MercoPress. South Atlantic News Agency
Argentine central bank admits 'serious loss of reserves', which stand at 30bn
The newly appointed head of Argentina's Central bank Juan Carlos Fábrega admitted that in the last few months “loss of international reserves” has been serious, but “we are working to correct the situation”. Read full article
Comments
Disclaimer & comment rulesActions speak louder than words.
Dec 04th, 2013 - 03:22 am - Link - Report abuse 0It doesn't matter what they say, the simple fact is that reserves keep dropping.
The conversation at the 'dinner table' is that we would be a rich country, if the K's would stop stealing for a year. There should be an article verifying this or at least drawing up estimates.
Dec 04th, 2013 - 11:47 am - Link - Report abuse 0They are accelerating the destruction of this country by increasing the kickbacks they receive from charging an extra 35% for credit card purchases abroad, the 50% luxury tax, etc. They would let Argentina burn if it means them becoming wealthy, and escaping with the loot.
“To those who are now promising to fix all your problems, I say, ‘Go and fix yourself.’ . . . Have a change of heart. Get to confession, before you need it even more! The current crisis will not be improved by magicians from outside the country and nor will [improvement] come from the golden mouth of our politicians, so accustomed to making incredible promises.”
Dec 04th, 2013 - 12:04 pm - Link - Report abuse 0Jorge Mario Bergoglio....AKA Pope
Dire Straits.
Dec 04th, 2013 - 12:39 pm - Link - Report abuse 0Imposing more taxes and restrictions is not going to solve this problem. The best they can hope for is a good farm year BUT with Soy below U$500 and the U$ strengthening I don't see that happening.
2014 will be interesting
Rioting
Food Shortages
Hyperinflation
All 3
Maybe
The world awaits the final collapse
Dec 04th, 2013 - 03:34 pm - Link - Report abuse 0sadly it will be the people that will suffer,
CFK has billions stashed away..lol
so they say.,
Highly surprising that Arg Central Bank should declare such low reserves straight after the 'vultures' court shows they should be paid in full.
Dec 04th, 2013 - 05:42 pm - Link - Report abuse 0“The newly appointed president Fábrega is confident the situation can be reversed.”
Dec 04th, 2013 - 06:44 pm - Link - Report abuse 0I am confident that very shortly this situation WILL be reversed to say MINUS U$D 30 BILLION?
They are plucking numbers out of the air here. Has anybody (other than an argie) got ANY confidence in anything this new guy or the OTHER new guy Capitan Dismal © ChrisR 2013 who seems (if you can believe him) to be very concerned about the financial position of the US and the UK.
FFS, you couldn’t make this up! The whole country is on the cusp of absolute financial melt-down and this idiot is concerned about the US and the UK. But of course, it’s just another diversion for the mob.
Clearly the makeover and new brain of TMBOA has failed again if this is the best she can come up with.
One assumes that someone named Kirchner is listening to this while looking away at the ceiling, whistling faintly, all the while hoping a few numbered stash accounts remain hidden.
Dec 06th, 2013 - 12:24 am - Link - Report abuse 0Somewhere, a truth commission is waiting in the wings.
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