MercoPress. South Atlantic News Agency
Argentia economic situation can become 'harmful' for the region says Moody's
Credit ratings agency Moody's Investors Service has warned about the Argentine situation which can become “harmful” for Latin America, stating that the country's economy is in “decline” and qualifying current policies as “highly risky.” Read full article
Comments
Disclaimer & comment rulesOh jolly good, hopefully they will take all their friends on the decolonisation committee down the pan with them.
Sep 24th, 2014 - 04:00 pm - Link - Report abuse 0Obviously they are going to hurt their neighbour but they won't lose any sleep over it.
Sep 24th, 2014 - 04:06 pm - Link - Report abuse 0Don't Moody's listen, they are not in default!
Sep 24th, 2014 - 04:07 pm - Link - Report abuse 0Why on Earth did the article not mention Uruguay?
Sep 24th, 2014 - 04:18 pm - Link - Report abuse 0Thanks to unfair trade barriers imposed by Argentina, the trade between Chile and Argentina is only moderate. The Chilean investment to Argentina into the retail sector as well as some other areas such as mining and petroleum will be hit, but nothing serious.
The Financial Times explained why the economies are so different and not dependent upon each other: http://blogs.ft.com/beyond-brics/2014/01/24/chile-and-argentina-economic-worlds-apart/
But the question remains,
Sep 24th, 2014 - 04:21 pm - Link - Report abuse 0Is it incompetence, arrogance, and greed in the Whacky Leadership that is driving their economy into the ground, or are they simply insanely delusional?
They obviously did not here Chritina referring to her country as a $490b economy.
Sep 24th, 2014 - 04:25 pm - Link - Report abuse 0peso up to 15.9/1. It seems to be in a hurry today. Will it hit 16 by the end of the day?
Sep 24th, 2014 - 04:38 pm - Link - Report abuse 0Comment removed by the editor.
Sep 24th, 2014 - 04:43 pm - Link - Report abuse 07. Wow that's quite a jump for 1 day. If that happened in civilized countries we'd be really worried.
Sep 24th, 2014 - 04:46 pm - Link - Report abuse 0Based on the huge run up and there's really nothing to stop it I think we've almost seen the last of the 2 digit inflation.
Oh boy, that's a doozy!
Sep 24th, 2014 - 04:47 pm - Link - Report abuse 0Here are a few more people asking “Can Argentina survive Cristina?”
Sep 24th, 2014 - 05:09 pm - Link - Report abuse 0https://www.youtube.com/watch?v=roBdSN8HfNU
https://www.youtube.com/watch?v=roBdSN8HfNU
Wow, Just checked today It has beat my expectations http://dolarblue.net/
Sep 24th, 2014 - 06:15 pm - Link - Report abuse 0Great news for me!
Moody's is a paid arm of the British Foreign Office. Disregard.
Sep 24th, 2014 - 06:32 pm - Link - Report abuse 04 Chilote
Sep 24th, 2014 - 06:34 pm - Link - Report abuse 0why do you post links to that 3rd class newspaper .. lol
in rio gallegos we have good schools not like you where we learn good math.
my good math lets me know that chile with $41 B in reserves + $28 B in wealth funds doesn't have enough not to depend on us.
these guys at the ft are paid to support chile.
@13 NtN
Sep 24th, 2014 - 06:35 pm - Link - Report abuse 0You really believe that?
@15
Sep 24th, 2014 - 06:48 pm - Link - Report abuse 0No, I don't, apologies.
I thought it was Fitch.
Moody's is a paid arm of the United State's State Department. Disregard.
@NtN
Sep 24th, 2014 - 06:51 pm - Link - Report abuse 0Apology accepted.
I think Fitch is a paid arm of the French Republic.
#11 Stoker
Sep 24th, 2014 - 06:53 pm - Link - Report abuse 0Thanks for the excellent link to the conference at the Hudson I. which I recommend to all readers here.
At the end of the conference, a sole questioner highlights the problem of Argentina. They don't obey the rules in their country, but generally are able to comply in other countries when they travel.
CFK is whining on at the UN right now. Poor, poor Argentina having borrowed and spent all that money now has to pay it back.
Sep 24th, 2014 - 06:53 pm - Link - Report abuse 0#19 Elaine
Sep 24th, 2014 - 07:08 pm - Link - Report abuse 0Well, at least to China, the others can be negotiated with...
16.10/1
Sep 24th, 2014 - 07:09 pm - Link - Report abuse 0Holy crap.
@8 Mamarracho No.1
Sep 24th, 2014 - 08:25 pm - Link - Report abuse 0Totally false and arrogant presumptions! You never change, do you nabo?
@21
Sep 24th, 2014 - 08:32 pm - Link - Report abuse 0So the peso-laden floodgates are finally starting to burst? Is mommy going to have to come home early to tell the boys to stop playing with the printing press?
“..stating that the country's economy is in “decline” and qualifying current policies as “highly risky.” ”
Sep 24th, 2014 - 08:48 pm - Link - Report abuse 0In other news, a bear shat in the woods.
Actually, the more I read, the bankruptcy of Argentina will be overall very positive for Chile. That's interesting. Not only cheaper goods, services and lower vacation costs, but a supply of skilled workers to join our economy. We've seen capital flight for some time, but even Argentine vintners are making investments here.
Sep 24th, 2014 - 09:21 pm - Link - Report abuse 0fatty gordo forro 22
Sep 24th, 2014 - 09:38 pm - Link - Report abuse 0what false presumptions, you @sshole?
what can you know about southamerica anyway, fatty gordo forro?
fake paulcedron @ 14
i have to admit that i agree with most part of your post.
but luckily, and thanks god, christ and all the saints, i am not from río gallegos (and it is río with accent in the i), but from san isidro.
let´s hope that this 4th class newspaper improve its security to avoid the activity of trolls like you.
The motorbike thief who tried to steal a backpack from a Canadian tourist admitted he only wanted to steal because it was his sons birthday.
Sep 24th, 2014 - 10:24 pm - Link - Report abuse 0Two questions
1) Why did he not sell his motorbike as any decent person would.( probably steals nafta for his bike anyway )
2) where are the police? he admitted it on a local tv station.
Only in Latam could you admit a felony and get away with it, no wonder Latam is so fucked up.
I don't think Griesa liked CFKs UN speech and it may have just cost them U$50K/day in penalties until they pay.
Sep 24th, 2014 - 11:40 pm - Link - Report abuse 0All the lithium has eaten what little brain she ever had.
“threatens with damaging the strong social advances achieved during this last decade”
Sep 25th, 2014 - 12:51 am - Link - Report abuse 0Can anyone tell me what some of these social advances might be specifically?
Did some good advances happen in Argentina? It wasn't “an advance” the article mentioned, it was “advances”. What were they? Did CFK do a few things right?
Who cares, the NorthAmoans, and the EUians will be disctracted for the next couple of days.
Sep 25th, 2014 - 01:12 am - Link - Report abuse 0https://www.youtube.com/watch?v=ndH_xz0qnxE
Can you tell me what are some of the good things your president has done for your country that this article is referring to as social advances?
Sep 25th, 2014 - 02:48 am - Link - Report abuse 0@31
Sep 25th, 2014 - 02:53 am - Link - Report abuse 0You can only do so much when the combined weight of North America, Japan, Europe, and others are trying to crush your ability to protect your trade and resources.
The article mentions “social advances” in Argentina. You mention “only so much”, but that is still something.
Sep 25th, 2014 - 03:34 am - Link - Report abuse 0Can you name some of the few social advances that your president has managed to implement, despite your claims of vehement global hostility towards your country?
Dear MercoStanley,
Sep 25th, 2014 - 03:40 am - Link - Report abuse 0Can you spell A R G E N T I N A please?
Thank you
@34 Marcos
Sep 25th, 2014 - 05:28 am - Link - Report abuse 0Allow me to spell it...L O S E R S
Hope that helps.
@33 Bushpilot
Sep 30th, 2014 - 06:58 am - Link - Report abuse 0Hi man how you doing, CFK got a lot of things right actually, to mention just a few I'll tell you that when she and her sweetheart got in office this country unemployment rate was an outrageous 30 percent. Today is no more than 9 at the worst. Also thousands upon thousands of companies and factories were closed and bankrupted, while today those companies are back on their feet again and thousands of new ones opened for business. I wouldn't say she is perfect, no-one is, but overall she did a great job. Do I think is time for a change? Yes. We need a fresh start. It's time for her to retire and let the new guys step in and handle the new scenario.
Cheers.
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