MercoPress. South Atlantic News Agency
Summit supports Argentina in its struggle with bond holders
The two-day summit of Ibero American leaders meeting in Mexico, besides the traditional declaration, also put out a special statement in support of Argentina and its ongoing struggle with speculative funds. Read full article
Comments
Disclaimer & comment rulesThis is all well and good as long as those nations voting to support the Argentine position understand tyhat they are also voting for higher borrowing costs for themselves.
Dec 10th, 2014 - 10:11 am - Link - Report abuse 0Implementing such decisions is increasing the risk profile of sovereign debt and the result of that will be an increase in the cost of borrowing.
I think they should just use a FICO credit score like with individuals. Scores under xxx do not qualify for borrowing. I think that will leave a vast majority of SA out of borrowing. Safer for investors anyway.
Dec 10th, 2014 - 10:21 am - Link - Report abuse 0@2
Dec 10th, 2014 - 10:44 am - Link - Report abuse 0Sounds good, only borrow what you can afford to pay back, best if Argentina pays now as all this bleating is giving them a bad name. Who in their right mind would lend to country that is not only refusing to pay it's debts and then going on the International circuit drumming up support for not doing it. I thought restructuring was a negociation not a right.
Looks to me as if these 'leaders' don't understand what TDC did to the bondholders.
Dec 10th, 2014 - 10:48 am - Link - Report abuse 0TMBOA et al couldn't have been lying again, could they?
Why doesn't MercoPress get a real translator?
Dec 10th, 2014 - 11:20 am - Link - Report abuse 0”2) Express their most absolute rejection . . .“ (= Express their UTMOST absolute rejection . . .”
IF- Summit supports Argentina
Dec 10th, 2014 - 11:47 am - Link - Report abuse 0then let the stupid summit pay her debts and end this stupid farce once and for all,
so they say,, chuckle..
An Ibero-American 'summit', eh? I think these 'summits' are very useful. Tells us who the crooks are. Note the identities. Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, the Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Portugal, Spain, Uruguay and Venezuela. These are our enemies.
Dec 10th, 2014 - 02:02 pm - Link - Report abuse 0Maybe something lost in translation but Capitanich has stated that “ Before the tax evasion case, we need them to pay the fines, the compensatory interests ” So the Argentine Government has already judged the case by calling for fines. HSBC pay the fines you are GUILTY came the cry from the Argie Government. No wonder no-one can get justice in Argentina, either 1) you are guilty immediately or 2) it takes that long to come to court that you are released because of “ statute of limitations ” law. LMFAO Fuck me what a shit country for law abiding citizens ( if you could find one ) that is.
Dec 10th, 2014 - 02:34 pm - Link - Report abuse 0What's particularly galling about this is that the Argentines agreed to the jurisdiction of the US courts in order to be able to borrow at a lower rate of interest and then refused to abide by those courts when they gave a ruling.
Dec 10th, 2014 - 02:40 pm - Link - Report abuse 0It is Argentina not the lenders that are putting the financial markets at risk
What a ridiculous waste of time. The court case has been decided Argentina lost at every step.
Dec 10th, 2014 - 03:33 pm - Link - Report abuse 0Trying to rally countries nobody cares about won't change anything.
All they're doing is wasting time.
They're not a smart people
The RUFORH will no longer be an available dodge in a few days. Commodity prices are plummeting. The angels are falling. The money trail is exposed. rotting roadkill/Cretina is doomed.
Dec 10th, 2014 - 04:05 pm - Link - Report abuse 0Does the summit support the argentine people in their struggle with their corrupt stalinist government that wants to create hunger and chaos?
Dec 10th, 2014 - 06:04 pm - Link - Report abuse 0If only the Arg gov't would concentrate on the stuff that matters:
Dec 10th, 2014 - 07:19 pm - Link - Report abuse 0http://wgbhnews.org/post/argentina-where-cash-king-and-robberies-are-rise
The opinion of anyone before this reply is utterly and haplessly irrelevant. Only Argentina's opinion matters.
Dec 11th, 2014 - 03:41 am - Link - Report abuse 0@14...and that is all they have 'opinions', the law is not on their side, the truth is not on their side. There is their 'opinion' and then there are the facts.
Dec 11th, 2014 - 10:17 am - Link - Report abuse 0Argentinas opinions are totally irrelevant, all that matters is that they abide by the law they signed up to when begging for money, their 'opinion' on the matter is worthless.
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