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Uruguay Vice-president concerned Royal Bank of Canada is leaving the country

Wednesday, August 21st 2013 - 01:35 UTC
Full article 26 comments

Vice-president Danilo Astori said he was surprised at the way events unfolded ending with the decision from the Royal Bank of Canada of leaving Uruguay, but also concerned about the international impact of such a move, triggered by a ‘disorderly’ raid in its offices. Read full article

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  • Britworker

    Well if you do business in the jungle you have to live by jungle rules, if you don't like it leave, hence the fact they are.

    Aug 21st, 2013 - 02:40 am - Link - Report abuse 0
  • Pirate Love

    The price Uruguay will pay for bowing to the Argentine Mafia.....Not satisfied with shafting her own country KFC is now frantically clawing at other regions in a vein attempt to stay afloat.

    Aug 21st, 2013 - 05:17 am - Link - Report abuse 0
  • Biguggy

    How many branches does RBC have in Argentina?
    Looks like they intend to keep it that way.

    Aug 21st, 2013 - 05:42 am - Link - Report abuse 0
  • ChrisR

    So Stevie's comment about a fine for money laundering was, as usual, bollocks. Either he knew it was bollocks or he didn't understand what was going on.

    ”In effect in December 2008 the Royal Bank of Canada was fined the equivalent of 650.000 dollars for omissions in the implementation of the ‘integral scheme to prevent asset laundering and funding terrorism’, particularly referred to not reporting ‘suspicious operations’.”

    So, FIVE years ago the bank omitted to tip off the Central Bank about “suspicious operations”. ALL the banks in the scheme have to decide for themselves what is “suspicious” and if they get it wrong they get fined.

    Sounds like a money laundering business from the banks hold ROU Bank Licences into the coffers of the Central Bank OF THE ROU! So, if they were so bad why not remove their licence? Wouldn’t be able to fine them for nothing though would they?

    No wonder when this latest fiasco happened the bank decided enough was enough.

    “comments by other ‘official sources’ arguing that the fact that the bank is leaving is no tragedy,”, these comments I am SURE will have been made by the commie mates of the twat Pepe, the ones he stuffed into government jobs but otherwise would be unemployable. How else can they justify this quasi-legal act?

    AND the Prosecutor was 15 minutes late which in Uruguay is still on-time, and I kid you not, but the raid went ahead as if they were “acting for the television cameras”.

    Why is it that this lovely country is run by a bunch of children? Commie (sorry Steve, they ARE commies) children at that. These Marxist children are now upset that THEY are being criticise by the Uruguayan Association of Banks. I think thirty lashes on their backsides with a leather belt would help bring these stupid, stupid people to their senses.

    Aug 21st, 2013 - 08:29 am - Link - Report abuse 0
  • yankeeboy

    Without International banks Uruguay would collapse
    Pepe is the worst President
    Someone should take him out to pasture.

    Aug 21st, 2013 - 08:39 am - Link - Report abuse 0
  • Conqueror

    @5 How about to the abattoir!

    Aug 21st, 2013 - 10:49 am - Link - Report abuse 0
  • ChrisR

    Abatoir is out, they only let healthy animals in Uruguayan abatoirs.

    Aug 21st, 2013 - 11:53 am - Link - Report abuse 0
  • reality check

    RBC have been in Uruguay since 1919, about half the time that Uruguay has been an independent nation and they are not concerned that RBC is pulling out.

    You know what that smells of, something that Uruguay has an abundance of and falls out of the back end of a bull!!!!!

    Aug 21st, 2013 - 03:27 pm - Link - Report abuse 0
  • Stevie

    Chris, old friend.
    I think I told you they got fined... Didn't I tell you?
    I'm sure I did...

    And by they way, grumpy. The fact that the bank is leaving, is no tragedy.

    ;)

    Aug 21st, 2013 - 06:15 pm - Link - Report abuse 0
  • redp0ll

    Ok Chris. Elections are still 14 months away and by that time you will have your cityzenship so who are your candidates? Regardless of party of course. Who are the best men and women fitted for the job of running the country? IMO if Vasquez goes forward with a canditure he will win at a canter. I dont agree with all of his political ideas but I think he is a pragmatist in the art of can-do and a patriot. Economy? Astori? Getting a bit long in the tooth. Sendic perhaps? In spite of the name he seems to be doing a good job running the octopus that is Ancap. Agriculture? Aguerre is doing a damn good job but he has a few health problems so who? Transport this one rally needs sorting and the rail network resusitated. This sector cannot be held to ransom by 1,015 old union buffers who resists any typeof modernization or change
    Ministries of Interior , Health, Social Security .... any ideas?

    Aug 21st, 2013 - 06:26 pm - Link - Report abuse 0
  • ChrisR

    10 redp0ll

    I don’t think you are Redpoll!

    I think you are Stevie (or someone else) who has hijacked Redpoll’s tag, so until the REAL Redpoll posts I will keep my answer to myself.

    Aug 22nd, 2013 - 10:04 am - Link - Report abuse 0
  • Stevie

    That's too bad Chris, because redpoll makes a really fair point.
    All you do is complaint, but you never present any alternatives.
    And by the way, I would never speak about Sendic like redpoll...

    Aug 22nd, 2013 - 03:31 pm - Link - Report abuse 0
  • redp0ll

    Oh deearie me, woe is me! Little Red Riding Hood has been finally unmasked and de frocked by Big Bad Wolf Chris who is now pursuing the poor wee waif through the forest while red poll looks on with amusement. You can have that disguise if you want it Stevie though its a bit tattered!

    Aug 22nd, 2013 - 07:10 pm - Link - Report abuse 0
  • Stevie

    I'm not sure I fully understand what you have going on here redpoll, but I'm quite sure I can manage without one of your multiple faces, so just keep it, thank you very mucho.

    If that post above isn't yours, which I must admit sounds very likely, maybe you could answer it yourself...

    Aug 22nd, 2013 - 08:01 pm - Link - Report abuse 0
  • redp0ll

    @14 Just a rather warped sense of humour on my part
    So I will put the question to you also
    Who would you like to see in adeal next government?

    Aug 22nd, 2013 - 09:06 pm - Link - Report abuse 0
  • Stevie

    That one is easy.
    Mariana Mota or Constanza Moreira for head of state.
    Possible rocade in the Ministeries, but Sendic for sure, and Rosadilla.
    I'd let some of the socialist in too, they've proved themselves to be a great asset in the economical part (Astori, Vazquez)

    Now, you tell me...

    Aug 23rd, 2013 - 02:13 pm - Link - Report abuse 0
  • ChrisR

    @ 12 Stevie

    You are clearly reading my posts through heavily darkened glasses if all you think I do is “complaint”, perhaps it’s the fact that you do not LIKE my sensible, real world solutions!

    BTW did you not see that Redp0ll used a ZERO for the “o”!

    Not sure Sendic is at all suitable for the job at ANCAP, he has done nothing about the piss poor (even by Uruguayo standards) so called customer service and has not reduced petrol and diesel prices even with the background of falling “spot prices”. Perhaps your mate Pepe is raiding it to replace the cock-up money that came out of Pluna.

    BTW you did not tell me that the RBC had been fined, you STATED that they were guilty of money laundering and had been fined for that,. That was UNTRUE, they fell foul of your commie (sorry – socialist) mates in the government deciding they had not reported something they should have reported but the government had not told them beforehand what it was. Another fuck-up by Pepe’s mates!

    Pepe’s government is getting more like this lot by the minute:
    http://www.youtube.com/watch?v=kQFKtI6gn9Y

    Still he will be out on his ear soon, but it won’t matter to you will it, you still live in Sweden.

    Aug 23rd, 2013 - 04:28 pm - Link - Report abuse 0
  • Stevie

    So, with all that, you're saying you have no clue, right Chris?
    Because I never got your candidates...

    And why do you need my adress? If you so dearly with for it to be in Swedn, I'm nobody to deny you that joy. Turkey has about the same effect. The country, that is...

    Aug 23rd, 2013 - 05:52 pm - Link - Report abuse 0
  • ChrisR

    18 Stevie

    As long as Vasquez gets in, even with all his faults like allowing his demented RCC wife the run of the governments abortion policy (now fixed) and stating cocaine should be legalised he is still head and shoulders over the competition.

    VP - anybody but the Pepe / Toplinsky duo but somebody capable of chopping the fiscal drag by cutting the government hangers on and the over staffing, perhaps converting them into useful productive workers would be an excellent choice.

    But it won’t happen because of all the political palm greasing that goes on when you have fractured parties joining together to “rule” as they do here.

    Aug 24th, 2013 - 07:34 am - Link - Report abuse 0
  • Stevie

    Sorry Chris, Anyonelsebut Perez is not eligible this time.
    You'll have to do better than that...

    Aug 24th, 2013 - 09:48 am - Link - Report abuse 0
  • ChrisR

    @ 20 Stevie

    Yes, I realise I am an utter disappointment to you, living as I do in Uruguay, loving the place and paying all the taxes that I am due, on time and without spreading them over the year.

    But you have been born here, even though you can no longer live here if you want your wife with you that is, and consider it amusing that I am, at the age of 67, failing to do in less than 29 months what it took you 30 years to do.

    Yes I am an abject failure, I see that now.

    (YES, I am taking the piss).

    BTW Pepe has SAID he wants to be VP, so he is wrong again!

    Aug 24th, 2013 - 12:48 pm - Link - Report abuse 0
  • Stevie

    All that fishing deserves a reward. 35.
    And wife is Uruguaya...

    ;)

    Aug 24th, 2013 - 06:35 pm - Link - Report abuse 0
  • ChrisR

    @ 22 Stevie

    But I bet she likes living in Sweden though with the european lifestyle, better prospects for the kids and all the lovely shops with your oil industry wages off the PSV, and who can blame her?

    Go on, you can admit it! :o)

    Aug 25th, 2013 - 08:58 am - Link - Report abuse 0
  • Stevie

    Well Chris, I never did it for the money anyway. And yes, she is an expensive lady.

    Although moldable...

    Aug 25th, 2013 - 04:09 pm - Link - Report abuse 0
  • ChrisR

    24 Stevie
    “Although moldable...”

    I think you had better stop there before you get into REAL trouble. :o)

    Aug 26th, 2013 - 08:25 am - Link - Report abuse 0
  • Stevie

    Hahaha Chris

    Luckily, she's not reading these threads, so I can be the man of my dreams...

    :)

    Aug 26th, 2013 - 10:42 am - Link - Report abuse 0

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