MercoPress. South Atlantic News Agency
Argentine top minister in Washington attending the 'ideologically bias” IMF assembly
In a strong reply to the IMF report on the Argentine economy forecasting 0.5% expansion in 2014, the administration of President Cristina Fernandez said the multilateral organization suffers of an 'ideological bias' and its recipes only prompted the 'worst social and productive crisis in the history of Argentina'. Read full article
Comments
Disclaimer & comment rulesIt is always someone else's fault. Doesn't the Argentine government and many of its citizens get sick to death of hearing the same thing said again and again?
Apr 10th, 2014 - 07:01 am - Link - Report abuse 0There is one consistencies throughout all the economic problems and crises in Argentina..... and that would be Argentina itself.
capitano - stupid, stupid, stupid - as the whole ck-gang.
Apr 10th, 2014 - 07:35 am - Link - Report abuse 0the poor believe to be sponsored by the ck-gang but in fact they are hit by the rich.
those rich fill their pockets but the poor are plundered by the inflation, caused by the ck-gang.
David Cameron must insist that Argentina drops claims to Falklands before approving Paris club debt changes.
Apr 10th, 2014 - 08:48 am - Link - Report abuse 0;As you sow,so shall you reap;
Said it once said it a thousand times
Apr 10th, 2014 - 10:05 am - Link - Report abuse 0ARGENTINA ALWAYS THE VICTIM
That's how they see themself
So they insult the IMF and then ask them for more money! makes sense in a weird I am delusional kind of a way.
Apr 10th, 2014 - 10:11 am - Link - Report abuse 0This idiot they need to revoque his visa and also his master card including his AX card his is a communist.
Apr 10th, 2014 - 10:15 am - Link - Report abuse 0Nobody cares if Argentina fails but if they are going to maintain a membership in an organization it MUST abide by the rules and regulation of the organization.
Apr 10th, 2014 - 11:14 am - Link - Report abuse 0Argentina can always leave nobody is stopping them.
They're such ridiculous hypocrites, changing history to suit their agenda, at some point you'd think the population would wake up and get grown ups to manage the country.
Meanwhile TMBOA says the complete opposite, IMF, Paris Club, UK, NATO, EU she says are in no way to blame.???
Apr 10th, 2014 - 11:28 am - Link - Report abuse 0Its a peronist government in free fall....
From Buenos Aires Herald.
Hours before the national strike called by dissident unions, President Cristina Fernández de Kirchner said her administration and her husband’s were characterized by “facing problems” and not “blaming others,” during a ceremony held today at the National University of La Plata (UNLP) were she received an honorary degree.
HAHAHAHAHA
Perhaps Obama should have the balls to stand up to these idiots but lets not hold our breath
Apr 10th, 2014 - 11:31 am - Link - Report abuse 0Nobody in the US Gov't cares about Argentina. It might as well be Bolivia for all we care.
Apr 10th, 2014 - 12:02 pm - Link - Report abuse 0It has absolutely nothing to offer the USA.
It's been a strange week:
Apr 10th, 2014 - 12:24 pm - Link - Report abuse 0- A general strike in Argentina today and nothing on Mercopress!
- That boy who was lynched earlier in the week, died from his injuries and nothing on Mercopress!
- An article in the Economist this week praises Argentina's economic turn around.
But the funniest news this week was this. Santiago airport held their yearly auction of unclaimed belongings left at the airport over the past year. Thousands of suitcases (you don't get to see the contents during bidding), even cars including luxury models. But the pièce de résistance was an Aerolineas Argentinas jet!
It broke down a couple of years ago at the airport. No one was prepared to do the required repairs without up front payment and it has sat there ever since.
A metaphor for Argentina, broken down, no one willing to fix her with the big auction edging closer.
The “ideological bias” being the IMF requires countries to pay back the money lent to them.
Apr 10th, 2014 - 12:26 pm - Link - Report abuse 0Not for instance, for the country borrowing the money refuse to pay back money lent in good faith but instead decide to buy warplanes.
'ideological bias'
Apr 10th, 2014 - 12:35 pm - Link - Report abuse 0People we owe lots & lots of money who for some strange reason want it back in cash & wont accept our worthless IOU bonds.
“We owe not a dollar to the IMF and it cannot condition the sovereign managing of Argentina's economic policy anymore”
Argentina still owes an overall debt surpassing $141 billion dollars, with $88bn to the IMF & Bond holders.
“recommendations that caused Argentina’s worst economic, social, fiscal and financial crisis”
Argentina has been the same story for a 130 years now; borrow and then default, borrow and then default & it is all the fault of those evil capitalist who agreed to lend them money.
”Argentina's sustained growth with social inclusion, job creation and improving income distribution was achieved precisely because we did not follow the recommendations from the IMF”
What you mean is you refused to payback the money & continued to live far beyond your financial means & now the economy is tanking again & your looking at yet another default.
Sad and pathetic.
Apr 10th, 2014 - 12:47 pm - Link - Report abuse 0Mixed messages from Casa Rosada...
Apr 10th, 2014 - 02:05 pm - Link - Report abuse 0ps. Love the metaphor Condorito. Funny, but somehow quite poignant too.
I wonder just wonder wher these loans came from?
Apr 10th, 2014 - 03:08 pm - Link - Report abuse 0Was it the IMF that went to Argntina offering loans? or,
Was it Argentina that went to the IMF asking fo loans?
I think that someone should tell them what it is like to be an adult and accepting responsibility for your actions, because frankly, they do not seem to have the slighest idea.
“Fortunately, ex president Néstor Kirchner made a decision and that was to have autonomy in economic decisions,”
Apr 10th, 2014 - 03:12 pm - Link - Report abuse 0Meaning you are still in the sh1t.
OK, if that makes you happy, Capitan.
I thought everyone had autonomy in economic decisions?
Apr 10th, 2014 - 03:16 pm - Link - Report abuse 0What, the IMF held a gun to their head!
Because Argentina gets money from the international community and when is convenient the renege in their obligation Argentina have no right to be economically independent they should follow the terms and condition or they should not be part of the international community they could be like North Korea!
Apr 10th, 2014 - 03:22 pm - Link - Report abuse 0Visit BA Heralds Website and read the story about Chistina opening a new Psychology wing at a University.
Apr 10th, 2014 - 03:46 pm - Link - Report abuse 0Sheesh, reads like a script out of the Twilight Zone!
1) The IMF is ideologically biased.
Apr 10th, 2014 - 04:20 pm - Link - Report abuse 02) The new INDEC formulas are being circumvented
3) The IMF still can't audit Argentina's books.
Why doesn't the IMF, at this point, just stop having anything to do with Argentina? Is this really the best way to bring the global economic community forward?
Why can't the other countries participating in IMF programs also not allow the IMF to audit their books? Why do they let Argentina be pampered and not protest about unequal treatment?
Just when you think the argies can’t be any dafter than when they issued loser’s medals, try this:
Apr 10th, 2014 - 04:28 pm - Link - Report abuse 0“The Head of State was accompanied School of Psychology by Buenos Aires province Governor Daniel Scioli, and received a similar (honorary) diploma with a post-mortem distinction for former President Néstor Kirchner.”
So “Old Bug Eyes” (Frank Sinatra eat your eyes out) was given a “distinction” after he croaked.
At least I earned mine.
I can just visualise the meeting, probably something similiar to the UN.
Apr 10th, 2014 - 04:31 pm - Link - Report abuse 0“Oh christ, here they come again! put your brains into neutral!”
@20 late-20th and 21st conflict resolution. Lean on the reasonable parties. Let the crazies run rabid even when they're a threat to others. Because the reasonable parties are more likely to respond to hectoring and not wanting to take the blame for “obstruction” and making the move to “resolve” the problem and the unreasonable parties know it. It can even happen when the unreasonable party is a effecting a genuine physical hazard. Here the IMF is the “adult” and CFK is the brat who no one can spank. Also the IMF doesn't want to be painted as the “villain” when any action against Argentina will be felt by the poorest of the country even though it's obviously the fault of Argentina's government and everyone knows that they will be held up to the camera by FK herself to show the harm the IMF inflicted [muffle] because of *her* and her predecessors' malicious irresponsibility[/muffle].
Apr 10th, 2014 - 04:50 pm - Link - Report abuse 0@23 Also, they know CFK will leave in 2015, or maybe even this year...
Apr 10th, 2014 - 05:13 pm - Link - Report abuse 0@24... to be replaced with a successor, maybe even CFK's personal favorite who will once again say “not my fault, I inherited this mess [muffle] with my eyes wide open[/muffle]”?
Apr 10th, 2014 - 05:23 pm - Link - Report abuse 0So, the IMF will apply themselves to the “Argentine” issue when those efforts will be most fruitful. That does make good sense to me to try anything now might only be wasteful or worse, damaging. But,
Apr 10th, 2014 - 05:38 pm - Link - Report abuse 0A new administration is going to let the IMF audit the Argentine account books?
With a new administration, inflation estimates will reflect reality like those of other countries?
How hard could it be to make it look like it is Argentina's fault, not the IMF's, that they were thrown out of the IMF? CFK is a clear lunatic to everybody at this point.
“the CFK administration projects a ”unique“ economic model that is quite different to economics practiced at the IMF”, so we have decided to severe our relationship with them”.
Chile would understand, they know who the villain is.
Uruguay would know who the real villain is.
Paraguay wouldn't be surprised in the least.
Brazil would understand.
Venezuela and Cuba might get upset.
Severe the IMF ties with Argentina and quit wasting resources on them, return them their funds. Where else is Argentina going to get money from in this world. Maybe no one will blame the IMF for dumping Argentina and it will end up being a great opportunity to show the world the importance the IMF places on fiscal sense.
(10) Dear hermanito Shileno…
Apr 10th, 2014 - 06:32 pm - Link - Report abuse 0You say…:
”…The pièce de résistance was an Aerolineas Argentinas jet!
It broke down a couple of years ago at the airport. No one was prepared to do the required repairs without up front payment and it has sat there ever since.”
I say…:
Just to contribute to the widening of your narrow Momio horizons…:
The Airliner in question, the LV-ZYI…: http://www.airliners.net/photo/Aerolineas-Argentinas-%28Austral/Boeing-737-228-Adv/0603962/L/&sid=ef29ee48bf35b86fd390ace9ee0175ed
.................did NOT “break down a couple of years ago at the airport”
The Airliner in question (LV-ZYI), was sold in 2007 by Aerolineas Argentinas to Chilean Air Comet, an Airline that subsequently went into bankruptcy in 2008…
Since then she has been “abandoned” at ENAER…
@27 Think
Apr 10th, 2014 - 07:48 pm - Link - Report abuse 0Do you think the IMF should be lending any more money to Argentina?
Cabeza 1 was critical of this saying new loans would just be skimmed by bad politicians further burdening the people with debt for no net gain.
So, looking at it that way, the IMF is actually bad for Argentina.
What do you think?
@27 Think
Apr 10th, 2014 - 08:43 pm - Link - Report abuse 0Thank you for expanding on the LV-ZYI saga.
Now just to correct you on a couple of points:
1) Air Comet was a Spanish venture, not Chilean.
2) This aeroplane belonged to Austral, the AR subsidiary.
Here is the plane's history:
http://www.planespotters.net/Production_List/Boeing/737/23010,LV-ZYI-Austral-Lineas-Aereas.php
(29) Condorito
Apr 11th, 2014 - 04:33 am - Link - Report abuse 0Just to clarifymy point:
You say...:
“Air Comet was a Spanish venture, not Chilean”....
I say...:
So were “Aerolineas Argentinas” and “Austral” at the time....
Controlled by Spanish “Grupo Marsans”... and this nice guy...:
http://www.abc.es/economia/20140402/abci-fiscalia-diaz-ferran-marsans-201404021433.html
- So much for your ”Argentinean Metaphor at (10)....
Here is the plane's history:
Aerolineas Argentinas still has problems.
Apr 11th, 2014 - 07:55 am - Link - Report abuse 0In the first two months of 2014 Aerolíneas Argentinas (AR) needed equivalent to 2 million dollars a day in state assistance, so much for Kicillof Recalde promises/forecasts.
Our America should take the money that we have in the IMF and forget them forever.
Apr 11th, 2014 - 08:20 am - Link - Report abuse 0Our America must create our own multilateral financial institution with the participation of the BRIC, IBSA, Caribbean countries, Africa and Oceania.
Our South America should have more self-esteem and make no further agreements with Western thieves.
@ 32 brasso
Apr 11th, 2014 - 10:55 am - Link - Report abuse 0Whatever it is you are taking, drugs, booze, whatever, stop taking it because it's rotting your brain and your posts get more idiotic by the day.
WTF does @ 32 mean?
Was “your” America founded on the basis of the movie “Idiosyncrasy”?
Apr 11th, 2014 - 11:29 am - Link - Report abuse 0Brasso is too stupid to realize that all the countries he has listed have no money to lend.
Apr 11th, 2014 - 12:18 pm - Link - Report abuse 0BTW what ever happened to the Bank of the South that Chavez was trying to start as a rival to the IMF and WB.
Yeah somehow nobody talks about that failure.
Kickmenow is in DC with his begging bowl. Somehow I don't see him being successful trying to wring more U$ out of IDB and WB.
@30 Think
Apr 11th, 2014 - 12:57 pm - Link - Report abuse 0The organised crime element of this story that you raise is just as poignant as the metaphor of the abandoned AR plane being auctioned.
Once upon a time there was this group of mafiosos who, despite having no experience of the airline industry, took control the nation's airlines. They proceeded to launder dirty money through the airline, a series of hotels they owned and off shore accounts ..... wait a minute!
...
Bueno, back on topic (nutty idealogues):
Our brand new communist deputies have stamped their mark on congress and raised the red flag for all the country to see what they are made of and what they stand for.
In only their first week on the job Kenneth G. (hijito de papá) Jackson and Gabriel (hijito de papá) Boric declared war on inequality by, by, er... refusing to wear ties in congress! Just imagine what they will achieve in 4 years.
After this first magnificent defiance of the establishment, they have now proposed a motion to half deputies salaries. Those on minimum salary will be delighted to know that Kenneth (hijito de papá) Jackson is prepared to live on as little as 16x what they earn, bless him.
But, and it is a very nice one, Camila (mijita) Vallejo is having none of it. She has defied her comrades saying that reducing her salary won't help the poor.
Lovin' 21st century communism.
@32 yes they should become like North Korea and associate themselves with all the victims of capitalism you are very smart brasileiro.
Apr 11th, 2014 - 03:16 pm - Link - Report abuse 0Can you tell me what kind of prescription are you on?
(36) Condorito
Apr 11th, 2014 - 03:59 pm - Link - Report abuse 0“Grupo Marsans” and its CEO were not your typical “Organised Crime”....
Just yet another bunch of “Over-Smart Businessmen” that thought the were “The Smartest”.......................... but they weren't...
Anyhow, “Grupo Marsans” were also the owners of Chilean Air Comet...
By the way...
Don't be so harsh on them young ones...
Judging by what you have told us about yourself, your offsprings are well on their way of becoming “Hijitos/as de Papá”... ;-)
Harsh? I was being generous.
Apr 11th, 2014 - 05:11 pm - Link - Report abuse 0...
Fear not, the Condor's nest is a finely balanced harmony of feathers and rock. Not too hard, not too soft ;)
(39) Condorito
Apr 11th, 2014 - 07:22 pm - Link - Report abuse 0Well...
Seems to me that the “nests” of those you momios call “Hijitos/as de Papá” are of the highest quality...
Here's Giorgio's story...:
http://diario.latercera.com/2012/03/25/01/contenido/la-tercera-el-semanal/34-104586-9-giorgio-jackson-y-la-historia-de-su-padre.shtml
Congratulations Chile with your new leaders
Hasta la victoria
Siempre
“Hasta la victoria
Apr 11th, 2014 - 10:40 pm - Link - Report abuse 0Siempre”
Compared to its neighbour.... it already has victory
Argentina. A failed State.
Apr 12th, 2014 - 01:19 am - Link - Report abuse 0Just a matter of time before the world notices.
Mainly because most of the world has more important issues to deal with.
42 ilsen
Apr 12th, 2014 - 03:58 pm - Link - Report abuse 0“Argentina. A failed State. ”
It's ok, if more countries sign up for “Total wipeout” argentina can “gameshow” it's way back into the black.
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