford it, lol

    Apr 21st, 2013 - 07:03 pm - Link - Report abuse 0
  • briton

    Ah hatred, abuse, envy jealousy , anti British , and it goes on,

    Still,
    The fact is this,

    If they are right, then the UK will collapse
    If they are wrong, we won’t.

    Or the other hand,
    If they are telling the truth, Argentina will grow rich and become a world power,
    If they are lying, Argentina will collapse,

    Time will tell
    But one has to suspect a lot of post moving to the word [collapse]
    mmmmm
    .

    Apr 21st, 2013 - 08:05 pm - Link - Report abuse 0
  • Optimus_Princeps

    They are still giving Queen Botox too much breathing room. I know they are following “procedure”, but she deserves to have her head twisted 180º.

    Apr 22nd, 2013 - 01:41 am - Link - Report abuse 0
  • DanyBerger

    @darragh

    Not even you or KaMoron can believe that.

    UK is not an advanced country in fact looks pretty much like a 3er world country.
    Bad services, high rate of crime, high rate of unemployment, jobs are shitty, the entire industrial sector destroyed and the economy is even worse.

    @mastershakejb

    In which country? Germany idiot?

    Who do you want to cheat?

    UK looks like a 3er world country, its old, flat all ruined, service are cheap and nasty, etc.

    The fanny thing is that you idiots love the Tories and your idols are Cameron and MT when they have destroyed Britain and the “Good things” you like to name as good in Britain are the remaining of Labour policy. What the Tories systematically are pushing hard to destroy with their conservatives policies.

    If wouldn’t be by the Labour party you would not even have schools in Britain or hospitals.

    Britain since the ’80 has introduced Necons policies trying to keep a strong currency to benefit speculator and bankers to make huge profits. But the bad news is that in the process all the rest of the economy was destroyed and now Britain cannot produce even basic stuff to survive by it own means.

    That is the structural problem of Britain simple is not a good place for business to produce anything there, at least you are a coffer of the govt. who can provide good contracts while system get oiled as usual.

    So my friend don’t expect any improvement in Britain because is condemned to keep running with huge deficits and borrowing as usual.

    The perfect recipe for collapse.

    Apr 22nd, 2013 - 06:50 am - Link - Report abuse 0
  • agent999

    So Dany when did your grand parents arrive in Argentina, was it in the 1940's after the war?

    Apr 22nd, 2013 - 08:31 am - Link - Report abuse 0
  • yankeeboy

    The only people who could think the UK is 3rd world are people who have never been there.
    It is such an outrageous and ludacris fabrication one would think it was coming directly out of CFKs mouth.

    Apr 22nd, 2013 - 02:22 pm - Link - Report abuse 0
  • Optimus_Princeps

    @28 Some people are only aware of where to get welfare checks, liquor, choripan, and to the La Campora gatherings, and hardly leave their hovel for much else.

    Here's some food for thought from Mark Twain, “Never argue with stupid people, they will drag you down to their level and then beat you with experience”

    Apr 22nd, 2013 - 09:15 pm - Link - Report abuse 0
  • Captain Poppy

    lol gotta love old Samuel.

    Apr 22nd, 2013 - 11:39 pm - Link - Report abuse 0
  • DanyBerger

    @yankeeboy

    Of course you have never been in UK. Am I right?

    Why the UK is turning into an old-style third world country
    http://www.freshbusinessthinking.com/news.php?NID=16186&Title=Why+the+UK+is+turning+into+an+old-style+third+world+country

    Apr 23rd, 2013 - 09:11 am - Link - Report abuse 0
  • yankeeboy

    Um, I go to London quite often for a long weekends, sopping, dining and clubbing. It is an easy trip from the USA east coast.
    Obviously you have never been there.

    Apr 23rd, 2013 - 09:38 am - Link - Report abuse 0
  • Captain Poppy

    Considering that every troll here keeps on insisting that argentina, all of SA does not need the IMF, then bow out of the international organizations gracefully before you are ultimately bounced out for non compliance.

    Apr 23rd, 2013 - 03:07 pm - Link - Report abuse 0
  • DanyBerger

    @yankeeboy

    I live in there for 2 years idiot. Who do you want to cheat?
    And most people complaining about UK is a shit hole are Americans.
    Typical Americans dick head comments...
    Oh uk is a little village not even a decent Apple store in town.

    BTW why Amexican are always so obsessed to compare American with Brit accent? or try to imitate them as fools.
    tuenny, calirrrrfornia, yeaaaaa, cool, etc.

    Its that because you are becoming aware that you sound like idiots perhaps?

    No YankeeBobo he is not reading a Shakespeare poem to you, the English is just swearing at you with his cockney accent idiot. ha ha

    Apr 24th, 2013 - 02:23 pm - Link - Report abuse 0
  • Captain Poppy

    I am thinking dumburger is actually a mexican considering his obsession with mexico. dumbo is another that critiques places he has never been,......argentina, Mexico, UK, USA....Canada..........poor dumb bastard. Like an argry guzz

    Apr 24th, 2013 - 06:50 pm - Link - Report abuse 0
  • DanyBerger

    @Captain POOPY

    I’m the obsessed with Mexican and you got like 50m in USAMEX?

    Are you joking ?

    BTW it is always Twenty no Tuenni idiot

    Wassap Chicano?

    Chido

    Apr 25th, 2013 - 01:59 pm - Link - Report abuse 0
  • Captain Poppy

    Yawn.....your humor is more than stoic. But if you believe that.......hey, whatever makes you happy. One day you will experience reality.

    Apr 25th, 2013 - 03:22 pm - Link - Report abuse 0
  • DanyBerger

    @Captain Poopy

    Mit offenen Karten
    http://www.youtube.com/watch?v=Asap75HgFk0

    Wow seems half of you country was taken over.

    May be a culture clash in near future?

    Or Amexication?

    Chido cuate

    Apr 26th, 2013 - 06:22 am - Link - Report abuse 0
  • Captain Poppy

    yawn.....you're such a bore. You you RG/Europeans really are. utube.......when will myspace and twitter come into play...facebook too. The World According toDB, substantiated by ......UTUBE!

    YAAAAAAAAAAAAAAWN! Go back to your European safehaven. You are incapable of validation

    Apr 26th, 2013 - 10:16 am - Link - Report abuse 0

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