IMF warns Latin America about changing times and calls for fiscal prudence

Tuesday, May 13th 2014 - 18:51 UTC

Full article 12 comments

The International Monetary Fund (IMF) has suggested that Argentina could benefit from cutting public spending destined for subsidies on energy costs, stating that such policies are “very costly and distort economic activity.” Read full article

Comments

Disclaimer & comment rules

Briton
but also cautioned about the end of 'a comfortable decade'

If the IMF thought the last decade was comfortable,
she should tell that to the poor people that have suffered under CFKs policies,

they may have a different opinion.
May 13th, 2014 - 07:13 pm - Link - Report abuse 0
-+
Klingon
How about the IMF tell North America to live within their means too!

http://www.usdebtclock.org/
May 13th, 2014 - 08:16 pm - Link - Report abuse 0
-+
CabezaDura2
Its a lost cause to recomend the Kretina and Kicillof anything.

Kicillof believes that monetary emision doesn't create inflation, just like Marco del Pont said when she was president of the Central Bank.

And when you think it cant get any worse, it always does.
May 13th, 2014 - 08:27 pm - Link - Report abuse 0
-+
Klingon
@3 I am with you on that. Just read on La nacion that Kicillof has blown them off already.
I am sure the mad cow is ranting at him everyday for more handouts for the toothless Kretins to garner votes.
May 13th, 2014 - 09:23 pm - Link - Report abuse 0
-+
CabezaDura2
Still the IMF doesn't recomend touching; public employees totaled $800.000 MM of the 2013 budget, energy tarifs subsidies only 80.000 MM.

Also Futbol para Todos
Aerolineas
Obra Publica para Santa Cruz.
Propanda and Pauta
All those and many more should be scrapped inmediately

If they want to adjust the tarifs they bettter give back some of our taxes and cut fair the State expenditure.

My guess is that the will just cut the subsidies in energy and let hiperinflation and devaluation do the adjustment like Lavagna did in 2002
May 13th, 2014 - 10:29 pm - Link - Report abuse 0
-+
ilsen
Beware the Stealth Penguins!

We are many! We are Legion!
May 14th, 2014 - 05:26 am - Link - Report abuse 0
-+
Pugol-H
Could any Argy Gov cut the subsidies and keep the situation stable, in terms of public unrest.

Energy imports are still rising, local production still falling, no sign of a change in either.

@6 ilsen
How did you ever get used to those twirly fork things?
May 14th, 2014 - 03:17 pm - Link - Report abuse 0
-+
ChrisR
You have to laugh at this woman thinking she can tell SA what is best for them!

Ha, ha, ha.
May 14th, 2014 - 05:30 pm - Link - Report abuse 0
-+
ilsen
@7

Four candles perhaps?

;-)
May 14th, 2014 - 06:19 pm - Link - Report abuse 0
-+
ChrisR
@ 9 ilsen
Sore tips!
http://www.youtube.com/watch?v=oaGpaj2nHIo
May 14th, 2014 - 10:42 pm - Link - Report abuse 0
-+
Mendocinovino
@6 mentally Ill Son

Why do you exist?
May 14th, 2014 - 11:02 pm - Link - Report abuse 0
-+
ilsen
@10 ChrisR

Thanks for the link. Have not seen it in years. Watched all of it. Still brilliant, even after all these years it still had me laughing. Those two were marvellous together.
May 15th, 2014 - 12:23 am - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!