MercoPress. South Atlantic News Agency
Cristina Fernandez and Mujica, so close but ever so distant
The lasted chapter of the resurgent diplomatic conflict between Argentina and Uruguay was not addressed during a brief encounter of presidents Cristina Fernandez and Jose Mujica in Bolivia where they attended the G77 plus China summit over the weekend. Read full article
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Disclaimer & comment rulesWill be interesting to see the effect that Argentina's actions have on the next Uruguayan presidential election.
Jun 16th, 2014 - 07:59 am - Link - Report abuse 0Let Michael Bolton sing them a song:
Jun 16th, 2014 - 09:03 am - Link - Report abuse 0https://www.youtube.com/watch?v=L0frA_0MjW8
“In Bolivia the two presidents met during the G77 summit but there was only a very formal kiss”
Jun 16th, 2014 - 11:21 am - Link - Report abuse 0So she kept her knickers on: no tongue access to her backside for “No Money Pepe”, the arselicker supreme.
What we are seeing from The Dark Country is yet another petulant attempt at bullying Uruguay, encouraged by the cowardly attentions of our “president”, but he will be gone early next year. What a real disappointment AND disaster this illiterate, innumerate, murdering commie bastard has been for this lovely country.
But “The Poor” love him for giving them money for nothing, so that’s alright then.
As for “The Argie Rent Boy Almagro” I would imagine he went running home to cry into his pillow because his “bestist” mate Gollum had pissed on his chips over the pulp mill. The increase in production was well flagged to Gollum and all the scientific proof that there is no increase in pollution, due to increased equipment to control the process water was provided so we are down to spite again.
Why oh why is Uruguay beset on all sides with cunts for government ministers? Could it be the Tupas involvement: of course it could and is. I think it should be called Tapas in honour of the well known Spanish dog’s breakfast of a meal, at least that makes more sense.
Live from SCOTUS blog:
Jun 16th, 2014 - 01:38 pm - Link - Report abuse 0“Both of the Argentine bond cases have been DENIED. Sotomayor took no part.”
Of course she speaks to him, how else does she give him his orders.
Jun 16th, 2014 - 02:12 pm - Link - Report abuse 0Duhhhhh!
SCOTUS decision:
Jun 16th, 2014 - 02:43 pm - Link - Report abuse 0http://www.supremecourt.gov/opinions/13pdf/12-842_g3bi.pdf
So close, So near ,
Jun 16th, 2014 - 06:12 pm - Link - Report abuse 0yet no ring ?????
The British hypocracy (I forget how redundant that phrase is)... sorry, the Great Hypocrites, reach yet NEW levels of dishonesty and double standards. It is truly appalling.
Jun 16th, 2014 - 08:02 pm - Link - Report abuse 0Isn't it the British bewailing and lambasting Argentina's actions in ITS OWN waters, the fishing practices for example, because it COULD affect the Falklanders that are in many cases hundreds, even thousands of miles away from the scene of the “crime”?
Yet here another country takes actions that directly affect the neighbor, where waters are also involved, and here the British shout lungs dialed at full power, that it is Uruguayan territory and they can do what they want.
So in short, if any of Argentina's neighbors do anything that may affect Argentina, even when its inches away from ARG soil, argies need to shut up.
If Argentina does anything that may affect its neighbors, even if the activity is hundreds of miles away (i.e. fishing in the Argentine Sea, building a nuclear plant deep in northern ARG well removed from the Paraguay/Brazilian border), we need to sit down with the Falklanders and the others, and let our neighbors and the Falklanders/British dictate our internal decision.
The double-standard is so blatant it has only one explanation and its called argie-hatred.
I am just back from a gorgeous weekend in New England. Its so nice to escape the heat.
Jun 16th, 2014 - 08:34 pm - Link - Report abuse 0I was so happy to hear that Argentina lost at SCOTUS.
So happy
One might say giddy
This is rolling out just as I said it would
It will be fascinating to watch, my guess it will be Default, Depreciate Peso then Hyperinflation...
I hope you didn't sell your Sugar yet Toby!!
Not yet, I'll tell you when.
What is “New England”? Never heard of it.
Jun 16th, 2014 - 08:43 pm - Link - Report abuse 0You'll never see it either.
Jun 16th, 2014 - 08:45 pm - Link - Report abuse 0Any guess when they're going to start to add a zero to all the banknotes?
I wonder if Argentina's BIS account will be frozen?
Hmm
Brr
You should go out an buy some more sugar and laundry detergent immediately.
:)
Obviously I won't miss much. I probably can go to towns like Wheelright, Armstrong, and see English archicteture and culture, without leaving my country.
Jun 16th, 2014 - 09:16 pm - Link - Report abuse 0Although I have never been to either of those towns I would bet you'd be hard pressed to find any true English Architecture there.
Jun 16th, 2014 - 09:30 pm - Link - Report abuse 0And even if you could they'd be most likely be marred with Graffiti or have crumbling facades.
Do you think New England has “English” Architecture? And that's why I go there?
Bahahahah
Silly Provincial simpleton.
You certainly didn't go there for the weather, because I would assume if it's called New England it is somewhere near “New York”, in which case you are an utter moron for such area of NorthAmia has horrible weather even in summer. If it is not under 2 meters of snow it has a hurricane or some big rain storm. Awful awful place.
Jun 16th, 2014 - 09:39 pm - Link - Report abuse 0What a utterly ridiculous statement, North American has bad weather.
Jun 16th, 2014 - 09:50 pm - Link - Report abuse 0Bahahaha
I can taste your jealousy
and It is delicious
Psst I also flew, we do that up here! It is cheaper than driving! Gasp!
The weather was glorious, sunny not too hot, crystal clear waters and fantastic food.
You can't ask for anything better
I guess US law IS relevant to Argentina.
Jun 16th, 2014 - 11:20 pm - Link - Report abuse 0Oops!
The US Supreme Court has delivered a double blow to Argentina over its long-running battle with holders of the country's defaulted bonds.
First, the court on Monday rejected Argentina's appeal against an order to pay more than $1.3bn to hedge funds that hold some of the bonds.
Then, bondholders won the right to use US courts to force Argentina to reveal where it owns assets around the world.
The country's main stock market tumbled more than 6% at the start of trading.
The court's decision means that bondholders should find it easier to collect on their debts.
“This realistically is the end of the road for Argentina's decade-long fight,” said Anna Gelpern, an expert in sovereign finance at the US-based Georgetown Law School.
The South American country defaulted in 2001 following its economic crisis, and has been in a legal battle with bondholders led by hedge funds NML and Aurelius Capital Management.
'Slap'
Argentina argues the funds bought most of the debt at a deep discount after the default, and has since tried to impede the country's efforts to restructure.
Investors holding more than 92% of the defaulted debt agreed in 2005 and 2010 to write off two-thirds of their pre-crisis value, providing Argentina with time to re-build its economy.
But the hedge funds held out against the restructuring.
Argentina has said that forcing it to pay the money demanded by the bondholders could threaten its economy.
Siobhan Morden, head of Latin American strategy at Jeffries, said she hoped there will be a willingness on both sides to negotiate a compromise.
In 2012, one of Argentina's navy ships was impounded in Ghana after bondholders won a court order as part of the dispute. After several weeks, the ship returned home.
Oh well, now NO one will get paid.
Jun 16th, 2014 - 11:39 pm - Link - Report abuse 0Though from what I had read in the past, Argentina will simply default with a plan ready to go (probably already prepared) to offer the non-holdouts payment of bonds in a non-NorthAmian court.
The outside chance is that it will default completely.
Argentina has already spend 15 years outside capital markets, another 5 won't matter a bit.
Basically if the choice is miserable economic conditions and the hold outs running with the money (which everyone here has predicted if Argentina honors its debts), and miserable economic conditions and the hold outs still getting nothing, the choice is obvious :)
Taxiboy: Get a f-ing life. What kind of miserable upbringing make a grown man relish in the misery of millions of people. Did your parents abuse you? Hell yes, they did. You are just as f@#ed as Argentina, Taxiboy. And your soul is like a nuclear wasteland.
Jun 17th, 2014 - 06:28 am - Link - Report abuse 0“Furthermore Almagro points out to a list of projects and Argentine promises, never delivered, under the joint administration of the River Uruguay”
Jun 17th, 2014 - 12:21 pm - Link - Report abuse 0This is what Uruguay's support for Argentina's Sour Grapes gets them-no thanks.
Suckers.
17. You were able to spend 8 years our of the world's financial markets because had money in reserves.
Jun 17th, 2014 - 12:40 pm - Link - Report abuse 0Now you don't
My bet is you have U$6B in cash, the rest is in interagency loans and private citizens funds.
Most of the private citizens funds were promised to be released this year to the Int'l companies that want to repatriate them.
So you may actually have no U$ on hand.
Soy sales are done
Oil and Gas are increasing
Oil and Gas are COD
Its getting cold in BA
I am so excited to watch this roll out!!!
@20
Jun 17th, 2014 - 01:11 pm - Link - Report abuse 0Oil prices will drop significantly as the BRICS slow down (which in fact you have been predicting), as Europe remains weak, as the USA recovery ends, as more production come online in Brazil, USA, southern Europe, and Africa, and as South America due to the new Argentine crisis you are predicting suffers a bit of a drop in demand.
But people still need to eat and the population is not getting smaller, so commodities will slowly rally again.
All those plus a devaluation to make the country more competitive again and a new government next year, plus cuts in spending, and suddenly there will be more than enough to finance oneself.
Long term that may prove to be correct alas its the short and medium term that you really need to worry about.
Jun 17th, 2014 - 01:38 pm - Link - Report abuse 0BTW on all my recent travels I've seen so many “help wanted” signs. Where I live theres practically a boom but I needed some first hand knowledge for the rest of the country. I certainly wouldn't call it a boom but it getting better faster. As soon as Odumbo is gone this place is going to be ROCKING!
As I have been saying I think the avg Rg (not even you since you're poor) won't be able to communicate with the civilized world in a few years.
This catastrophe and the Ks stupidity is making that prediction even more true today.
So Capatanich says the original default saved ( or stole?) 91 billion dollars.
Jun 18th, 2014 - 01:23 am - Link - Report abuse 0The official reserves are now around 30 bn.
Where has the other 60 bn gone?
“Oil prices will drop significantly as the BRICS slow down”
Jun 18th, 2014 - 08:33 am - Link - Report abuse 0BRICS have already started slowing down over the past 3 years.
Growth rates (latest, one year ago, two years ago)
China 7.4%, 7.7%, 8.1%
Russia 0.9%, 0.8%, 4.8%
India 4.6%, 4.8%, 5.1%
Brazil 1.9%, 1.9%, 0.8%
South Africa 1.6%, 1.6%, 2.7%
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