MercoPress. South Atlantic News Agency
Argentina defiant of bonds‘case latest ruling: ‘they want to take us back to 2001’
Argentine Economy minister Hernán Lorenzino said that the New York appeals court ruling supporting Judge Thomas Griesa decision in favour of paying the hedge funds the 1.3bn dollars they are demanding, was an “attempt to take the country back to 2001”. Read full article
Comments
Disclaimer & comment rulesHere we go again, blaming others, get your head out of your a***e and sort out the economy, or maybe it is too late. The people I feel sorry for are the poor, which by all accounts is a growing sector as we speak. You got into this mess, now get out of it. Pay the US$ 1.3 billion, the US$ 93 billion you defaulted on is now worth US$ 400 billion ( assuming inflation of aprox 15% )If the government ministers put their hands in their pockets they could propably pay that.
Aug 26th, 2013 - 04:14 am - Link - Report abuse 0$1.3 billion? Piffle. The UK could pay thus out of small change.
Aug 26th, 2013 - 04:26 am - Link - Report abuse 0Hey Argies we could pay it out of the tax for the oil around the Falklands.
Want some? Tough. You NOT having any lol
Argetnitna complaining about some one wanting to take them back to 2001. Well unless it's the falklands, then we can go back to 1833 but no further.....
Aug 26th, 2013 - 04:31 am - Link - Report abuse 0@ 3
Aug 26th, 2013 - 04:43 am - Link - Report abuse 0Correct, but you have to understand there is no future, they have no Economic Policy going forward. The poor will only get poorer and riots and strikes will begin. Mind you , fair play, there does not seem to have a credible opposition do they?
Yes - New Yorkers really want to relive 2001. Is there no beginning to Argentine diplomacy?
Aug 26th, 2013 - 04:46 am - Link - Report abuse 0Think, weren't you telling us not so long ago about Argentina's massive foreign reserves? Why not just pay up and start to build a new reputation different from the “uniquely recalcitrant debtor” one?
If they take them back to 2001 Think's whiskey supplies will unmature!
Aug 26th, 2013 - 06:01 am - Link - Report abuse 0You're wrong, Herman. All you have to do is PAY YOUR DEBTS. If it takes you back to 2001, it's because you've been spending the money you should have been using to pay off the debt. But “We will carry on paying as we have done up until now, with the same terms,” Really? I wonder if you understand what could happen to you? How about a complete embargo? Severance of all diplomatic relations? All exported goods seized? Expulsion from all international organisations? An air and sea blockade? Seizure of all sovereign assets abroad? Step-by-step or all at once.
Aug 26th, 2013 - 06:38 am - Link - Report abuse 0”Lorenzino claimed that there were sectors of Argentine society “who want Argentina to become indebted once more to see our people on their knees again, but they will not succeed.”
Aug 26th, 2013 - 07:43 am - Link - Report abuse 0Blaming their own. They were always going to turn on each other when they failed and I have no doubt they will be blaming anyone in opposition to the Ks.
“If Cristina (Fernández de Kirchner) does not change the direction of her administration she will have to leave the government,” said lawmaker Jorge Yoma, a former Kirchnerite who is now a dissident Peronist.
Aug 26th, 2013 - 08:29 am - Link - Report abuse 0Interesting quote.
http://www.buenosairesherald.com/article/139260/antik-leaders-president-may-not-end-term
“If she doesn’t make any changes, neither (Buenos Aires province Governor Daniel) Scioli nor Peronism will be able to sustain her” until the next presidential elections, Yoma added — implying the head of state may need to resign before the end of her constitutional term.
By the time this bunch are finished with all the graft they will be back to 1982 only this time it will be civil war.
Aug 26th, 2013 - 08:30 am - Link - Report abuse 0Last time I was there RGland reminded me of 1981! And, the villas reminded me of the shanty towns in Nairobi.. When the ballon finally goes up its going to get very messy. There can only be so many Cartoneros!
Aug 26th, 2013 - 08:46 am - Link - Report abuse 0“... Lorenzino claimed that there were sectors of Argentine society “who want Argentina to become indebted once more to see our people on their knees again, but they will not succeed.”...”
Aug 26th, 2013 - 09:18 am - Link - Report abuse 0As usual the kirchnerite plague has to raise up a new “enemy”!!!!!!!!!
Hernancito, which sectors of Argentine society would profit from this????????
Presumably you are talking about Magnetto and the Claín Group, but if the people are on their knees, dead broke and begging, where do they get the money to pay for a newspaper or to pay for cable TV?????????
Once more the kirchnerite plague talking absolute rubbish!!!!!!!!!
@8
Aug 26th, 2013 - 10:28 am - Link - Report abuse 0Gotcha, you are one despicable person.
For OVER A YEAR, you have been stating “Argentines should blame themselves, and not others”, and as soon as a hint that they do, you immediately call the event “turning on their own”.
Now you understand why I WILL ALWAYS BLAME YOU, FOREIGNER, and never an Argentina. You are the scourge, you are the racist one, you are the one who sees Argentines as scum, as cockroaches, as things to condemn no matter what they do.
When they don't do what you want them to do, you insult them. When they do what you want them to do, you find another way to insult them.
You would make me sick, if you were actually worthy of any esteem.
People seem to forget that the ks stole about u$20b a year from nationalized companies to keep the economy afloat. All of that is gone , it can't be stolen twice.
Aug 26th, 2013 - 10:52 am - Link - Report abuse 0This is why I keep saying this imminent crash will make 2001 look like good times.
My guess is the rats will start fleeing the shipin short order. Watch for this as the sign of the beginning of the end.
Argentina owes every penny with interest it borrowed. Each and every one of us has to pay back our borrowings so they should also.
Aug 26th, 2013 - 10:57 am - Link - Report abuse 0Pretty poor show of a minister to go off on stupid rant of other peoples money.
@15
Aug 26th, 2013 - 12:05 pm - Link - Report abuse 0Keep dreaming. It just won't happen. When we can pay, we won't. And when we can't pay, we default.
And so it will go on for centuries if need be. But I doubt in 10 years it will matter as most bondholders will be dead, or near death, including Singer.
And.... when you run out of cartons?
Aug 26th, 2013 - 12:14 pm - Link - Report abuse 0Lots more good news on Argentina:
Aug 26th, 2013 - 12:17 pm - Link - Report abuse 0http://www.atfa.org/
God Bless The American Task Force Argentina!
16 The Truth PaTroll
Aug 26th, 2013 - 12:18 pm - Link - Report abuse 0Are you really that stupid not to realise the bonds are a “tradable” commodity and can be left in a will to whoever the deceased wishes.
Unless The Dark Country pays the bondholder off they will ALWAYS OWE THE MONEY!
The more time passes the more people forget.
Aug 26th, 2013 - 12:31 pm - Link - Report abuse 0How often has it occurred that people decades later find out they had certificates, bonds, cash, or stock in things but had completely forgotten?
And then the descendants are just glad if they get anything out of it.
That's what will happen here: the original bond-holders will die, and the descendants won't have the burning hatred of being scorned, so won't pursue half as hard. Many will even forget or not know their ancestors had these bonds, and when they rediscover them will be happy to get pennies out of it instead of nothing.
Time is on Argentina's side, the country that stood of to the Banking Cabal of Earth AND the EU/USA/Mercosur/China/Japan/Ghana/Mexico/Australia ALLIANCE, teh most powerful alliance in world history against ONE country...
AND WON.
@13 LOL! Yes, it is all my fault.
Aug 26th, 2013 - 12:37 pm - Link - Report abuse 0Debts of this magnitude never just go away. Argentina is not in a position to play a long game. People's basic needs are immediate.
Yeah I'm sure U$ Billions will be left unnoticed.
Aug 26th, 2013 - 01:01 pm - Link - Report abuse 0What a ridiculous retard Toby has turned into.
Gads do you think the whole world is as dumb as you are?
@13 You disgusting slug. You borrow money. You refuse to pay it back. and I say that advisedly. You REFUSE to pay it back. And you call someone else “despicable”. I doubt there is any word to describe you properly. “Anal excretion”. “Crap”? “Scum”? “Shit”? “Slime”. “Venereal”? I have no doubt argies need to die.
Aug 26th, 2013 - 01:19 pm - Link - Report abuse 0@16 Until we step in and “take”. Forgotten that that's an option? You shoud read this carefully. http://en.wikipedia.org/wiki/Sovereign_default
@20 You won't be winning. Savour each breath. It may be your last. Please understand me. I would press the button for a full nuclear strike against your “country” tomorrow. So we can change you from a verbal “nothing” to an actual “nothing”. My only real regret is that I can't actually be on hand to watch you melt and die.
You imbecile tobi ! That's winning.....Argentina is what a country looks like that won?
Aug 26th, 2013 - 01:20 pm - Link - Report abuse 0Inflation over 25%
Massive loss of DFI
Increasing poverty
poorly educated people
Massive strikes every month
Cannot provide fuel for heat and electricity
Antiquated infrastructure
Pervasive political corruption that goes unpunished
The list goes one
WTF does a losing country look like?
I know your response.....everyone else. Grow up tobi and put the water pipe and bong down
Let's be serious for a moment. When Argentina runs out of money where will they get it? Serious question to @20. Unfortunatly the rich countries of this world are going to have to make a decision, are we going to lend money to a country that is pleased to say they are not going a return it, after all they have been bragging about it for along time. I think we all know the answer to that. Hypothetically @20 if you lent me US$ 100,000 and I didn't return it I do not think you would be too happy. What is your reply if any, mind you I am not holding my breath.
Aug 26th, 2013 - 01:21 pm - Link - Report abuse 0@13
Aug 26th, 2013 - 01:32 pm - Link - Report abuse 0”For OVER A YEAR, you have been stating “Argentines should blame themselves, and not others”, and as soon as a hint that they do, you immediately call the event “turning on their own”.
Lorenzino is not blaming his government he is blaming other Argentines-notice he is saying the poor of the Argentine will be hit but I doubt he will suffer.
So the Argentine government is blaming someone else, only this time it is 'other' Argentines who are not responsible.
The buck (should) stop with the ruling government.
@The Truth PaTroll dam you get so nasty just like a tired child having a tantrum
Aug 26th, 2013 - 01:43 pm - Link - Report abuse 0I suspect given time and people will forget Argentina even existed, only in history books, oops depends on who writes the history.
Aug 26th, 2013 - 02:03 pm - Link - Report abuse 0They really don't have any new strategies in their speeches, do they?
Aug 26th, 2013 - 02:13 pm - Link - Report abuse 0At the risk of spamming and entirely off topic....
Aug 26th, 2013 - 02:21 pm - Link - Report abuse 0Have you all seen the Assange election rap video filmed at the Ecuadorean embassy?
He has reached rock bottom.
#20
Aug 26th, 2013 - 03:16 pm - Link - Report abuse 0Have you ?
It's not over until the fat lady sings.
20 The Truth PaTroll
Aug 26th, 2013 - 04:05 pm - Link - Report abuse 0No, you are completely mistaken about “people forget”.
The sons and daughters ot the (mainly Italian bond holders) deceased will never forget the absolute worry that their parents suffered because they TRUSTED your despicable country.
I am a very nice chap I am told, but that is because the people saying that are very nice themselves and they should get treated well in return.
I do however have a really serious attribute which weak people tell me is wrong. When my family get mistreated and abused and then laughed at when they challenge the abusers I must admit it does come out then. I AM a vindictive bastard and NEVER get beaten at these things.
From my childhood I grew up with gangsters but did not become a gangster but when my parents were still alive and had their house robbed and the local police did nothing all it took was a phone call to an old childhood mate who knew my parents and cherished them almost as much as I did. I did make the point that my parents were not to be told what was happening and no one was to die. About two weeks later two 25 – 30 YO scabs turned up with all my parents stuff that they had stolen or brought them new stuff for those items already sold. They had some obvious bruising and both limped. They both said they were sorry and it was a mistake foir them to do it.
My dad guessed what had happened and was not best pleased but understood why I had done it, or he thought he had. I had really done it to stop the future scabs and it worked, they were never burgled again.
And from personal experience from my time working in Caserta, Italy, some Italian sons are far more vindictive than I am.
Now I realise that putting this on here leaves me open to The Bitter And Twisted Old Twat Of Chew Butt and of course the clever dick A_Voice, but reading this does anyone think I give a fuck? No, I don’t.
You have to laugh at an Argentine claiming that everything will be forgotten in one generation. LOL. Why haven't they forgotten about their brief visit to the Falklands nearly 200 years ago?
Aug 26th, 2013 - 04:23 pm - Link - Report abuse 0Argentina has the resources and capability to be a success for future generations but unfortunately history has shown her leaders don't have the attitude or morals to achieve it. From being one of the richest countries in the world to becoming a financial pariah within 100 years shows the direction it is going unless something drastically changes
Aug 27th, 2013 - 01:27 am - Link - Report abuse 0Wasn't 2001 a height of the global market? his time it's happening at the bottom. 2001 sounds NICE.
Aug 27th, 2013 - 03:58 am - Link - Report abuse 0@33 Elaine
Aug 27th, 2013 - 08:05 am - Link - Report abuse 0Yes, for a country that is always harping on about the past it seems incongruous.
When, like the Diegos in Argentina, you have a Stone Age economy, 2001 would be like a trip back to the future.
Aug 28th, 2013 - 12:42 pm - Link - Report abuse 0Commenting for this story is now closed.
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