MercoPress. South Atlantic News Agency
Argentina and hedge fund NML Capital ratify their commitment to keep fighting
Argentine Central bank chief Alejandro Vanoli, said the country will be not getting down on its knees in a negotiation with 'vulture funds' (hedge funds), once the January first date comes and the controversial RUFO clause, (preventing Argentina from voluntarily offering holdout creditors better terms than those of its 2005 and 2010 restructurings), falls. Read full article
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Disclaimer & comment rulesVanoli says “ is getting it all wrong about how the national government works” the sad thing about such a statement is that nobody knows how “ the government works ” not even those in said government.
Nov 06th, 2014 - 07:40 am - Link - Report abuse 0TDC must look under every stone in the country to find individuals such as Vanoli: incredibly politically inept and probably utterly incompetent (they usually go together).
Nov 06th, 2014 - 10:59 am - Link - Report abuse 0The ides of January cometh by which time things will look totally different.
And much worse for TDC.
I'm always amused when they use the term “economic model”. Is there a document that details what that model actually is? To an outside observer it's a “crisis management make it up as you go along” model.
Nov 06th, 2014 - 01:35 pm - Link - Report abuse 04. The model is to make the citizens poorer, more miserable and more dependant on the Gov't.
Nov 06th, 2014 - 01:38 pm - Link - Report abuse 0Just like Venezuela.
And it is working.
No Buenos Aires Herald tomorrow, apparently it is NATIONAL NEWS VENDERS DAY, PMSL, do they have a day off for every trade or profession in TDC? No wonder it is going to the dogs.
Nov 06th, 2014 - 02:22 pm - Link - Report abuse 05. That's why when Magnus says they are productive I make fun of him.
Nov 06th, 2014 - 02:43 pm - Link - Report abuse 0I think their water is poisoned.
Lots of delusion on that place.
Lots
900 - o
Nov 06th, 2014 - 05:15 pm - Link - Report abuse 0lol.
Typical argie tosspot. Not to worry, argieland won't exist for much longer. Reminds me of the end of the Third Reich.
Nov 06th, 2014 - 05:28 pm - Link - Report abuse 0Ouriço
Nov 06th, 2014 - 05:38 pm - Link - Report abuse 0“ A small nocturnal Old World mammal with poor vision, a spiny coat and short legs, able to roll itself into a ball for defense. ”
Better known as a HEDGEHOG, in this case a species with bug-eyes.
Remind me.... whatcha found so far boys...?
Nov 06th, 2014 - 06:37 pm - Link - Report abuse 0Would it be a big fat zero...;-)
10. What makes you side with the lawless?
Nov 06th, 2014 - 06:53 pm - Link - Report abuse 0NML will get everything they want. As Argentina continues to quickly go down the drain the next Gov't will have no choice but to pay.
It is fun to watch tho
”Alejandro Vanoli, said the country will be not getting down on its knees in a negotiation with 'vulture funds'.......
Nov 06th, 2014 - 07:07 pm - Link - Report abuse 0Quite right, getting down on one's knees is CF's prerogative.
Only in rotting roadkill is the head of the central bank an overt partisan political operator.
Nov 06th, 2014 - 07:48 pm - Link - Report abuse 0New Flash: RUFO is a red herring and no one ever thought that the rotting roadkillians would ever bargain in good faith.
So Singer, Dart, etal will just take it from your emaciated hands.
rotting roadkill & the rotting roadkillians:
Your Gringo Amigos salute you for finally acknowledging what we have known to be true all along.
SALUTE!
@5 Nope, only those professions with influential trade unions, or highly respected have a day off. But it is just one day a year, the ones who are really slacking off are the bankers and the public employees, who have day off half of the days in a year.
Nov 06th, 2014 - 09:49 pm - Link - Report abuse 0@6 Argentina traditionally had less days off than most of the world. It wasn't until recently that the government started making holidays for any reason, and that is probably motivated by the energy shortages.
Even if we worked like donkeys 14 hours a day, seven days a week, all year long like during your Industrial Revolution we would still be too “unproductive” to you extreme-right wackos.
Magnus out of most productive countries by GDP/hours worked Argentina is 52/61.
Nov 06th, 2014 - 10:14 pm - Link - Report abuse 0Yes hard to believe there are even lazier people in the world.
Singer will get his pound of flesh, I would bet my house on it. He is very very smart, and surrounds himself with very smart people. No matter what you think of the hedge funds personally they are all bright, motivated, and will win in the end.
Nov 07th, 2014 - 12:20 am - Link - Report abuse 0Argentina on the other hand is run by a drama queen, that makes every wrong decision possible, and surrounds her self with idiots... Which side would you choose?
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Nov 07th, 2014 - 12:23 am - Link - Report abuse 0Hash: SHA1
The Argies are paying. This case is now in the English courts. The yank highway robber barons who want to steal from my grandmother have been defeated. An English judge will fix. We are the 93%.
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@15 And we have low productivity, in great part because investors prefer to invest in scams and wage slavery than on increasing worker productivity with technology. It's true that the government doesn't help, but even if we had market-friendly policies there would be little investment in worker productivity (in fact Peru and Colombia have lower productivity than us and they are market-friendly countries!).
Nov 07th, 2014 - 12:46 pm - Link - Report abuse 0Oh yes, Proctor and Gamble invested in your country, and what do you do, you find ways to close them down, what do you expect more investment? Corruption in your country is endemic, at least if we find corruption it is addressed and the perpetrators sent to prison.
Nov 07th, 2014 - 01:42 pm - Link - Report abuse 0@14. Tell us, whacko, how's your 50% inflation working for you? Your failing 'industry'? Your lack of usable energy? Your dropping exports? Your pitiful 'infrastructure'? By the way, the Falkland Islands' GDP per capita is TEN times yours. Could you get the idea that you don't know what you're doing?
Nov 07th, 2014 - 03:22 pm - Link - Report abuse 0@17. Quiet, dumbo. You have no clue. Grandma's going to starve.
18. Yes but Peru and Colombia are moving up the chart not down. Next year Argentina will be closer to the bottom as it should be.
Nov 07th, 2014 - 07:21 pm - Link - Report abuse 0Anyone with any sense should pull out of Argentina now, before it becomes Venezuela 2.0 but without the oil. Take it from me, it is not a good place to be.
Nov 08th, 2014 - 11:44 pm - Link - Report abuse 0Commenting for this story is now closed.
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