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Argentina waiting for Judge Griesa's reply on the 'stay' request

Wednesday, June 25th 2014 - 06:46 UTC
Full article 54 comments

The government of President Cristina Fernandez awaits Judge Griesa's decision after the request to issue a stay on the ruling that orders Argentina to pay all the bondholders at the same time, Argentine Cabinet Chief Jorge Capitanich said in his daily press briefing at Government House on Tuesday. Read full article


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  • Be serious

    Hope Judge Griesa resists the temptation to compromise with these shysters.

    Jun 25th, 2014 - 08:11 am - Link - Report abuse 0
  • La Patria

    When discussing business, money, or any kinds of negotiations involving Argentina, the words “good faith” are not what you expect to hear. Even in Argentina you'd get a wry smile if you tried to use them.

    Jun 25th, 2014 - 08:42 am - Link - Report abuse 0
  • toxictaxitrader2

    Newspaper ads!
    Taking it to the U.N.!
    Asking for new stay,within a few days of it being lifted!
    I hope their soccer team play with such tenacity,(I got a bet on them).

    Jun 25th, 2014 - 08:51 am - Link - Report abuse 0
  • reality check

    Talking everywhere, except where they should be!

    Clever, shows deep commitment to resolving the situation.


    Jun 25th, 2014 - 09:00 am - Link - Report abuse 0
  • Iron Man

    Seeing the reaction to the Suarez biting incident, and the way the Uruguayans are defending him ('the press are making it up'; 'Chielini is a bad sportsman'; 'This happens all the time and is not a big deal'). Serious question, are there different moral values in South America? Do they all think they can just lie and we will accept their word and disbelieve the evidence of our own eyes?

    If one of my countrymen had done what Suarez has I would be thoroughly ashamed and condemn him, not least for what he has done for external views of my country. Some things transcend sport, and this is one. Is there no culture of responsibility or sense of shame in South America, or are we only hearing from a minority and there are Uruguayans who are embarassed by all of this?

    Jun 25th, 2014 - 10:12 am - Link - Report abuse 0
  • yankeeboy

    If you want to try to think like a an Alba nation ( plus Argentina Brazil), think about a civilized person then take out reason, responsibility and honor.
    Then you be able to understand.

    Jun 25th, 2014 - 10:15 am - Link - Report abuse 0
  • Briton

    One wonders what Argentine attitude would be , if others owed her money and refused to pay..

    Jun 25th, 2014 - 10:39 am - Link - Report abuse 0
  • kelperabout

    Looks like everything these Argentine Trolls are trying to portray on here is about to com back and haunt them big time. Argentina cant afford to pay the hedge funds because they are on the verge of a financial melt down.

    That is why the Falkland features so high on their agenda. Seen that happen in 1982. Just a matter of time before the people in Argentina rise up and make their own demands for more money as their living standards continue to decline.

    Pretty obvious that the Falklands is the only place near to them that could turn their financial problem around but they know only to well it is not going to happen any time soon and time is something they do not have when I comes to playing with the big boys.
    Could the massive debt owed by Argentina be the beginning of the end of that Country. Might we see the break up of this once mighty place.

    Wonder what Thinks take on this would be. Maybe he is back at the presidential office of CFK getting his next set of instructions.

    Jun 25th, 2014 - 11:40 am - Link - Report abuse 0
  • yankeeboy

    8. Banks are offering a 39% savings rate!!
    Truckers want a 40% raise, they were offered 28% they will strike.

    So its already happening.

    Looks to Caracas for their immediate future with or without a bond deal.

    Jun 25th, 2014 - 11:43 am - Link - Report abuse 0
  • AzaUK

    i think they have had more then there fair chance to start negotiations in the past and now seek to because they failed. The doomed Argentine Republic

    Jun 25th, 2014 - 11:52 am - Link - Report abuse 0
  • yankeeboy

    I would be shocked if he put a stay on his orders against the wishes of the bondholders.
    I am not sure on what legal grounds he could even issue it.

    They have 5 weeks to come to an agreement, if they are serious that is plenty of time to get it worked out.

    At this point it looks like they will default and try to blame it on NY Courts. Let's see if that changes as eom July approaches.

    Jun 25th, 2014 - 11:58 am - Link - Report abuse 0
  • ChrisR

    Urinate on the way out of the building, aka “piss off” would be a good comment for Griesa to make.

    I think he should be awarded a Nobel Prize for “sympathetic dealing with a bunch of idiots” if there is one.

    No dafter than the “global warming oh, sorry, climate change, oh sorry we don't know about that, either” award.

    Jun 25th, 2014 - 12:07 pm - Link - Report abuse 0
  • Z-ville


    They have been artificially suppressing the massive inflation now for years with fake numbers and endless lies. It will blow up in their faces in a spectacular fashion - once the cork pops out of the bottle it can't go back in.
    And yes, they'll probably try to go to some dark corner of the world to borrow more money...
    ntina appears to to be trying to borrow their way out of debt. They put into system a series of endless defaults and

    Jun 25th, 2014 - 12:09 pm - Link - Report abuse 0
  • yankeeboy

    13. I can't think of 1 country with enough money that would loan to Argentina. They had Chavez for awhile but that's long since past ( like him).
    I am pretty sure their “willingness” to negotiate is just a show. They've done it plenty of times before. I bet they will storm out, CFK will do some nationalistic dictator like speech saying we tried everything but they wouldn't even give us time to negotiate. They are trying to steal our “patrimony” blah blah blah.
    and it all may happen by next week
    I hope it does
    I prefer if they default so I can watch the country crumble.
    It is a good lesson for everyone including the Progs in the USA. Too bad most of them don't know where BA is.

    Jun 25th, 2014 - 12:32 pm - Link - Report abuse 0
  • CabezaDura2

    The Argentine total debt will be near 300 Bn US$ by the end of the K administration... REAL GDP perhaps the same as Chile's GDP.
    With the massive challenges that the country faces it seems like the “Won Decade” bill will be paid for years to come

    Jun 25th, 2014 - 12:35 pm - Link - Report abuse 0
  • The_TroLLing_Stone



    Jun 25th, 2014 - 01:05 pm - Link - Report abuse 0
  • yankeeboy

    16. There are tons of “help wanted” signs everywhere I go.
    You should see where I live. There are 20+ new shops and restaurants opening a couple blocks away. Really high end stores I've never even heard of, I guess they are from out of the country. So things must have picked up pretty dramatically in the last quarter.

    I'm not worried. Once Obama is gone this place will be rocking. His terrible policies have everyone holding onto enormous amounts of cash.

    I am off to NOLA for a few days, gotta get a fix on the amazing food, music and fun like no where else in the world. Don't worry I'll be watching the Rg collapse poolside drinking Hurricanes.

    Jun 25th, 2014 - 01:14 pm - Link - Report abuse 0
  • The_TroLLing_Stone

    I thought you didn't depend on the weather.

    And here you lose 3% of GDP due to that oh so unpredictable surprise even that happens between January and March called “winter”.

    lol... histerious AND hillerical.

    Jun 25th, 2014 - 01:19 pm - Link - Report abuse 0
  • Condorito

    @5 Iron Man

    As Don Quixote said, “que el amor y la guerra son una misma cosa, y así como en la guerra es cosa lícita y acostumbrada usar de ardides y estratagemas para vencer al enemigo.”

    or in more modern English usage:

    “All is fair in love and war.”

    In much of South America and nowhere more than on either side of the River Plate you need to extend that to:

    “All is fair in love, war and football.”

    Jun 25th, 2014 - 01:22 pm - Link - Report abuse 0
  • The_TroLLing_Stone


    At least you know how we operate in those fields.

    Can't say the same for Chile since admittedly, you basically have experience in none of them.

    Jun 25th, 2014 - 01:26 pm - Link - Report abuse 0
  • Condorito

    We have plenty of experience of winning at war and losing at football. I prefer that to winning at football and losing at war.

    Jun 25th, 2014 - 01:41 pm - Link - Report abuse 0
  • The_TroLLing_Stone

    I knew you would try to foist that.

    What and HOW MAY wars have you won, and against WHOM. Please by all means, go ahead. Dazzle us.

    Losing at football? To lose you first have to qualify.

    Jun 25th, 2014 - 01:50 pm - Link - Report abuse 0
  • Condorito

    Ah, I didn't realise you were one of the sycophantic Anglophile Argies that actually derives pride from the fact that you finished second in a war with a “global power”.

    Jun 25th, 2014 - 02:02 pm - Link - Report abuse 0
  • yankeeboy

    Toby, one quarter doesn't make a year. I'm am not seeing a slowdown by any stretch of the imagination.
    As I said I am not worried and my business is quite dependent on a good economy.
    In fact this year is setting up to be my best year ever, even better than the years preceding being able to try to retire to Argentina at a very young age.
    The USA will have an amazing next decade, watch and see.

    Jun 25th, 2014 - 02:05 pm - Link - Report abuse 0
  • Anglotino

    Yes the US contract in the last quarter but its YoY is still 2.0%.

    Argentina not only contracted in the last quarter, but its YoY is -0.2%.

    Nostrils won't understand the significance in that.

    2 negative quarters in a row. Will a third one be announced in September? Consensus says yes and that's a recession.

    Let alone the fact Argentina is experiencing inflation of nearly 40% while its economy is actually contracting. That take a special sort of economic incompetence.

    Jun 25th, 2014 - 02:06 pm - Link - Report abuse 0
  • yankeeboy

    25. Their numbers don't reflect the massive layoffs in the Auto ( and other) industries. They've been dead stopped for a month.
    Just wait.
    it is getting worse faster

    Jun 25th, 2014 - 02:10 pm - Link - Report abuse 0
  • The_TroLLing_Stone


    See, you just diagnosed your own problem.

    You Chileans are fixated in time and mind on two events: the Faklands Conflict, and the War with Peru. To you, those are the only two conflicts that ever existed.

    Totally understandable than in such a created little world, you see yourselves as a modern Day Rome of War, and “conjure us up as amateurs.

    But he key word is ”created little world“, the real one is far different both in history and reality. I don't want to you cause mental trauma listing the true history here, so please remain in ”el mundo del reves“.


    ”my business is quite dependent on a good economy”

    No wonder you have had plenty of time in the last six years around here! Outted!

    Jun 25th, 2014 - 02:13 pm - Link - Report abuse 0
  • Condorito

    “To you, those are the only two conflicts that ever existed.”
    No, you asked, I answered.

    I think a quick look through the news papers in either country would easily establish which country is fixated on the Falklands conflict.

    Do try to be right about something sometime.

    Jun 25th, 2014 - 02:21 pm - Link - Report abuse 0
  • yankeeboy

    27. You may be right about that but luckily I will never have to worry about having enough money to do whatever I want anytime I want.

    Business picked up pretty dramatically 3 years ago, doubling every year. This year is expected to be a blowout.

    It is too bad you'll never know what it is like to be in a place like this.

    You've already seen what will be the best time Argentina will have for the next generation. Your kids will be poorer and dumber than you.
    I know you think that is impossible but your history will show that's the trend.

    Jun 25th, 2014 - 02:23 pm - Link - Report abuse 0
  • The_TroLLing_Stone


    I can't disagree on your last point. But it shows we have no shame in telling the world we lost a war. Unlike almost every other nation, including the US and UK, that do al possible to hide, delete, efface, and rewrite all obvious evidence of losing a war (Iraq, Vietnam, Suez, 1845 Argentine blockade, etc)

    Jun 25th, 2014 - 02:25 pm - Link - Report abuse 0
  • Condorito

    I would say your national fixation with the FI has more to do with the rabid desire to recover the islands.

    I think you are off target with your criticism of the UK and US. Iraq is too recent - from their press you could conclude that they are in the process of digesting the failure of that war. Suez - in any British bookshop there are rows of books about the Suez defeat and the significance of it.

    They could be excused for not knowing much about the Argentine blockade when you consider that in the same year they were probably involved in several similar campaigns around the world - it wasn't exactly significant.

    If a country wished to hide its defeats would it not also celebrate its victories? The British don't even celebrate Waterloo.

    Jun 25th, 2014 - 03:12 pm - Link - Report abuse 0
  • GeoffWard2

    # 5
    'Serious question(s):
    are there different moral values in South America? ...
    Is there no culture of responsibility or sense of shame in South America?'

    From my years of living in the Continent -
    the answer to the first question is “Yes”,
    and the answer to the second is “Yes, there is no culture or sense of shame”.

    Individually, you may well meet South Americans where the answer is “No”, but the abiding culture is “I'm in it for all I can get - both within the law and beyond”.

    Jun 25th, 2014 - 03:15 pm - Link - Report abuse 0
  • kelperabout

    Still no sign of el think. Guess he will refrain from accepting that his precious Country is becoming even more broke and may el totally financially ruined if they have to pay up the hedge fund debt soon.

    Mean while back on the ranch here at home lovely weather and the financial future gets brighter by the day.
    Cant wait to see the comments when the first barrel of oil reaches the surface.
    Maybe in a few short years will be buying Argentina . Now that would be the icing on the cake.
    Catch you all later che, from the best little Country on earth have a nice day.

    Jun 25th, 2014 - 03:27 pm - Link - Report abuse 0
  • CabezaDura2

    A very accurate brief and explicative state of the Argentine “Republic's” (dictatorship) finances.

    The sheer scale of lies propaganda of all these years and even more the way they have successfully managed to pull and stretch the economy to keep on consuming and have the State spending is breathtaking...

    Jun 25th, 2014 - 03:37 pm - Link - Report abuse 0
  • Be serious

    33 Don't think she cares, she's pimps off Doddy but mainly lives off benefits in Glasgow.

    Jun 25th, 2014 - 03:47 pm - Link - Report abuse 0
  • wesley mouch

    I am confused, Could not the money that CFK and fat Maximo have stolen and stashed in Switzerland be used to make the payments. The Argentine ethos is one of criminality and crookedness. Hope they default again and the country sinks. Warning to Americans: Obama is the latter day Peron

    Jun 25th, 2014 - 03:55 pm - Link - Report abuse 0
  • yankeeboy

    36. We know exactly what Obama is! Thank goodness Senate control will change this year and the majority will be stronger in Congress. He will be lucky if he doesn't have to resign. The problem is Biden is even worse! I think that's the only reason Odumbo hasn't been impeached.

    Jun 25th, 2014 - 04:06 pm - Link - Report abuse 0
  • ElaineB

    Obama won't resign but Boehner plans to sue him. You only have to go into Boehner's private office to get the measure of the man. I am not really a fan of either.

    Jun 25th, 2014 - 04:40 pm - Link - Report abuse 0
  • Briton

    Why has not CFK [-begged -]/asked their greatest newest ally CHINA for a few bob,

    after all, china surely has billions to spend on Argentina, do they

    Jun 25th, 2014 - 05:52 pm - Link - Report abuse 0
  • yankeeboy

    38. I don't like either of them but its what we have to work with! I am pretty sure there will be a special prosecutor appointed for the IRS scandal and we'll have to see where it leads. I think Obama is so arrogant he doesn't think the laws apply to him.
    I'd like to see that changed.

    Jun 25th, 2014 - 06:15 pm - Link - Report abuse 0
  • reality check

    Tax inspectors used as a tool of oppression, in the states, a crime that could bring down a government.

    In Argentina, usual practice, who cares a shit!

    Jun 25th, 2014 - 06:29 pm - Link - Report abuse 0
  • MagnusMaster

    @36 It COULD, but it won't. Argentina can't recover it as the people involved are too powerful and they are stashed in the dark holes of Seychelles and Cayman Islands. The only way the money could be used is if the world powers use their pressure to let Singer seize the money from there and not from other assets Argentina has BUT obviously they won't do this, they need the havens safe from any lawsuit.

    Jun 25th, 2014 - 06:50 pm - Link - Report abuse 0
  • golfcronie

    What a good idea have a war to bring your country united, wait you already did it in 1982

    Jun 25th, 2014 - 06:56 pm - Link - Report abuse 0
  • yankeeboy

    The Int'l banks are preparing contingencies for an Arg default.

    Jun 25th, 2014 - 07:20 pm - Link - Report abuse 0
  • Conqueror

    @30. How you like to prevaricate. Try a REAL country. Between 1792 and 1815, Britain wiped the floor with France and Spain. Between 1914 and 1918, Britain wiped the floor with little Germany. A bit of assistance. The British Empire. France. No-one else of significance. Between 1939 and 1945, Britain wiped the floor with slightly larger Germany. A bit of assistance. The British Empire. No-one else of significance. In 1982, Britain showed argieland it couldn't take the piss. Britain did it alone! And you can't “recover” any South Atlantic islands. Because they've never been yours. And never will be. You can't EVER beat Britain!

    Jun 25th, 2014 - 07:22 pm - Link - Report abuse 0
  • Jmackiej

    What rubbish, they have 19 billion dollars in reserves, 1.3 billion is small patatas to them. Stop whingeing and pay your debts, you should have thought about it before you STOLE Repsol from Spain. What a bunch of crooks.

    Jun 25th, 2014 - 07:32 pm - Link - Report abuse 0
  • reality check

    Argentinas latest mantra,

    “we want to pay but they won't let it.”

    What a load of bollocks!

    Jun 25th, 2014 - 09:43 pm - Link - Report abuse 0
  • yankeeboy

    This malarkey of going to the UN and trying to win support from foreign nations just makes them look foolish.
    They should know by now the USA couldn't care less what other nation's opinions are of anything we do.
    These people are like the country mouse going to the city.
    Hyuk hyuk
    Plus for gosh sakes that Elvis wannabe should get a hair cut, new suit,a shirt that fits and decent shoes. Nobody is going to take him seriously looking like a a rico suave slob.

    Jun 25th, 2014 - 09:53 pm - Link - Report abuse 0
  • Anglotino

    Nostrils says:

    “Unlike almost every other nation, including the US and UK, that do al possible to hide, delete, efface, and rewrite all obvious evidence of losing a war”

    I say:

    Our national day, ANZAC Day, celebrates one of our worst defeats in war. Seems Nostrils didn't Google enough before posting unsubstantiated crap again.

    Jun 25th, 2014 - 10:10 pm - Link - Report abuse 0
  • Joe Bloggs

    Argentina remembers the day they invaded the Falklands.

    The UK observes Remembrance Sunday to remember those who died on all sides in war.

    Wake up to yourself Nostrils. You really are making a cock of yourself.

    Jun 25th, 2014 - 11:01 pm - Link - Report abuse 0
  • Captain Poppy

    #30. Assmouth titti boi you honestly believe that in the USA we hide the outcome of Vietnam and teach we won that war?

    Jun 26th, 2014 - 01:40 pm - Link - Report abuse 0
  • ChrisR

    From BsAs Herald, Judge Griesa's letter denying the stay:

    No surprises there then!

    Jun 26th, 2014 - 05:47 pm - Link - Report abuse 0
  • Doggy Rap

    5 Iron Man

    What do you mean by “moral values in South America”?

    Cheat, steal and lie is what it is about.

    Jun 27th, 2014 - 01:50 am - Link - Report abuse 0
  • Iron Man

    Thanks 19, 32 and 53 - what a horrible attitude to life. I'm not condemning because for an individual it must be very hard to do the right thing when you see others around you succeeding through lies and cheating. I just think that unless as a people this culture can be overcome then the countries will never fulfill their potential.

    And in the meantime the rest of us have to deal with being told that black is white and the only reason some think it is black is because of a colonial conspiracy.

    Jun 27th, 2014 - 05:40 am - Link - Report abuse 0

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