MercoPress. South Atlantic News Agency
Saying Argentina has defaulted is “an atomic nonsense” underlines Kicillof
Argentina's Economy Minister Axel Kicillof denied point blank that Argentina defaulted on its debt and described such statement as “an atomic nonsense”. The minister gave a press conference in Buenos Aires a day after the failed negotiations with holdouts in New York and claimed ”those who today cheer the apocalypse, applauded the 2001 (crisis).” Read full article
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Disclaimer & comment rulesClearly the reality of the rest of the world is not the same as Axel's.
Aug 01st, 2014 - 03:03 am - Link - Report abuse 0Another planet, in another galaxy, in another dimension.
In this dimension and world, Axel's bizzare comments discredit himself and his government. They are the new vultures of the Casa Rosada.
Our neighbours to the South will continue to suffer.
They are ready to suffer the Argentines, which is why you don't see anyone not even the opposition questioning the government.
Aug 01st, 2014 - 03:07 am - Link - Report abuse 0Argentina will refuse to play by the Anglo-EUian rules to the bitter end. If it means death, so be it.
If it looks like a duck and quacks like a duck then it's a duck. Stubborn arrogant fool Argentinian politicians.
Aug 01st, 2014 - 03:28 am - Link - Report abuse 0Axel Kicillof:
Aug 01st, 2014 - 04:45 am - Link - Report abuse 0“The minister again bashed Judge Griesa and his 'incongruence” reflected in the ruling that allows 1% to block 92% of legitimate bondholders”
Funny, that's exactly what “Voice” said in his post, word for word.
I guess we know exactly what reality he believes in.
Do Argentine politicians give press conferences or press statements? You never see Q & A sessions with the press reported in these releases. You never see paragraphs in these reports that go something like this:
Aug 01st, 2014 - 04:56 am - Link - Report abuse 0When asked by a reporter from La Clarin how it was that Argentina can claim not to be in default, despite the fact that none of the funds deposited in BNY were destined for the holdouts, an angry Kicillof glared at the reporter for several seconds before saying “you're from Clarin, aren't you!”
Lie, cheat and deny, it's the Argentine way. Well worth their 106th position in the Global Corruption Index.
Aug 01st, 2014 - 07:16 am - Link - Report abuse 0Argentina should be administered by the Falkland Islands.
Aug 01st, 2014 - 07:23 am - Link - Report abuse 0Remember Comical Ali who was doing a press conference stating that there were no America had not invaded whilst a few hundred yards behind him US troops and tanks were fighting?
Aug 01st, 2014 - 07:28 am - Link - Report abuse 0Kicillof is Argentina's Comical Ali
He really was having a rant, wasn't he. Sounds like he isn't getting much sleep despite supposedly being totally in the right.
Aug 01st, 2014 - 07:52 am - Link - Report abuse 0Although I applaud him for excelling in the official obfuscation strategy. He's got that one nailed at least.
kicillof: “There is no default. There are collection problems due to a judiciary sentence. The money held by judge Griesa is not ours, it belongs to bondholders,” argued Kicillof...”
Aug 01st, 2014 - 08:07 am - Link - Report abuse 0the handling of crooks with money of which they know will not be paid out to the creditors is not valid in normal business relations.
but this silly, childish quasi minister keeps repeating the idiotic instructions of his mistress.
let´s see what kind of nonsense he tells today in court.
Poor little Axel. It's a pity that, while he was getting his education, he didn't bother with “language”. So let's be clear. Depending on the method used, there are at least two parts to a “payment”. There is making funds available and receiving funds. This is quite easy to understand. If you shop on-line, the terms and conditions will likely include the proviso that the goods etc remain the property of the seller until payment is received. Taken to the appropriate degree, if you send funds and the seller doesn't receive them, you pay have to pay again. One would have thought that someone with a “doctorate” in economics would have understood that. However, he got his “doctorate” from the University of Buenos Aires. So kind of like scraping a pass in a GCSE 'O' level. Although, by this time, the appropriate exam board for the GCSE would probably have made contact to ask for the certificate back!
Aug 01st, 2014 - 09:19 am - Link - Report abuse 0Where does this child get his ideas from? Has he ever been to a store? Strangely, a store wants money. In one form or another. And it won't give you the goods until you hand over the dosh.
He's an amazing little pillock, isn't he? However, his time in the limelight will be short. He's currently operating THE BIG LIE. Let's guess at his future. No reputable business will want him. So he'll just carry on working for crooks. Until somewhere catches up with him when he no longer has political protection.
A little tip, chucking in the word atomic into a statement about economics (unless you're actually talking about power stations) tends to remind people about your glorious leaders Radioactive Nuclear Penguins Of Death statements, which is never a good thing for your credibility.
Aug 01st, 2014 - 10:04 am - Link - Report abuse 0@7
Aug 01st, 2014 - 11:03 am - Link - Report abuse 0“Argentina should be administered by the Falkland Islands.”
: )
http://theoccasionalpigeonuk.blogspot.co.uk/2014/07/falkland-islands-offer-to-govern.html
Given this rant he won't be seeing Griesa today that's for sure.
Aug 01st, 2014 - 11:22 am - Link - Report abuse 0Contempt of court to this level would demand a prison sentence.
Falkland Islands has the highest standard of living in South America and the highest GDP. Argentina should be asking itself why and can it be emulated?
Aug 01st, 2014 - 12:11 pm - Link - Report abuse 0I had a good laugh at the childishness of his rant. They simply do not get the concept “rule of law” do they. I honestly feel Argentina was hard done by with Griesa's “parri passu” interpretation, but thats no excuse for the way this government has handled the situation since.
Aug 01st, 2014 - 12:16 pm - Link - Report abuse 0#5 I have been arguing this point about press conferences with my in-laws for years. But like all kirchnerites, they live in an alternate reality and think if you say something out load enough times, it becomes true.
Griesa has ultimately done more damage to the Mob run financial instructions on Wall Street by pushing Argentina and Latin American countries toward Russia and China.(BRICS development bank).
Aug 01st, 2014 - 12:21 pm - Link - Report abuse 017. A very quick way for the new BRIC bank ( if it ever gets off the ground) would be to lend to Argentina or the Alba nations.
Aug 01st, 2014 - 01:01 pm - Link - Report abuse 0They have a nasty history of not paying back loans.
Which is why nobody else will lend to them.
I am pretty sure they're not going to set up the BRIC bank just to see it fail in short order.
Stupid Leftists don't understand how anything works in the real world.
The Bric bank will exploit the fees once destined for London and New York.
Aug 01st, 2014 - 01:28 pm - Link - Report abuse 0This coupled with Russia and China moving away from the US dollar as reserve currency.
19. The BRIC bank, if it ever gets off the ground is denominated in U$. SO how exactly is it moving away from the USA?
Aug 01st, 2014 - 01:40 pm - Link - Report abuse 0How can China move away from the U$? We are their largest trading partner and are propping up their society.
Nobody cares what Russia or Brazil does. They're so poor it doesn't matter.
Any way the amount of capital is insignificant almost laughable.
A lot of Europeans would disagree that nobody cares what Russia does.
Aug 01st, 2014 - 01:48 pm - Link - Report abuse 0As for the US propping up China's society. The Chinese are still plotting revenge for the Opium wars 150 years ago. Don't underestimate them.
21. Wow, you must be smoking something pretty harsh dude.
Aug 01st, 2014 - 02:08 pm - Link - Report abuse 0Russians have no money and their economy is collapsing over sanctions.
Brazil is run by Marxist Monkeys have high inflation and dwindling exports. Soy probably won't be profitable next year for them with their crappy infrastructure. Then what?
China's economy looks to also be imploding. They've been using massive loans to manufacture and build stuff nobody wants. I doubt China will look the same over the next decade. They have to pay hazard pay to foreign executives to live in Beijing because of the pollution. They are manufacturing stuff to keep people working but not selling the stuff.
That can't last too long.
1.4 billion people. They can buy their own shit once wages start rising. The infrastructure in China is out if this world. I felt like I was in a Sci fi film when travelling through airports and Train stations. And trains thumping along at 300+Ks . How fast are trains in the States? And Russia no money. Check out how much Gold they have. And sanctions are merely a threat. The Germans, Italians and other Western Europeans need Russian Gas. That's bad luck for the Ukraine.
Aug 01st, 2014 - 02:27 pm - Link - Report abuse 0China's biggest trading partner is the US and it's next biggest is HK. A city state inside itself. It's trade is not to far off that of the US. Incredible. These guys are going to probably develop Argentinian Shale reserves. The US should be doing this. Thank Griesa and Singer for setting back relations 20 years.
You seriously think HK is buying all the crap from China? Bahahaha those are all fake invoices to get money out of China.
Aug 01st, 2014 - 02:32 pm - Link - Report abuse 0You my friend need to put down the bong.
Yes lots of new infrastructure, lots of cities nobody is living in too. Its a good way to keep people working but it is not sustainable. They've been catching themselves up to the rest of the world. Now they're just building to keep people working.
Not going to last.
@ 21 Lucdeluc
Aug 01st, 2014 - 04:36 pm - Link - Report abuse 0“The Chinese are still plotting revenge for the Opium wars 150 years ago. Don't underestimate them.”
Well I certainly haven’t underestimated you! What a plonker you are.
The First Opium War: 1839 – 1842
The Second Opium War: 1856 – 1860
BOTH these had nothing to do with the US: they were instigated by the BRITISH, FFS.
Piss off and come back when you are not under the influence of mind altering drugs, if you ever get that far.
@25. Small points. Britain won both Opium Wars. And they were both started by China. Moreover, the U.S. was involved in the Second War. See the http://en.wikipedia.org/wiki/Battle_of_the_Pearl_River_Forts and when the USS San Jacinto bombarded the Dagu Forts in support of British and French troops on the ground.
Aug 01st, 2014 - 05:49 pm - Link - Report abuse 0Re Opium Wars,
Aug 01st, 2014 - 09:29 pm - Link - Report abuse 0Lucdeluc is correct.
The Chinese haven't forgotten them.
Doesn't matter about the details about who started them or who joined in.
They have not been forgotten.
The Chinese have also not forgotten what Japan did to them in the 1930s.
Retribution for that will probably happen before retribution for the Opium Wars.
And l have been to China also & Lucdeluc is again correct about the infrastructure being created.
Having said that, l wouldn't want to live there.
A great place to visit, but not stay.
'Kelpers tease networks and call the country as 'defaultina' -
Aug 01st, 2014 - 09:55 pm - Link - Report abuse 0With the failure of negotiations in New York and the state of default, the inhabitants of the Malvinas in Argentina laugh on Twitter.
British people of the Falklands rejoice at the economic situation and the cessation of payments to bondholders. After the collapse of the negotiations in New York was known, appeared again on the Twitter account @ falkland_utd mocking messages against Argentina .
“Defaultina” was one of the words from the user chose Falkland Islands, as the British call it the southern islands, to laugh the same people that claims sovereignty over territory occupied since 1833 ...'
www.infobae.com/2014/07/31/1584461-kelpers-se-burlan-las-redes-y-llaman-al-pais-como-defaultina
28
Aug 01st, 2014 - 11:10 pm - Link - Report abuse 0Steve,
Thanks for the translation.
Nasty K's , lying to stir up anger in the population.
Do they show any links to support their propaganda claims?
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