MercoPress. South Atlantic News Agency
Argentina in another negotiating round with the Paris Club of creditors
Argentina's Economy Minister Axel Kicillof has assured that progress has been made with creditors in the Paris Club as the politician left Monday evening for France in preparation for talks with the financial institution over restructuring Argentina's debt, estimated in 9.5bn dollars. Read full article
Comments
Disclaimer & comment rulesThere seems to be an editorial error - i.e. US twice and no UK!
May 27th, 2014 - 10:04 am - Link - Report abuse 0'...,payments can't put at risk the current Argentine economic model.'
May 27th, 2014 - 10:38 am - Link - Report abuse 0Don't stop the Carnival!
I am sure he is misreading the USA's “flexibility” on IMF monitoring. Does he even speak English?
May 27th, 2014 - 11:34 am - Link - Report abuse 0I can't imagine they'll give on the IMF audit since all of the major countries are pressuring them at many different venues to have an audit.
It just doesn't make sense.
Ok …. The Ks are not going to be able to return to the credit markets by the end of their term however how will a next government return for loans with the massive size of the State they will inherit from the Ks??
May 27th, 2014 - 01:46 pm - Link - Report abuse 0The IMF has to audit Argentina at one point, inevitably.
Cd, I think the way it rolls out is, ever higher inflation, business grinding to a halt, further depreciation of peso, ever decreasing reserves until the system collapses.
May 27th, 2014 - 01:54 pm - Link - Report abuse 0That may happen before CFK leaves office.
They're desperate to keep BCRA showing at least U$25+B to support the peso, when they can't do it any longer the peso goes into full depreciation and they'll have no backstop.
At that point they'll have to ask for a bail-out from the IMF.
They're out of status, there's not a path to get them in status in under 1 year.
Then who knows what happens
Look to Caracas if you want to see your short/medium term future.
I hope it explodes in her face, but they have a superb capacity to stretch the economy and keep on portraying the Pig with lipstick and makeup.
May 27th, 2014 - 02:15 pm - Link - Report abuse 0What I fear is the disaster the net gov’t will inherit.
6. We'll see what happens at SCOTUS. Most people think they are going to send the case back to NY. If that happens there won't be any way to push the collapse into next year.
May 27th, 2014 - 02:34 pm - Link - Report abuse 0@7 When is that planned for, June? I'll have the inlaws over from Argentina, 5 of them in all. Should make for an intereting time...
May 27th, 2014 - 02:58 pm - Link - Report abuse 0June 12 is the day SCOTUS will decide to take the case or send it back.
May 27th, 2014 - 03:31 pm - Link - Report abuse 0Well.... well.... well.....
May 27th, 2014 - 04:49 pm - Link - Report abuse 0This young lad, Kicillof seems to have cooked a nice deal with the Paris Club...
I said it from the beginning....; I like this chap!
Sooooo......:
“Paris Club”... √ (check)
Now we're waiting for that Yankee court...
@3, 5, 7, 9. I see this as Kicillof trying to kick the can down the road. Quite amazing that the Paris Club actually grew out of crisis talks held in Paris in 1956 between the nation of Argentina and its various creditors. Argieland in debt for 58 years! And Kicillof wants to try to pull a fast one.
May 27th, 2014 - 04:51 pm - Link - Report abuse 0I do hope you're right about SCOTUS. The question is, what should come first? Should SCOTUS wait to see what the Paris Club says, or should the Paris Club wait to see to see what SCOTUS says? With a bit of luck, Germany and Japan will play hardball. Argieland's debt is US$6.667 billion plus interest as of 2012. Hope they send it back to Judge Griesa.
And the United States should bear in mind that argieland is both corrupt and criminal. It deserves to be punished.
10. The meeting is tomorrow and the only think he's negotiated is the right to negotiate.
May 27th, 2014 - 06:56 pm - Link - Report abuse 0Knob
Are you ever right about anything?
It is sad you are still spreading K propaganda.
When will you give up?
When the peso hits 1000/1 or 10000/1?
10
May 27th, 2014 - 07:31 pm - Link - Report abuse 0I dont know where you came up with that from. Not even Pagina 12 (which is your usual source) says that.
Comment removed by the editor.
May 27th, 2014 - 07:53 pm - Link - Report abuse 0Comment removed by the editor.
May 27th, 2014 - 08:06 pm - Link - Report abuse 0Comment removed by the editor.
May 27th, 2014 - 08:12 pm - Link - Report abuse 0Comment removed by the editor.
May 27th, 2014 - 08:17 pm - Link - Report abuse 0Comment removed by the editor.
May 27th, 2014 - 08:22 pm - Link - Report abuse 0Comment removed by the editor.
May 27th, 2014 - 08:26 pm - Link - Report abuse 0Comment removed by the editor.
May 27th, 2014 - 08:31 pm - Link - Report abuse 0Comment removed by the editor.
May 27th, 2014 - 08:32 pm - Link - Report abuse 0Comment removed by the editor.
May 27th, 2014 - 08:39 pm - Link - Report abuse 0Pero que no, si sos monto en Escocia vos....
May 27th, 2014 - 08:41 pm - Link - Report abuse 0Ojala no vuelvas mas.
BCRA can't seem to keep the peso much under 12/1.
May 27th, 2014 - 09:35 pm - Link - Report abuse 0I wonder how many U$ millions they spent today?
They really should be saving that money for nat gas.
I hear there's not much SOY left to sell....
“Under no circumstances will we accept conditions or discuss our economic plans or policies” underlined the Argentine minister, who is considered an 'unorthodox'.
May 27th, 2014 - 10:30 pm - Link - Report abuse 0What a “tender” description for a complete fuck-up.
“Secondly, solutions must be sustainable in time and last but not least, payments can't put at risk the current economic model of Argentina.”
Is he really serious about that load of cobblers?
It seems the Paris Club are just intrigued by this latest mouthpiece of TMBOA. Germany and Japan will sink him that's for sure.
“Under no circumstances will we accept conditions or discuss our economic plans or policies”
May 28th, 2014 - 02:02 am - Link - Report abuse 0Pretty much like the North Koreans.
Cabeza D , Not much use trying to argue with Think. How can you have a rational dialogue with someone that jacks off to a poster of Maximo Kirchner?
May 28th, 2014 - 02:30 am - Link - Report abuse 0I am sure young Axel is just following orders from the old witch screaming at him that she wants to keep her economic plan going even though it is like pissing into a cyclone.
Comment removed by the editor.
May 28th, 2014 - 04:24 am - Link - Report abuse 0@27
May 28th, 2014 - 01:25 pm - Link - Report abuse 0I know... But I have always being suspicious that Think might have being a terrorist or a uni militant in the 70s and when the military came along he took asylum in Scotland.
29. Ding Ding Ding
May 28th, 2014 - 01:29 pm - Link - Report abuse 0He's not been back since he fled either.
That is very possible too, at least he was not back for a long period of time
May 28th, 2014 - 01:39 pm - Link - Report abuse 0A long time ago I asked some Rg friends about this persona and he said it sounds like he was chased out in the 70s and has never been back. He has an ideal of what Argentina used to be that has nothing to do with reality.
May 28th, 2014 - 01:52 pm - Link - Report abuse 0And its the reason he posts in the middle of the night and thinks its morning.
He's a lonely bitter old fool that wonders why he is so miserable when clearly he is smart and funny.
He makes my skin crawl.
@32
May 28th, 2014 - 02:02 pm - Link - Report abuse 012.08/1
May 28th, 2014 - 03:48 pm - Link - Report abuse 0I wonder when the IMF will start their audit?
#14--#22
May 28th, 2014 - 06:50 pm - Link - Report abuse 0What did I miss ?
TWIMC
May 28th, 2014 - 07:35 pm - Link - Report abuse 0As I was saying yesterday at my commnent No.10....:
This young lad Kicillof certainly cooked a nice deal with the Paris Club...
I liked the chap from the beginning!
Sooooo......:
“Paris Club”........... √ (check)
Waiting now for that recalcitrant Yankee court...
Paris club check?
May 29th, 2014 - 12:23 am - Link - Report abuse 0Retard
Official confirmation of the excellent deal reached with the Paris Club by Mr. Kicillof...:
May 29th, 2014 - 04:43 am - Link - Report abuse 0http://www.clubdeparis.org/sections/actualites/argentine/downloadFile/PDF/PR20140529_Argentine.pdf?nocache=1401336431.64
And he didn't even wear a tie :-)))
Just like I thought...
May 29th, 2014 - 12:07 pm - Link - Report abuse 0All that says is Argentina is going to resume payments next year. How is this a deal?
I think no mention of the IMF is very telling.
Also I don't see the USA Japan or Germany letting Arg slide on the IMF audit.
@39 yankeeboy
May 29th, 2014 - 09:15 pm - Link - Report abuse 0“All that says is Argentina is going to resume payments next year.”
Is that 'promise' a bit like 'Britain will return the Falklands to Argentina in 25 years?' Only next year it will still be in 25 years and the year after it will be 'in 25 years' etc (i.e. in 2189 it will still be in 25 years'
So the next year could mean '2015' or it could mean the year after every year for the next 200.
I promise to pay you on tuesday for a hamburger today.
May 29th, 2014 - 09:38 pm - Link - Report abuse 0Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!