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Argentina offers tax amnesty for undeclared dollars and assets in the country and overseas

Wednesday, May 8th 2013 - 09:51 UTC
Full article 110 comments

The administration of President Cristina Fernandez announced the drafting of a bill intended to establish a recovery plan for undeclared assets within the country and abroad in order to strengthen the level of foreign reserves of the Central Bank. The government estimates Argentines hold 160bn dollars outside the financial system in the country and overseas. Read full article

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  • reality check

    Who in their right mind is going to exchange their savings in return for worthless bonds?

    May 08th, 2013 - 10:03 am - Link - Report abuse 0
  • Ayayay

    I don't understand, 4% interest?

    May 08th, 2013 - 10:08 am - Link - Report abuse 0
  • toxictaxitrader2

    Now lets see hold the dollars and risk a tax bill,fine or necessary bribe,
    or buy bonds AND LOSE THE LOT???

    May 08th, 2013 - 10:13 am - Link - Report abuse 0
  • yankeeboy

    How is it legal for a central bank to hold direct retail deposits? They better be careful before someone impounds what little they have left.

    How are these people employed? I wouldn't hire them to wash my car.

    May 08th, 2013 - 10:44 am - Link - Report abuse 0
  • darragh

    I know naff all about economics but even I can see that this is in effect 'money laundering' and who in their right mind would go for it because, I assume, that it can't be done anonymously so therefore the boyoes will know which door to knock on at 4:00am

    May 08th, 2013 - 10:58 am - Link - Report abuse 0
  • Mendoza Canadian

    Government bonds in AR? Wouldn't be worth the paper they are printed on.

    May 08th, 2013 - 11:22 am - Link - Report abuse 0
  • Idlehands

    Alternatively you could build a nice little pyre of dollars in your garden and have a barbecue.

    May 08th, 2013 - 11:24 am - Link - Report abuse 0
  • ElaineB

    There might be a little more to this. Though obviously born out of desperation at dwindling dollar reserves, this money laundering offer is for three months only.

    And there is a list of people not allowed to use the 'amnesty'.

    Am I right that recently the government introduced a rule that anyone with an income over a certain level would be assumed to have a maid and would be taxed accordingly, unless they proved otherwise.

    If they have lists - always ominous - maybe they are going to assume certain people must have dollars hidden away and tax them accordingly.

    Guilty until proven innocent.

    May 08th, 2013 - 11:38 am - Link - Report abuse 0
  • yankeeboy

    I am sure they're pretty close to another forced pesification.

    I hope there isn't anyone stupid enough to have their U$ still in the banks.

    May 08th, 2013 - 11:44 am - Link - Report abuse 0
  • pgerman

    The Argentine Government wants to get the illegal dollars that cannot be laundered in any country. The owners of those dollars will accept the risk, and commissions, of buying Argentine sovereign bonds and selling them to the day since the goal is simply to launder dollars and not make a good investment.

    The bonds would have expired in 2016 when CFK won't be ruling the country so, she will transfer the debt to whoever will inherite the power.

    The big problem is that Argentina is going to turn into a narco-state or tax haven which is another demonstration that there are no U$D 40,000 million in the reserve of the BCRA (DBerger Hey, this is for you).

    The result will be is not only turning Argentina into a narco-state or in a tax haven but the country is going into debt to pay running costs.

    May 08th, 2013 - 11:51 am - Link - Report abuse 0
  • briton

    Apparently the CFK government has ordered all charity boxes to be installed in clubs pubs and bars,
    Or anywhere the public conjugates so they can donate all unwanted dollars to the movement in the publics interest .lol.

    just saying like..

    May 08th, 2013 - 12:05 pm - Link - Report abuse 0
  • manchesterlad

    There you have it, the rogue gallery's answer to capital flight.......legalize money laundering for 3 months to try & get the construction mafia to reinvest in the falling real estate market

    The average man in the street will still keep his dollars under the mattress but it may tempt some of the big boys who are finding it difficult to launder millions of dollars outside the country due to 'source of fund' requirements

    May 08th, 2013 - 12:09 pm - Link - Report abuse 0
  • yankeeboy

    Argentina and its ruling elite better hope the USA doesn't declare it a narco state and stop their wires and travel.

    May 08th, 2013 - 12:17 pm - Link - Report abuse 0
  • JamesS

    my bet is some dollars will surface from el calafate or Nestor's mausoleum and they'll have us believe it was those sensible people who put their hard earn cash in offshore accounts... lying through their a$$ by saying trust us with your money ! yeah right .. the old saying “fool us once shame on you fool us twice shame on us”

    May 08th, 2013 - 01:16 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    @4 “How are these people employed? I wouldn't hire them to wash my car.”

    Don't worry about them. Hire your neighbor's bum son next door to wash your car. And ask your neighbor to hire your bum son to wash his... USA economic powerhouse, lol.

    “80 million Americans ”lost“ forever due to economic incompetence, half of US young adults living at home with parents”

    http://finance.yahoo.com/blogs/daily-ticker/millenials-lost-generation-130643180.html

    “The USA is now in a ”lost decade“ like Japan in the 1990s”

    http://finance.yahoo.com/blogs/daily-ticker/millenials-lost-generation-130643180.html

    May 08th, 2013 - 01:29 pm - Link - Report abuse 0
  • Simon68

    This is THE greatest plan!!!!!!

    If you are a patriotic Argentine and keep your savings in pesos as the “President” suggested, you lose something like 3 to 4% per month through inflation.

    If you are a tax evader and put you savings into dollars in some off shore account and you buy into this plan, you not only don't pay tax on your ill gotten gains, but you are paid 4% interest on your illegal funds!!!!!!!!

    Come to sunny Argentina and get royally fu*ked!!!!!!!!

    May 08th, 2013 - 01:35 pm - Link - Report abuse 0
  • yankeeboy

    15. I have service that washed my car thanks! Maybe we could send the unemployed kids from the USA to cut all the mullets they find in Argentina. There must be some charity that can pay them to do it.

    May 08th, 2013 - 01:44 pm - Link - Report abuse 0
  • ElaineB

    @14 You could be on to something there. It might be hard for the judiciary to start money laundering, corruption and theft charges against the K's gang when everyone is doing it, and the government says it is legal.

    May 08th, 2013 - 01:47 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    I would make them part-time cops so they can go search their classmates kidnapped and locked up for a decade in a basement. Didn't the same thing happen just a few years ago in the USA? What is it with that country and the passion for kidnapping young girls and chaining them down to a ramshackle house 80% of argentines would be ashamed to call a house?

    May 08th, 2013 - 02:05 pm - Link - Report abuse 0
  • yankeeboy

    19. I dunno why don't you ask the the Rg Supreme Court judge that let's his apts be used as brothels for underage Paraguayan and Brailian prostitutes. I'd start there if I were you.

    May 08th, 2013 - 02:14 pm - Link - Report abuse 0
  • Simon68

    19 TroLLey_to_Truth (#)
    May 08th, 2013 - 02:05 pm

    Toby, the kidnappers were (and still are) hispanics, surname Castro!!!!!!!

    May 08th, 2013 - 02:14 pm - Link - Report abuse 0
  • yankeeboy

    10.12/1
    Oh my
    at this rate 11 is going to come and go so fast I may miss it

    no I won't I'm having too much fun watching thir economy and society collapse

    May 08th, 2013 - 02:19 pm - Link - Report abuse 0
  • Simon68

    22 yankeeboy (#)
    May 08th, 2013 - 02:19 pm

    At 11:36 10.15 and 10.19/1!!!!!!!!

    May 08th, 2013 - 02:43 pm - Link - Report abuse 0
  • yankeeboy

    Simon, I hope you don't live on Pesos. This is going to get much worse.

    I told Axel earlier in the year he probably would be making about U$250/mo by the end of the year and now it looks like it may be even less!

    Sorry!

    May 08th, 2013 - 02:51 pm - Link - Report abuse 0
  • Tobers

    @trolley...

    You forgot to mention the report a couple of days ago about the animal that raped and fathered his daughters child in Formosa or some place... Ill give it to you - how you can manage to be so useless all the time in your attempts to prove a point is a talent.

    May 08th, 2013 - 03:20 pm - Link - Report abuse 0
  • Troy Tempest

    Malls
    Hispanic kidnappers
    Chronic denial

    Toby is so easily beaten down when he makes moronic statements.

    :-)

    May 08th, 2013 - 03:23 pm - Link - Report abuse 0
  • ElaineB

    Are we running a book on where the rate will end by close of business today?

    May 08th, 2013 - 03:24 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    @25

    Formosa is Argentina's Mississippi. What do you expect?

    Go to Croydon or Wales and tell me what do you expect...

    May 08th, 2013 - 03:33 pm - Link - Report abuse 0
  • Conqueror

    @27 As of the 12:17 update 10.20 and 10.24/1
    With another 4 hours to go? Don't think so.

    May 08th, 2013 - 03:34 pm - Link - Report abuse 0
  • ElaineB

    10.32/1. Oh, dear.

    May 08th, 2013 - 03:35 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    Oh dear

    http://www.debtbombshell.com/

    May 08th, 2013 - 03:41 pm - Link - Report abuse 0
  • yankeeboy

    I am surprised they're not sending out the AFIP goons to tamp this down.

    I've said for a long time I thought 10/1 was going to be the panic rate.
    and my prediction is just about confirmed

    May 08th, 2013 - 03:47 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    @32

    Was your “thought” before or after your 14/1 by June 2012 prediction?

    May 08th, 2013 - 03:48 pm - Link - Report abuse 0
  • ElaineB

    @33 The government announcing yesterday that they are out of dollars probably was not one of their best ideas.

    May 08th, 2013 - 03:49 pm - Link - Report abuse 0
  • yankeeboy

    Toby, you must be hanging on to the delusional world you have created by the slightest thread.
    It must be hard for you to finally realize the truth after the years of lies you've been told.
    I wonder if you'll see some of the dumb or dumber “economic advisors” have to leave the country rather suddenly?

    May 08th, 2013 - 03:53 pm - Link - Report abuse 0
  • Anglotino

    10.34 is just getting ridiculous.

    Didn't it just past 9.00 a couple of days ago?

    So is it 100% higher than the government mandated rate or is that 10.42?

    May 08th, 2013 - 03:56 pm - Link - Report abuse 0
  • yankeeboy

    Elaine, I would rather bet on how many Presidents they'll have when CFK flees.
    Was it 5 or 6 in a week last time?
    I can't remember

    un pais en serio

    May 08th, 2013 - 03:59 pm - Link - Report abuse 0
  • andy65

    The Falkland Islands new airline taking reservations for those wanting to leave Argentina in a hurry

    https://www.facebook.com/photo.php?fbid=207602259361517&set=pb.153826968072380.-2207520000.1368028702.&type=3&theater

    May 08th, 2013 - 04:02 pm - Link - Report abuse 0
  • Troy Tempest

    Toby

    Doing your best to deflect, sorry.

    You are way off-topic.
    @28TTT
    “@25

    ”Formosa is Argentina's Mississippi. What do you expect?“

    So, that behaviour is to be excused???
    Because it is expected ???

    The kidnappings in Cleveland were, OF Hispanics, BY Hispanics, also in a 'bad area'.

    Sounds like the same as Argentina.

    Is it acceptable in either place?
    No, obviously not!!

    So much for that fruitless diversion.

    It has NOTHING to do with this article. Nothing.

    This article is about CFK trying by desperate and unethical means, to shore up the country's failing $ reserves.

    The Peso is visibly dropping, daily!!

    Your response, ”but look at US debt!“

    It has nothing to do with US debt, except of course, that you borrowed $100b from them and have refused to pay it back. Now you are being dragged to court, kicking and screaming”it's not fair”.

    Back on topic now...

    May 08th, 2013 - 04:11 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    @39

    Oh so it was the “hispanics” now. lol... Give me 5 minutes I will bring all the mass shootings in the last three years in the USA and their “hispanic” names.

    May 08th, 2013 - 04:26 pm - Link - Report abuse 0
  • reality check

    Better still give him twenty and she/he might come back with something on this topic, but I am not holding my breath!

    May 08th, 2013 - 04:31 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    And once again, you tossers have taken a free ride on the TroLLey_to_Truth. Enjoy the ride!

    http://www.youtube.com/watch?v=LMu1JHulUUE

    哈哈哈 哈哈哈 哈哈哈 !

    May 08th, 2013 - 04:33 pm - Link - Report abuse 0
  • mollymauk

    I like the line in the original article about “offshore fiscal HEAVENS” - those havens are certainly heavens compared to where they are suggesting the money should be transferred..................

    May 08th, 2013 - 04:34 pm - Link - Report abuse 0
  • yankeeboy

    10.44
    Holy crap

    Will we see 11 today?
    Maybe

    May 08th, 2013 - 04:40 pm - Link - Report abuse 0
  • ElaineB

    How many hours of trading left? It seems to be picking up pace.

    May 08th, 2013 - 04:45 pm - Link - Report abuse 0
  • mollymauk

    “Will we see 11 today?”

    Maybe it has reached a tipping point and is now going exponential.......

    May 08th, 2013 - 04:47 pm - Link - Report abuse 0
  • commonsparrow

    Dump that peso and do like Ecuador. Nothing is perfect. Dollarize now.

    May 08th, 2013 - 04:49 pm - Link - Report abuse 0
  • Simon68

    13:42 10.45 10.50/1!!!!!!!!!

    May 08th, 2013 - 04:51 pm - Link - Report abuse 0
  • CJvR

    Not quite free fall, but getting there. No one will sell now unless they have to and buyers will only get more desperate as the blue $$ ticks away to infinity.

    May 08th, 2013 - 05:01 pm - Link - Report abuse 0
  • Biguggy

    @44 yankeeboy

    I would give it slightly less than even odds, at the moment that is!

    May 08th, 2013 - 05:02 pm - Link - Report abuse 0
  • ChrisR

    10.50

    Even holier crap!

    I must admit I haven't had so much fun since Putridjelli tried to blame the sinking of the ship in port on 'sabotage'!

    May 08th, 2013 - 05:11 pm - Link - Report abuse 0
  • Ayayay

    :O !!
    @34 Elaine, good point.
    @17, Yankeeb, lol point.

    May 08th, 2013 - 05:17 pm - Link - Report abuse 0
  • ArmitageShanks

    Brilliant! Another opportunity for the friends of K to declare all that they have, and they are exempt from having to declare where the cash came from. This all stems from the money that was paid to contractors since the time of Nestor. They can now clean it nicely, and cannot be prosecuted over anything they declare. And, the 4% sweetener is just lovely. What an amazing country. Always something to keep things exciting.

    Now, how do I get my piece of the pie?

    May 08th, 2013 - 05:23 pm - Link - Report abuse 0
  • andy65

    @ TroLLey_to_Truth So who are you blaming for this mess? when are you going to man up and condemn Kirchner she is flushing Argentina down the toilet good and proper don't you agree??

    May 08th, 2013 - 05:24 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    Mendoza produces real goods with added value from fine wines to organics to hydro technologies to turbines to small aircraft, and has tourism which is always a boost, with the ski resorts, the wineries, and the regional shopping malls and downtown artesans. We produce most of the nations mineral water and are headquaters to some of the largest supermarket companies. And we have oil. And we have untapped mineral wealth. We are fine. We ain't Formosa.

    May 08th, 2013 - 05:38 pm - Link - Report abuse 0
  • yankeeboy

    I wonder how many rolls of toilet paper they'll want for a nice hotel room in BA?

    May 08th, 2013 - 05:38 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    I see toilet paper is very important in the USA, 0f course with all those fat slobs eating the world's worst and unhealthiest foods, half the population outright obese, a lack of toilet paper would entail the end of your “civilization”.

    May 08th, 2013 - 05:43 pm - Link - Report abuse 0
  • CJvR

    @51 “I must admit I haven't had so much fun since Putridjelli tried to blame the sinking of the ship in port on 'sabotage'!”

    While watching KFC fly her economic policy into the ground, crash and burn, is rather amusing lets not forget that there are 40 million people in the plane with her who's futures are spiraling down the toilet as we watch.

    May 08th, 2013 - 05:45 pm - Link - Report abuse 0
  • yankeeboy

    Oh no we have plenty, but since you have to import it I think you should probably start keeping a leaf supply handy.

    I hear diapers are in very short suppy too
    Cancer meds
    HIV meds
    Medical gloves
    syringes

    let's not forget fuel, I think that is why dumb and dumber had the meeting yesterday

    all paid in U$
    Rut ro

    May 08th, 2013 - 05:46 pm - Link - Report abuse 0
  • ElaineB

    @58 I think the majority will survive and have a better future without her. JMO

    May 08th, 2013 - 05:53 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    @59

    What a fool you are. You have NOT A CLUE about economics.

    I could explain to a monkey that supply and demand can be warped in two major ways:

    The supply could be underpriced, which creates artificial demand leading to shortages because of low incentives to produce.

    The supply is overpriced for the average income earner, which creates artificial abundance of a product by shutting out most of the consumers.

    In the USA there are no “shortages” because only 10% of the population can afford any of the top drugs and treatments. The 90% remaining are basically priced out and told to stuff it.

    Your country is a laughing stock in terms of healthcare, and I know I know “presidents and kings go to the USA for treatment”... of course they do.

    You just proved my point: your “abundant” supply is due to the fact the vast majority can't even dream of a proper cancer treatment.

    The end result is the same.

    But alas, you are not a monkey so I won't waste my time going further.

    May 08th, 2013 - 05:58 pm - Link - Report abuse 0
  • andy65

    @TroLLey_to_Truth Is this the same Mendoza you keep talking about?? not quite the image you would have us all believe

    “Con-men have been known to rob tourists while an accomplice pretends to help remove ketchup or mustard that has been ‘accidentally’ sprayed on them. There have also been reports of thieves posing as hotel guests and snatching bags while tourists are checking into hotels or hostels. Another common tactic is slitting handbags in crowded places and snatching mobile phones while they are being used.

    Passport thefts are common especially in Buenos Aires and Mendoza. Leave your passport in a hotel safe or security box and keep a photocopy of the details page with you at all times.

    Kidnappings and so called ‘express kidnappings’ occur in Argentina. Victims are normally held while criminals empty their bank accounts with cash cards. Once the ransom is paid the victim is usually quickly released. It is common for thefts to take place when withdrawing cash from ATMs. ”

    May 08th, 2013 - 05:59 pm - Link - Report abuse 0
  • ElaineB

    @58 I think the majority will survive and have a better future without her. JMO

    May 08th, 2013 - 06:04 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    I don't remember the last time there was any kidnapping at a Mendoza ATM.

    Try again... Next time I would not so readily post information supplied by an enemy (the UK). Enemies tend to be “inventive” with the truth about their foe.

    May 08th, 2013 - 06:05 pm - Link - Report abuse 0
  • andy65

    @ TroLLey_to_Truth Before you start spouting of about health care perhaps you should note the following rankings made by TWHO

    United Kingdom rank 18

    United States rank 37

    Argentina rank 75

    I think those figures say it all

    http://thepatientfactor.com/canadian-health-care-information/world-health-organizations-ranking-of-the-worlds-health-systems/

    May 08th, 2013 - 06:07 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    If Argentina is 45 in wealth being 75 in health care (in a report done by the UN which is ANTI-ARGENTINE), then imagine how scandalous it is that the USA which Yankeeboy claims is the richest nation (i.e. #1), is 37th in HEALTHCARE!!!!

    That is far more damning than anything. UK's 18th spot is also rather lugubrious.

    May 08th, 2013 - 06:18 pm - Link - Report abuse 0
  • andy65

    @TroLLey_to_Truth If the UN is anti Argentine then why does Crissy keep sending Hector ?? seems she's making a fool of herself AGAIN,the point about healthcare is how bad Argentina is ranked 75 very bad look at those lovely Caribbean Islands ranked much higher better to fall ill in USA or UK but def not in Argentina

    ARGENTINA ALWAYS THE VICTIM

    May 08th, 2013 - 06:24 pm - Link - Report abuse 0
  • ChrisR

    Uruguay rank 65

    Given personal experience of the system I am somewhat surprised. Both my wife and I think the system works well and much better than the service we got in the UK.

    This is borne out by the disgraceful treatment one of our dear friends has had in the last few weeks in Stoke On Trent General. Absolute MILLIONS spent on it, all the latest scanners and STILL held to ransom by the unions and piss-poor management.

    The NHS is way beyond mending. They need to privatise it but with a system like here. It costs us a tiny fraction of what we paid in the UK.

    May 08th, 2013 - 06:48 pm - Link - Report abuse 0
  • briton

    In fact,
    CFK treats the UN like their very own sugar daddy-

    And the UN treats CFK like their very own unwanted but tolerated delinquent child.
    Mmmmmmmm
    That abt sums it up we thinks .lol.

    May 08th, 2013 - 06:49 pm - Link - Report abuse 0
  • cornelius

    Know that the corrupt government officials have hoarded all the dollars in the blue market they are going for legalization , this was the plan all along CFK is a delinquent Argentineans do not have the ball's to get her out.

    May 08th, 2013 - 07:11 pm - Link - Report abuse 0
  • yankeeboy

    Rumor is the peso is going to go to 3x gov't price before there is a breather.
    just a rumor mind you
    but it has some legs
    look at her go!

    May 08th, 2013 - 07:20 pm - Link - Report abuse 0
  • Brit Bob

    http://seekingalpha.com/article/1413601-argentina-another-peso-devaluation-imminent

    May 08th, 2013 - 07:20 pm - Link - Report abuse 0
  • andy65

    @ChrisR ,The NHS is the 4th biggest organisation in the world. 1.3 million people work in the service. The NHS has a budget of £100 billion and millions of people are treated and supported by the service every year. I am type 2 diabetic and receive EXCELLENT service ofcourse an organisation that size is going to get some problems but over all it's a world beater

    May 08th, 2013 - 07:21 pm - Link - Report abuse 0
  • Clyde15

    #68
    Maybe your friend was just unlucky. Both my wife and I have had treatment for various troubles including chemotherapy and have nothing but praise for the treatment and speed in which it was delivered. Consultant seen on a Friday, admitted Sunday , operated Monday. Regular clinics thereafter and drugs supplied free. Standard of post operative care excellent.
    Could be that the standard in Scotland is better than that in England. My son-in -law is a consultant in Edinburgh and he preferred to take up the post there rather than accept many offers he had from English Health Boards.
    The Health Service has been a football with all political parties
    and all they want to see is targets met, which does not equate with good treatment.
    I think comparing the provision of health care with that of Uruguay is a bit simplistic. If you can afford private health care you should get the best treatment. If you cannot --TOUGH .

    May 08th, 2013 - 07:22 pm - Link - Report abuse 0
  • yankeeboy

    Oh btw the Doctors and nurses were just striking in BA because the hospitals are no longer sanitary.
    3 days strike
    no surgical gloves
    syringes
    no budget to buy any
    and not enough mfg in the country
    none being imported

    what happens when you need a daily shot of something?
    Reuse the needles I guess
    do they share them too

    that's nice

    and their lack of pay was a whole separate strike

    This is only going to get worse at 11/1 and higher

    May 08th, 2013 - 07:28 pm - Link - Report abuse 0
  • Ayayay

    I am MYSTIFIED. What is the incentive??
    Can someone explain?

    *Isn't 4% interest way below even the fake inflation rate? Don't gov bonds pay above the rate?

    *If anyone gives them the money, then they have to ask AFIP for permission to use it?

    *And are they converting it to ...pesos?
    I truly don't understand this, it's like reading in kanji.

    May 08th, 2013 - 07:36 pm - Link - Report abuse 0
  • andy65

    @ yankeeboy Are you sure? TroLLey_to_Truth paints a completely different picture of paradise LOL

    May 08th, 2013 - 07:37 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    Worry about your country, last time I checked it was steel full steam ahead towards the financial cliff, downgraded, and still threatened with breaking up politically.

    May 08th, 2013 - 07:41 pm - Link - Report abuse 0
  • Baked_spud

    A friend recently came off his bike in Mendoza and sliced and broke one of his fingers. After waiting 3 hours he was seen by a doctor and told to go to the pharmacy next door and buy the anaesthetic and nylon needed to sew it back together. The first pharmacy was closed for siesta so he had to ride his damaged bike with a broken finger to the next one which was luckily open. So to cut a long story short, after 7 hours he was able to leave.

    The real damge with the economy is being done to the next generation who are going to be saddled with debts for decades. What an arrogant and selfish way to govern. It is like one big economics thesis being tried out on the population.

    May 08th, 2013 - 07:43 pm - Link - Report abuse 0
  • andy65

    @TroLLey_to_Truth but the markets have the UK as VERY STABLE now what's Argentina's financial status classed at JUNK

    May 08th, 2013 - 07:48 pm - Link - Report abuse 0
  • yankeeboy

    I'm not worreid about either country. I know I will never have to use the filthy disgusting hopitals in Argentina.
    I also know if I have to go to the hospital here it is the same one Royalty from Europe or Mid East and former USA Presidents use.
    I'm fine with that.

    May 08th, 2013 - 07:48 pm - Link - Report abuse 0
  • andy65

    @ TroLLey_to_Truth the sooner you people admit and accept that both the one eyed Kirchner and his wife the Botox Queen have raped and pillaged Argentina and sent it down the toilet pan the sooner you can put yourself on the road to recovery.

    May 08th, 2013 - 07:54 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    @79

    Typical tourist who uses the Central Hospital no doubt. You do get what you pay for. So many tourists go to the Hospital Central because it's free.

    @81

    I'm not worried either, you are too full of pride to realize the mess your country is leaving for your children, that is if you can find any female to father them. To actually believe you have the same medical access as your government officials do, lol, that's blind patriotism right there.

    @80

    Argentina does not want to be part of the current economic system, so to us those clasiffications are JUNK. Who cares when we don't want to be part of such a filthy corrupt system that is sinking Europe and the USA and others as we speak?

    May 08th, 2013 - 08:01 pm - Link - Report abuse 0
  • andy65

    “we don't want to be part of such a filthy corrupt system that is sinking Europe and the USA and others as we speak”

    ARE YOU FOR REAL??? LOL you could not make it up with what you come out with So tell us how The Argentine alternative works

    May 08th, 2013 - 08:08 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    Poor but free is better than poor but enslaved, which is where you are going with 1.2 trillion pounds debt and rising.

    May 08th, 2013 - 08:14 pm - Link - Report abuse 0
  • andy65

    As I said tell us all about This SUCCESSFUL Argentine alternative and I will start worrying when like Argentina we refuse to pay our debts

    May 08th, 2013 - 08:17 pm - Link - Report abuse 0
  • Baked_spud

    #83
    Wrong. It was a private hospital. That's how bad things are.

    “You do get what you pay for.”

    So you are not a believer in equality for all. Are you an elitist?

    May 08th, 2013 - 08:19 pm - Link - Report abuse 0
  • commonsparrow

    The successful argentine alternative can be found in this recent mercopress article where the central bank chief Mercedes Marco del Pont says printing money does not cause inflation and she is so confident that she is going to remove economist Milton Friedman's pictures from her hall. That should make one feel real safe.
    http://en.mercopress.com/2012/03/26/printing-money-does-not-lead-to-inflation-argues-argentine-central-bank-president

    May 08th, 2013 - 08:23 pm - Link - Report abuse 0
  • TroLLey_to_Truth

    @87

    Sure, is it not a bit suspect when every single person here has had only 100% negative experiences in Argentina?

    Is there such a thing as 100% perfection or (lack) of perfection in this universe?

    The odds are very small. So I weigh my bets on the side of the rest of you here being a bunch canard-throwers.

    May 08th, 2013 - 08:33 pm - Link - Report abuse 0
  • Baked_spud

    #89
    No wrong again. I have great affection for this country as do other posters here.
    Is this tax amnesty akin to looking for dollars between the cushions of the sofa?

    May 08th, 2013 - 08:44 pm - Link - Report abuse 0
  • yankeeboy

    Toby, You have no idea what the USA is like and at 11/1 you never will.
    Sad little boy
    I'll bring you some toilet paper next time I go to Argentina

    May 08th, 2013 - 08:49 pm - Link - Report abuse 0
  • andy65

    @TroLLey_to_Truth It's not the country or most of it's people it's the vindictive bitch that runs it that we despise

    May 08th, 2013 - 08:52 pm - Link - Report abuse 0
  • Stevie

    Great, now you lot defend tax evaders...

    What is it?

    Lack of morals?

    Defending your own interests?

    Or both?

    May 08th, 2013 - 08:57 pm - Link - Report abuse 0
  • andy65

    @Stevie She's back

    May 08th, 2013 - 08:59 pm - Link - Report abuse 0
  • reality check

    What? You mean the ordinary Argentine people? trying to keep their hard earned living from the hands of Robbing Hood and Mad Marrion!

    You heard of them, the Argentine version of the English legend only with a slight twist, that lot steal from the poor and give to the rich.

    May 08th, 2013 - 09:07 pm - Link - Report abuse 0
  • Ayayay

    Oh, I see it: dollar bonds. I thought the prez said pesos a great investment?

    May 08th, 2013 - 09:11 pm - Link - Report abuse 0
  • andy65

    I can not take it anymore those Brits and Americans on Mercopress are so cruel

    https://www.facebook.com/photo.php?fbid=232153786906364&set=a.153884011400009.31266.153826968072380&type=1&ref=nf

    May 08th, 2013 - 09:29 pm - Link - Report abuse 0
  • CJvR

    @88

    Perhaps they should give Mugabe a call and check how that hypothesis worked out...

    May 08th, 2013 - 09:56 pm - Link - Report abuse 0
  • Captain Poppy

    “Sure, is it not a bit suspect when every single person here has had only 100% negative experiences in Argentina? ”

    If it helps your fragile mind, I can't really say I've had negative experiences during my trips aside from cabbies.....or watching the so called news.

    As for the tax amnesty......it's right up there with the whitewash bonds. Anyone that falls for this trap deserves what the government will do to them. Desperate I say........what are the real reserves? The new trade figures must have shook them ton the core.

    May 08th, 2013 - 10:50 pm - Link - Report abuse 0
  • LEPRecon

    It looks like CFK is going to stop the adverse press any way she can:

    http://www.buenosairesherald.com/article/130737/papel-prensa-seizure-kirchnerism-to-guarantee-paper-supply

    'Apparently' this new theft is to 'guarantee' paper to print newspapers.

    I'm sure all the government controlled media will receive huge amounts of paper, whilst others, such as the Clarin group will no doubt be told that there isn't enough.

    May 13th, 2013 - 11:33 am - Link - Report abuse 0
  • Captain Poppy

    wheres her bullet?

    May 13th, 2013 - 01:46 pm - Link - Report abuse 0
  • ChrisR

    101 Captain Poppy

    They are just trying to raise the dollars to buy a box.

    LOL

    May 13th, 2013 - 03:37 pm - Link - Report abuse 0
  • Captain Poppy

    maybe they ould think in lines of a viking funeral......a cheap skiff and a match

    May 13th, 2013 - 07:04 pm - Link - Report abuse 0
  • ChrisR

    103 Captain Poppy

    Well they had used to put the Queen in the longboat while she was alive and then set fire to it as it was pushed off the shore.

    I could really go for that if it was TMBOA (imagine the screaming then) and perhaps the Trolley Dolly to make it a two for one treat.

    LOLs

    May 13th, 2013 - 10:13 pm - Link - Report abuse 0
  • Captain Poppy

    Sighhhhhhh.....if only! We can wish.

    May 14th, 2013 - 01:33 am - Link - Report abuse 0
  • Troy Tempest

    @104chrisR & @105 Poppy

    ”Well they had used to put the Queen in the longboat while she was alive and then set fire to it as it was pushed off the shore.

    I could really go for that if it was TMBOA (imagine the screaming then) and perhaps the Trolley Dolly to make it a two for one treat.”

    For added excitement (and irony) we could push them more than a little ways off-shore and allow the Argentine Navy to attempt to send a 'Rescue craft' to save them.

    Odds are, it sinks or the engines fail before it reaches them, leaving the “Rescuers” to drift uselessly, within sight of the roasting shrieking harridans on their funeral barge.

    May 14th, 2013 - 04:11 am - Link - Report abuse 0
  • Pete Bog

    @59
    “I hear diapers are in very short suppy too”

    Extremely off post but are there a shortage of 'Pamper' jet trainers?

    May 14th, 2013 - 03:06 pm - Link - Report abuse 0
  • ChrisR

    105 Captain Poppy & 106 Troy Tempest

    You know guys we could make a board (or electronic) game out of what these idiots are doing. Trouble is that it is so far fetched even the avid dungeons and dragons game players would think thay have been taken for a ride, just like the reasonable element in the argie population. LOLs

    May 14th, 2013 - 05:47 pm - Link - Report abuse 0
  • Captain Poppy

    Troy I love the Naval rescue concept......lol

    May 14th, 2013 - 07:16 pm - Link - Report abuse 0
  • Troy Tempest

    Chris and Poppy

    When they come to mind, I like to share these things with an appreciative audience.

    Chris,

    Re. Hydrogen Fuel Cell Cars

    Perhaps, as in our previous discussion on the other thread, Mercedes could “launch” their new product in Argentina

    ...with CFK inside!!

    :-D

    May 14th, 2013 - 10:11 pm - Link - Report abuse 0

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