MercoPress. South Atlantic News Agency
Argentina looks to Uruguay to issue sovereign bonds and pay creditors
A former chairman of Argentina's central bank board, Aldo Pignanelli considered neighboring Uruguay could be a “trustworthy” option for Argentina to issue sovereign bonds and pay creditors. Uruguay has an outstanding international reputations regarding abiding by contracts and ensuring legal security, added the Argentine banker. Read full article
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Disclaimer & comment rulesrotting roadkill, how many more old partisan hacks do you have to trot out in this melodrama? Who are you trying to delude? Yourself? Uruguay law adds no charm to rotting roadkill bonds. In fact it would do just the opposite and confirm how desparate rotting roadkill is and reveals the true likelihood of default for future peronist regimes.
Sep 04th, 2014 - 08:22 am - Link - Report abuse 0Saying that Uruguay is trustworthy implies his own country is not.
Sep 04th, 2014 - 09:14 am - Link - Report abuse 0*point gun at foot - shoot...*
Uruguay should stay far away from this idea. It would take about three minutes before Argentina starts screaming that Uruguay is screwing them.
Sep 04th, 2014 - 10:39 am - Link - Report abuse 0There are very few banks in the world that don't have some sort of connection or branch in the USA.
Sep 04th, 2014 - 11:05 am - Link - Report abuse 0All of these shenanigans coming out of CFK will amount to nothing but a contempt charge. These actions are cementing the idea that Rgs are deadbeat scofflaws and anyone associated is going to have that taint rub off on them.
Uruguay should stay clear of anything as poisonous as an Argentine Bond deal.
Sep 04th, 2014 - 11:17 am - Link - Report abuse 0Uruguay is at risk of infection. ..
The main bank in Uruguay is BROU (government owned). It has a branch in NY and is extensively used as a clearing bank for foreign transactions to and from Uruguay. I know that all my funds from the UK come through this branch.
Sep 04th, 2014 - 11:23 am - Link - Report abuse 0We have in ‘No Money Pepe’ an illiterate, innumerate argie arselicker for TMBOA and I am concerned that even though he is the laughing stock of the electorate in the main part he is still the president. He was the cretin who gave away the UYU judiciary to the argies in their search for ‘illegal dollars’ in UYU banks. The argies now control our financial legal arm of the judiciary and DEMAND (their favourite word) that their ‘requests’ for private bank account information are processed irrespective of the damage it does to Uruguay. One bank has already left the country over this.
So once again the murdering commie bastard will very likely allow this fiasco because of brotherly love.
What happens next of course is very predictable and Uruguay will end up paying for the argie lawyers when it all goes tits up.
It's not really a problem. The world has watched argieland evading the law. The important thing is that New York law is respected around the world. Will Uruguay be associating itself with a place that is not “respected” for anything. Would I depend on Uruguayan law with argieland hanging over its shoulder and breathing foul breath down its neck? Not a chance.
Sep 04th, 2014 - 12:20 pm - Link - Report abuse 0Uruguay, you too can have a credit rating and reputation like Argentina!
Sep 04th, 2014 - 01:37 pm - Link - Report abuse 0How, you ask?
Why just sign on this dotted line and don't worry about a thing.
Is Pepe stupid enough to accept this proposal? Did he just agree to accept a load of Islamic terrorists into his country?
Sep 04th, 2014 - 09:50 pm - Link - Report abuse 0Yes, yes he is that stupid.
This would not only be a bad decision for Uruguay, but a stupid one too. I hope they don't do it.
Sep 05th, 2014 - 11:26 am - Link - Report abuse 0But wait, why little Uruguay? How about Brazil instead? It makes far more economic sense, and Brazil would not be bullied by Argentines if something went wrong?
Sep 05th, 2014 - 02:15 pm - Link - Report abuse 0...oh I see, then its Uruguay...
@11
Sep 05th, 2014 - 09:25 pm - Link - Report abuse 0You are correct Sir. The only reason they have suggested this is because they like to bully the judiciary if they don't agree with the decisions. They see this as a 'legitimate' way of maintaining 'control'. Farm it out to a legitimate neighbour, then bully them into doing what the corrupt K-gang want.
So obvious!
The financial markets can see this coming a mile off!
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