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Timerman presents plan to regulate sovereign debts before the UN on Tuesday

Monday, September 1st 2014 - 13:46 UTC
Full article 67 comments

Foreign Minister Hector Timerman referred to Argentina’s plan to regulate international debt restructurings, to be presented on Tuesday before the UN’s General Assembly, and stressed the importance of the project saying that “the legal loophole is huge” and that it affects “most of the countries in the world.” Read full article

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  • 4n conTroll

    As I understand it, the next step is to make the Argentine debt issue a common MERCOSUR and UNASUR issue. Argentina will present a proposal that if Argentina cannot pay its debt due to one judge, then all the other countries in Latin America will stop paying their debts.

    After that obviously the issue must go to the Security Council, where a resolution against the New York courts should be drafted, introduced, and voted upon. This issue needs to be thoroughly discussed at the UNSC.

    Also Argentina should bring the issue at the Arab League, and to have Israel and all Jewish Organizations come out with statements of support. ASEAN must also get involved, and we must continue to pursue this at the OAS, the Court of Justice, IMF, WB, IDB, WTO, BDE, and UNCLOS. And finally demand NATO act against Singer and CO.

    Argentina fights on all fronts.

    Sep 01st, 2014 - 02:35 pm - Link - Report abuse 0
  • yankeeboy

    Rgs never miss an opportunity to embarrass themselves.

    Sep 01st, 2014 - 02:47 pm - Link - Report abuse 0
  • 4n conTroll

    We should also strike a resolution with the African Union and CARICOM.

    Sep 01st, 2014 - 02:48 pm - Link - Report abuse 0
  • ElaineB

    Or Argentina could just sit down and negotiate a settlement over a cup of tea.

    Sep 01st, 2014 - 03:03 pm - Link - Report abuse 0
  • reality check

    You can strike a deal with who ever you like, the UN is not the forum for sorting out court litigations.

    It's not why it was founded and it's a total misuse of their time and efforts, the Middle East is in flames, Europe on the brink of war and Argentina wants to use them to keep the Bailiffs from the door.

    Sickening!

    Sep 01st, 2014 - 03:09 pm - Link - Report abuse 0
  • 4n conTroll

    Argentina gives a fly-fuck about Europe. If staying neutral in two wars there didn't convince you. Has no effect on us.

    @4

    If Argentine savers get their money back from 2001 that the foreign banks stole, then I would be open to these millionaire foreigners getting back the money of others that Argentina took.

    Sep 01st, 2014 - 03:21 pm - Link - Report abuse 0
  • ElaineB

    @6 Fortunately, your wishes are irrelevant.

    Sep 01st, 2014 - 03:27 pm - Link - Report abuse 0
  • owl61

    @6
    To paraphrase Jack Benny:
    Che, patriotismo o los buitres...
    Well? ...I said patriotismo o los buitres!
    I'm thinking, I'm thinking.

    Sep 01st, 2014 - 03:29 pm - Link - Report abuse 0
  • 4n conTroll

    @7

    And that's how you hide and cower, behind “my wishes”. And note the use of the world “forntunately”.

    You are yet another foreigner who approved of the theft of billions of dollars from the savings of Argentines in 2001. And you have called for those people to get their money back, 100% full.

    Just like you demand the bondholders.

    You are just another morally bankrupt (pun intended), and hypocritical foreigner.

    Sep 01st, 2014 - 03:29 pm - Link - Report abuse 0
  • Leiard

    @9

    Nielsen: “Public spending is out of control”

    http://www.cronista.com/economiapolitica/Nielsen-El-gasto-publico-esta-fuera-de-control-20140901-0067.html

    Sep 01st, 2014 - 03:39 pm - Link - Report abuse 0
  • 4n conTroll

    Comment removed by the editor.

    Sep 01st, 2014 - 03:43 pm - Link - Report abuse 0
  • Brit Bob

    Dear Hector,

    this is what happened when a country fails to pay its debts.

    What next, the UN C24?

    Sep 01st, 2014 - 03:47 pm - Link - Report abuse 0
  • yankeeboy

    Toby you're so stupid. Your govt stole the bank savings not the Intl banks
    And its gonna happen again.
    They will do another forced pesoization of foreign denominated accounts and devalue. Just like the did before.
    Filthy scumbags.

    Sep 01st, 2014 - 03:51 pm - Link - Report abuse 0
  • Chicureo

    For whatever silly reason that's beyond my capacity to understand, I truly doubt nations will unite in solidarity and stop paying their international obligations just because Argentina is a nation of swindlers, liars and kleptomaniacs.

    As a boy, I remember my nanny telling the story of “El Flautista de Hamelin” and thus the lesson that you “...have to pay the piper...” Or face the terrible consequences.

    In the Argentine version of the Pied Piper of Hamelin, the piper captures and leads away from the nation almost all remaining attributes of honestly and common sense...leaving the rats (like Timerman) behind.

    In the Paul Singer version of the story, when the Argentine citizenry refuse to pay their obligations, the piper wisely realizes to write off the debt owed with these Latin deadbeats and sells at a heavy discount to vultures...

    I agree with Elaine's suggestion, but her solution would be considered science fiction in Buenos Aires...

    Sep 01st, 2014 - 03:52 pm - Link - Report abuse 0
  • ilsen

    @1 Tobi
    NATO? you want to take it to Nato? You want Nato to act against Singer& Co.?
    I really don't understand what you are talking about. Do you know what NATO is?
    Just in case you don't
    The North Atlantic Treaty Organization (NATO; /ˈneɪtoʊ/; French: Organisation du traité de l'Atlantique Nord (OTAN)), also called the [North] Atlantic Alliance, is an intergovernmental military alliance based on the North Atlantic Treaty which was signed on 4 April 1949. The organization constitutes a system of collective defence whereby its member states agree to mutual defense in response to an attack by any external party.

    Why would an “intergovernmental military alliance”
    a) get involved in Contract Law and/or economic policy?
    b) attack one of it's own citizens?
    c) support a non-member country against a member country?
    d) attempt to change International Law?

    Please explain your thinking on this proposal.

    Sep 01st, 2014 - 04:03 pm - Link - Report abuse 0
  • Don Alberto

    @ 15 ilsen who writes to idiot child Tobias: “Please explain your thinking on this proposal.”

    ilsen, please explain what you mean by “thinking” when the post is addressed to Tobias.

    Sep 01st, 2014 - 04:53 pm - Link - Report abuse 0
  • 4n conTroll

    @13

    Lie. It was foreign banks who undercapitalized their argentine affiliates. They cheated and stole, as they have done half a dozen times SINCE 2001 all over the world.

    You are an utter imbecile for denying the fact that banks have behaved criminally in various financial crises the last 10 years. The common point in all of them is that they were underfunded because the bankers STOLE the money, on salaries, golden pensions, lavish trips, etc. But since you are all for crony capitalism, you would not understand the foulness of such behavior.

    @15

    I'm for taking it to all possible venues, which I listed above. What is there to lose? Our credit rating? HAHAHAHAHAHAHA.

    @14

    And thus you are as stupid as Elaine. “Settlement”... of what? Singer and co never in 15 years wanted to negotiate. All or nothing. So they got nothing.

    Sep 01st, 2014 - 05:30 pm - Link - Report abuse 0
  • yankeeboy

    Toby you're so stupid. I lived there then I know exactly what happened. You're govt is going to do it again very soon. Steal everyone's U$ in the bank and give them back worthless pesos. Then they'll devalue them more.
    If you can't see it coming you're dumber than I thought and that's saying a lot.

    Sep 01st, 2014 - 05:44 pm - Link - Report abuse 0
  • ChrisR

    Well the speech went well:

    Blah, blah, blah, and thank you for your support over our claim to the Malvinas, wherever they are.

    Sep 01st, 2014 - 06:08 pm - Link - Report abuse 0
  • gordo1

    El mamarracho @17 is clearly not very well! It seems to me he needs a strait jacket fitted and his hands tied behind his back to prevent him “polluting” Mercopress.
    How boring he is - but still we can only laugh at his stupidity and total lack of maturity!

    Sep 01st, 2014 - 06:09 pm - Link - Report abuse 0
  • 4n conTroll

    USA and UK, the and of “FATBERGS”

    http://finance.yahoo.com/news/insane-photos-shows-sewer-workers-161632806.html

    As they say, life isn't fair. Argentina has crystal pure water ICEBERGS, Britain and United States have disgusting choking oozing FATBERGS.

    Sep 01st, 2014 - 06:13 pm - Link - Report abuse 0
  • Briton

    Hector Timerman

    Apparently he thanks the UN and the World for its support over the Falkland's
    debt ?? what debt..lol

    Sep 01st, 2014 - 06:43 pm - Link - Report abuse 0
  • Ekeko

    @21

    Your doing it again.......rise above it.......

    Btw all sewers have that, it's down to the amout of oil deposited into the foul water system which then congeals and have to be cleared out, manually normally...

    What I will say this about the banking crisis is it wasn't down to the banks, it was down to de regulation of them..governments caused banks to be as insolvent as they were or allowed them to cross risky business ventures and personal ones, giving them a bigger pool of money to utilise. which then the banks took the view of minimising stagnant assets/maximising yield of cash in hand. I.e covering risky ventures with people personal savings.

    this had also happened during the Great Depression...and no one globally learnt from the previous vortex so was a global issue from the outset. Not just one continent etc......

    Sep 01st, 2014 - 07:17 pm - Link - Report abuse 0
  • golfcronie

    Most countries do not need to RESTRUCTURE their debt, they, the responsible ones, pay the money back, but heho it is Argentina we are discussing. So I suppose as they have NO MONEY they have to RESTRUCTURE. Thieving Gits.

    Sep 01st, 2014 - 07:22 pm - Link - Report abuse 0
  • 4n conTroll

    @24

    Why do most countries have to borrow money? Ever thought of that? Makes no sense that everyone has to borrow.

    Don't you all see the conspiracy?

    Sep 01st, 2014 - 07:24 pm - Link - Report abuse 0
  • Ekeko

    @25 what conspiracy?

    Say for example your roads are knackered and you need to make a large investment into them, but you don't have the cash to pay, you get a loan...it's as simple as that or you say bugger it and have a dirt track instead.

    The reason Argentina got caught out is too much debt taken on, and probably decreasing exports/tax revenue to cover it.

    Having some form of debt week to week or month to month is normal from whatever view point you take. You get paid monthly? Month in lieu? Join the club.

    Oddly if used correctly it Is supposed to make investments into infrastructure etc easier. Ie give your supplier/contractor monies up front via credit on tick and you sort it out later on. And pay the bank back over whatever timeline.

    Debt isn't a problem it's managing it that is.

    Sep 01st, 2014 - 07:34 pm - Link - Report abuse 0
  • 4n conTroll

    If you made people pay tolls for all roads and all streets, borrowing would not be necessary. I have always said street and road usage should be tolled. The more you use, the more you pay. IF you stay off the streets, you pay nothing.

    Sep 01st, 2014 - 07:42 pm - Link - Report abuse 0
  • Ekeko

    @27

    Correct but you still need to pay for the initial charge of building them either through direct taxation and creating a cash surplus or raising of capital from the bank or getting the company who built it to pay for it then taxing the road user to use it...privatisation...in essence..

    Pay your money and take your choice...

    Sep 01st, 2014 - 07:47 pm - Link - Report abuse 0
  • Monkeymagic

    Toby

    Thank you for support over the Falklands.

    Now, you ask why do most countries borrow money?

    It is really quite simple. Most of us want to save for our old age. Every month An individual may invest c$2000 into a pension fund. The pension fund wants a return on that investment, so that when I retire, my pension is bigger than what I've invested.

    So, the pension fund looks for people who want to borrow money.

    Governments (at least sensible ones) want to borrow money for large capital projects with multi-year paybacks. This saves raising taxation today, and avoids hitting services.

    They are able to payback the loans with the income generated from the capital investment.

    Happy government, happy population, happy pension fund holder.

    The problem arises when the government supplement day to day expenditure with loans, (I.e the Labour Party in the UK), where benefit handouts or certain public sector jobs are increased to win votes. This generates no revenue and is a long term problem. If necessary these costs should be covered by taxation increases, often they are unnecessary.

    A major major problem occurs when a government borrows money from international investors, with no intention of paying it back, squanders it on corrupt schemes lining their own pockets, and does not give anything to the infrastructure of the country.

    This leads to all avenues of new loans closed, no infrastructure, and huge debt.s

    Corrupt government, broken society, poverty striken nation.

    Hope that helps

    Sep 01st, 2014 - 08:23 pm - Link - Report abuse 0
  • yankeeboy

    27. Your education is an embarrassment. Do they teach busoness , economics or even simple math in that horrible country?
    If you are a typical RG its no wonder that place is and will always be a disaster.

    Sep 01st, 2014 - 08:26 pm - Link - Report abuse 0
  • ilsen

    Take it to NATO then, you won't get in the door. If they can stop laughing, you might get killed.
    Just in case you can find the money for a flight, the UK is holding the NATO Summit 2014.... THIS week in Wales.
    Why don't you turn up and present your case?

    Meanwhile, here are some numbers for you

    http://m.bbc.co.uk/news/uk-wales-28978645

    Sep 01st, 2014 - 08:49 pm - Link - Report abuse 0
  • Falkland Islands

    I hope the UN tell them to go and get knotted, and pay what they owe!

    Sep 01st, 2014 - 09:35 pm - Link - Report abuse 0
  • Leiard

    “The assets of Cristina Kirchner in 2013 increased 16% to over $ 50 million”

    http://www.cronista.com/economiapolitica/El-patrimonio-de-Cristina-Kirchner-aumento-en-2013-un-16-y-supera-los--50-millones-20140901-0103.html

    Sep 01st, 2014 - 09:41 pm - Link - Report abuse 0
  • Anglotino

    Monkeymagic @29
    Great explanation. Nailed it.

    But I'm still trying to fathom the naivety of Nostrils thinking that we'll run countries like Colombia and Chile would be willing to default as a mark of solidarity with Argentina. Not only does it show a woeful lack of understanding those countries but an inflated sense of Argentina's importance.

    It truly made my day. I can't help laughing.

    Sep 01st, 2014 - 11:29 pm - Link - Report abuse 0
  • golfcronie

    @33
    I understand that she also has income TAX FREE, can anyone tell me how it is possible to get 3.42 million TAX FREE, only in Argentina I suppose.

    Sep 01st, 2014 - 11:29 pm - Link - Report abuse 0
  • behonest

    Fondos buitres or vulture funds has now become a general latino expression for an excuse to pass the blame for economic incompetence.

    yesterday on spanish tv there was a aggressive programme about evil american fondos buitres buying up swathes of unsold Spanish properties on the cheap and how the general Spanish population were the hard done by victims. .... However they forget to mention the greedy Spanish property developers who in cahoots with the greedy local mayors built overpriced properties with borrowed monies from cajas ( regional Spanish banks ) now bailed out by the Spanish government which in turn have been bailed out by the EU .... you couldn't make it up .
    The latino way is to take what you can then pass the buck on and cry fowl.

    Sep 02nd, 2014 - 01:05 am - Link - Report abuse 0
  • imoyaro

    @35
    Perhaps this might provide an answer to your question.
    http://www.buenosairesherald.com/article/168625/parrilli-answers-servinis-queries-in-ephedrine-case-

    Sep 02nd, 2014 - 02:25 am - Link - Report abuse 0
  • 4n conTroll

    @36

    Who was at fault for 1974 and 1992 in the UK?

    @29

    I think borrowing is not needed. You simply save the money for a big infrastructure project, and then when you have the money you build it. You award a contract and give the money in full, with the caveat that if the project goes over budget, the contractor is the one on the line. Of course the government cannot demand additional things once the project is given.

    This eliminates in one throw a) debt, b) paying interest (which is completely lost tax money), c) corruption in the building of projects, since there is only X amount for the project there is no incentive by the contractors to incur “add-ons”, that would be at their expense.

    Sovereign debt is the greatest myth in the history of humanity. Countries do not need it. It is the greedy bankers that need it.

    Sep 02nd, 2014 - 02:25 am - Link - Report abuse 0
  • Chicureo

    #38
    Let me be the first to congratulate you. Both the former Stalinist socialist paradise of Albania as well as the current DPRK came to your same self reliance and independence you preach about.
    To paraphrase a baroness that I deeply admired: “The problem with [Peronism] is that you eventually run out of other people's money.”
    Your are completely right, those greedily bankers are always wanting their money back...really brilliant my boy...

    Sep 02nd, 2014 - 03:51 am - Link - Report abuse 0
  • screenname

    4n conTroll@6: 'Argentina gives a fly-fuck about Europe. If staying neutral in two wars there didn't convince you. Has no effect on us.'

    I disagree, those 2 world wars had a huge effect on Argentina that it still feels today due to very bad choices made in response.

    It's almost as if you were some alternate version of Spain/Italy, but without Germany to bail you out...

    oh, I forgot...you are.

    Sep 02nd, 2014 - 03:54 am - Link - Report abuse 0
  • 4n conTroll

    @40

    Didn't Germany bail you out in 1974? I don't get this whole “bail out” snobbism from the Brits, when they were bailed out decades before the Spanish were. The Italians were not bailed out by the EU.

    And let's remember the biggest bail-out of all: Germany after 1945.

    You are correct though, Argentina is the only country in the developed and developing world never to be bailed out.

    @39

    No, I said the greedy bankers are the ones that want to make loans. It is the responsibility of the non-bankers to REFUSE borrowing and getting into debt!

    Sep 02nd, 2014 - 04:11 am - Link - Report abuse 0
  • screenname

    @41...actually the assistance Germany gave Italy due to bad historic moves which I was writing about was the support for Mussolini...your inability to see beyond the EU seems to magnify the Argentinean (or Spanish) national trait of not being able to address your murky past because nobody came to level your shitbag-fascist country.

    International trade is the solution, not the problem.

    Sep 02nd, 2014 - 04:35 am - Link - Report abuse 0
  • imoyaro

    @38
    “...the former Stalinist socialist paradise of Albania...”
    Can't you just see the giant concrete letters spelling out “TOBIAS,” (or whatever his real name is,) on the side of the hill to the center right, a la Enver Hoxha?
    http://www.hoteltraveltour.com/photos/the-glory-hill-views-over-mendoza.jpg
    A man's gotta have a dream! ;)

    Sep 02nd, 2014 - 04:44 am - Link - Report abuse 0
  • 4n conTroll

    @42

    International trade destroyed Argentina in the 1990s. We were forced to buy everyone's products, and everyone banned ours. The WTO did nothing.

    Sep 02nd, 2014 - 04:47 am - Link - Report abuse 0
  • imoyaro

    @42
    “...everyone banned ours.”
    I'm not real sure what you are talking about. I used to buy yerba mate' and lemon juice concentrate that originated in your country. I now buy a brand that uses Paraguayan yerba, and have switched to fresh lemons, but that's a personal choice. You can thank your government for that.

    Sep 02nd, 2014 - 04:54 am - Link - Report abuse 0
  • 4n conTroll

    All I know is that many companies that were ready to offer products to the world were told no by the world, and all the care and production was for not, and they closed down, leaving either the factories to rust, or the hard grown produce to rot. Foreign fiends.

    Sep 02nd, 2014 - 05:09 am - Link - Report abuse 0
  • Carlos Saul Mendez

    Has anyone seen this: http://www.youtube.com/watch?v=5DnGOukmEIE

    Sep 02nd, 2014 - 06:18 am - Link - Report abuse 0
  • HansNiesund

    @38

    Speaking of vultures, how about lawyers who made their money in the home repossession business? What kind of bird are those?

    Sep 02nd, 2014 - 08:24 am - Link - Report abuse 0
  • lsolde

    @14 Chicureo,
    You made me laugh with your description:-
    “Argentina is a nation of swindlers, liars & kleptomaniacs”.
    Still giggling.

    Sep 02nd, 2014 - 09:16 am - Link - Report abuse 0
  • yankeeboy

    Toby, Maybe you don't understand that Argentina must create products that people want at a price they think is fair.
    Argentina has never been able to do this.
    That's why it fails every decade.
    You're one of the least productive countries on the planet.
    You're too lazy and get paid too much
    Plus the corruption “tax” makes it unprofitable to produce in the long term.

    One serious trend is tax revenue growth is now 10%+ BELOW inflation growth. Which means you're on the way into a depression.

    YPF increased the price of gas again, 60% yoy. That will flow into more inflation. I wonder if they can keep it under 50% this year?
    Methinks not

    Sep 02nd, 2014 - 11:27 am - Link - Report abuse 0
  • Conqueror

    @1. Good luck. Go ahead and prove that the whole of latinscum needs to be immolated.
    @3. Hey ho. World war.
    @4. A cup of tea with polonium. There are only a tiny minority of argentines that deserve to live.
    @6. Neutral? You mean cowardly. Most argies are cowards.
    @9. Did you owe money? Yes you did. No theft. Just recovery. And her “decade”? Financed by theft.
    @17. Amazing. All these separate banks using the same means to destroy a useless, criminal country. What's wrong with destroying a useless, criminal country? Perhaps if argieland wasn't so anal, belligerent, corrupt, criminal, degenerate, genocidal, intransigent, larcenous, mendacious, putrid, stinking, vicious and xenophobic.
    @21. Biology not one of your many specialisms? Fat is an important part of life. YOU aren't.
    @25. Getting desperate? Ever borrowed money? Ever wondered why argieland has borrowed more than US$200 billion? Heres a tip. When China, Iran, North Korea, Russia want their money back, they won't “ask”. They'll “take”.
    @27. Strange. Never seen you mention that before. Would it take a week before Campora tore you limb from limb? Whoops, why did I mention that?
    @38. 1974 End of the OPEC oil embargo on Europe? 1992. UK announces creation of Iraqi no-fly zones.
    @41. Only in your “limited mind”. argieland has been bailed-out at least 8 times.
    @44. Overpriced crap? You shouldn't mention the WTO. Didn't exist before 1995. Many years passed before WTO understood argie mendacity.
    @46. Don't blame the world for not wanting overpriced crap. And argieland still hasn't learned not to produce worthless, overpriced crap. Continue producing unwanted GM rubbish. And contaminated meat. I reject New Zealand meat because of the slaughter method. Wouldn't “accept” anything from mendacious argieland. Never been known to tell the truth!

    Sep 02nd, 2014 - 12:28 pm - Link - Report abuse 0
  • Orbit

    Not seeing too much impact of Timerman's bleating at the UN in the media. Did he even break the mould and turn up on time?

    But did find this gem from a privileged, fawning, ivory tower muse:

    http://time.com/3177365/argentina-debt-default-2

    One might proffer though that journalistic integrity has been jeopardised by leaving her laptop in Uncle Axel's office over lunch:

    “Argentina has mostly been locked out of international capital markets for more than a decade, so what’s really a shame is that all the painstaking economic reconstruction over that period in this country of 40 million people is now in jeopardy.”

    Sep 02nd, 2014 - 12:46 pm - Link - Report abuse 0
  • yankeeboy

    I really have the feeling we'll be hearing of a auto mfg pulling out soon. They're telling the dealer network not to sell product because of the HUGE devaluation they are expecting and they don't know what the replacement cost will be.
    I couldn't have set this up any better if I was the one trying to collapse them.
    I wonder what BCRA's cash on hand is today?

    Sep 02nd, 2014 - 01:33 pm - Link - Report abuse 0
  • imoyaro

    Wow they buried this story fast, it was up less than 10 hours before it disappeared from the front page of the paper's site. Looks like Christina has another form of income.
    http://www.buenosairesherald.com/article/168625/parrilli-answers-servinis-queries-in-ephedrine-case-

    Sep 02nd, 2014 - 02:06 pm - Link - Report abuse 0
  • Chicureo

    #49 Isolde
    Glad you smiled.

    #52 Orbit
    Did you notice that the author of the Time article is Jordan Timerman, who's father is Héctor Timerman....

    Sep 02nd, 2014 - 02:08 pm - Link - Report abuse 0
  • yankeeboy

    54. They've already threatened the judge with impeachment. I've said before the next Prez should let the USA DEA investigate these scumbag Ks and let them all rot in a USA jail.

    Sep 02nd, 2014 - 02:24 pm - Link - Report abuse 0
  • reality check

    Yankeeboy

    Did I read somewhere that KFC has accused the Auto Manufactureres of fixing the figures and are infact, hiding the cars!

    What next? Automobile detection dogs?

    I would start searching under the mountains of Soy they are also hiding.

    Sep 02nd, 2014 - 04:34 pm - Link - Report abuse 0
  • MagnusMaster

    @57 Yup, she said that. They aren't hiding the cars per se, but stocking them up and refusing to sell them because they are speculating on a depreciating currency, just like the farmers. Fiat said they had to export everything they had in order to get more currency to import parts. CFK is also accusing the automakers of fudging numbers in import declarations to get 8 billion dollars that weren't spent on imports.

    Sep 02nd, 2014 - 05:29 pm - Link - Report abuse 0
  • imoyaro

    @58
    “CFK is also accusing the automakers of fudging numbers in import declarations to get 8 billion dollars that weren't spent on imports.”

    Oh, I see, she wants her cut.

    Sep 02nd, 2014 - 05:58 pm - Link - Report abuse 0
  • yankeeboy

    You heard it here 1st. The auto mfgs will pull out. There is no reason to mfg in Argentina. None whatsoever.
    Once they go the country will have nothing left.
    She is s a very stupid woman.

    Sep 02nd, 2014 - 06:06 pm - Link - Report abuse 0
  • Briton

    It really cheers one up to sit here and listen to the desperate Argies trying to defend the undefendable..

    Sep 02nd, 2014 - 06:39 pm - Link - Report abuse 0
  • Brit Bob

    http://money.msn.com/investing/6-countries-that-could-be-going-broke

    Poor, poor Argentina.

    Still you can always rely on Hilarious Hector for some belly-laughs.

    Sep 02nd, 2014 - 07:30 pm - Link - Report abuse 0
  • chronic

    rotting roadkill as a world leader. That's funny.

    Sep 02nd, 2014 - 07:42 pm - Link - Report abuse 0
  • Chicureo

    #58&59

    The only place in the world where automakers don't want to sell their assembled cars...
    http://www.infobae.com/2014/09/02/1591946-tras-las-acusaciones-cristina-kirchner-los-concesionarios-dicen-que-no-se-encanutan-autos

    Sep 02nd, 2014 - 08:00 pm - Link - Report abuse 0
  • Leiard

    “The Banco de la Nación Argentina in Montevideo, the dollar sells for $ 18.65”

    http://www.cronista.com/finanzasmercados/En-el-Banco-de-la-Nacion-Argentina-en-Montevideo-el-dolar-se-vende-a--1865-20140902-0103.html

    Sep 02nd, 2014 - 09:44 pm - Link - Report abuse 0
  • hurricane

    Goofy and company once again show the world what true world leaders they are.
    Remember the machinery deal that Goofy declared with Angola? There is a lot of chatter that the whole thing was really Goofy giving public money to the government thieves for BLOOD DIAMONDS. Once the diamonds were moved out to her Lair they would be washed and who would ever know the origin. Think about it. What would anybody want with Angola? I'm just saying.

    Sep 03rd, 2014 - 03:00 am - Link - Report abuse 0
  • ilsen

    I have said it before, but it bears one more repetition.
    If you wish to see the future of Argentina you only have to look to Venezuela.
    The only state that can turn the worlds largest resource of heavy crude, 39 million hectares of arable land and some of the best tourism opportunities globally into a loss making exercise and force the population into poverty and a reliance on state handouts.
    Unless there is drastic change, Argentina will follow.

    Sep 05th, 2014 - 11:46 pm - Link - Report abuse 0

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