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First tranche of Chinese loan to build dams in Argentine Patagonia; CFK en route to Beijing

Sunday, February 1st 2015 - 21:52 UTC
Full article 30 comments

The construction of the Nestor Kirchner and Jorge Cepernic dams in Santa Cruz, Patagonia is finally set to begin now that China has deposited the first 287.7 million dollars tranche of funding for the massive 4.71 billion project, Argentine President Cristina Fernández announced before leaving for a state visit to China. Read full article

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  • Enrique Massot

    Not bad for a country in free fall! Not bad for a country in “technical” default for which domestic and international opposition were rejoicing less than a year ago!
    I guess the multipolar world of today allows this to countries that in past times would have become international pariahs. Welcome to a new reality.

    Feb 01st, 2015 - 10:26 pm - Link - Report abuse 0
  • Klingon

    Reason why they call it Nestor Kirchner dam?? That's who they bought a lot of the land of for the dam. Amazing how he snapped up that barren land for a few pesos and then the govt had to buy it off him for the project.

    The Chinese can have that murdering old hag.

    Feb 01st, 2015 - 10:37 pm - Link - Report abuse 0
  • Jmackiej

    Later CFK announced that it will be a great place to hide all those that have been “suicided” under her regime.

    Feb 01st, 2015 - 10:40 pm - Link - Report abuse 0
  • redp0ll

    Néstor Kirchner dam? Sounds a bit cockeyed to me

    Feb 01st, 2015 - 11:20 pm - Link - Report abuse 0
  • Briton

    China like most wealthy nations or organisation's do not give money away FREE,
    nothing but nothing is FREE,

    everything has to be paid for, everything has a price,

    so before you argies start congratulating yourselves,
    you should what price will be paid for a little bit of cash.

    perhaps then , the grin and laughter will be china's and not Argentina's.

    Feb 01st, 2015 - 11:22 pm - Link - Report abuse 0
  • golfcronie

    Most of the advanced countries are looking into the future unlike Argentina that is stuck in the past.

    Feb 01st, 2015 - 11:30 pm - Link - Report abuse 0
  • Briton

    Chiniesetina,
    has a ring to it, don't you think...lol

    Feb 01st, 2015 - 11:33 pm - Link - Report abuse 0
  • Hincha

    Has anybody seen a “Chinese Restaurant” given
    away food ?

    Feb 02nd, 2015 - 02:15 am - Link - Report abuse 0
  • georgeneurus

    DUMB ENRIQUE MASSOT, YOU SHOULD ASK JUDGE GRIESA WHY LOCK THE VUKTURES TO GRT THEIR MONEY, WEEL KNOWN THAT GRIESA AND POLLACK ARE ACTIVELY HELPING THE HOLDOUT BY DECLARING DEFAULT, BY PREVENTING SOME OF THE SWAP BOUNDHOLDERS FROM COLLECTING THEIR COUPON PRETENDS TO SUBMMIT ARGENTINE TO A TRUE EXTORTION SO IT PAYS THE VULTURE WHST THST PRETEND.

    Feb 02nd, 2015 - 05:32 am - Link - Report abuse 0
  • Skip

    Shout much?

    Not that that post made any sense whatsoever.

    If China wants to loan or give money away then take all you can Argentina. However it is just imperialism in another form. There is always strings attached to money.

    Feb 02nd, 2015 - 05:59 am - Link - Report abuse 0
  • Frank

    Two Questions.
    Will she be flying in Tango 1?
    Will she be making a stopover in Mahe?

    Feb 02nd, 2015 - 06:58 am - Link - Report abuse 0
  • lornefirth

    Do you think all that dosh is in a Swiss bank already

    Feb 02nd, 2015 - 11:17 am - Link - Report abuse 0
  • Conqueror

    @1. What a poor concept of reality you have. You're being loaned US$287.7 million. Just the first part of US$4.71 billion. Terrific. Meanwhile, in New York, you have still been judged to owe US$100 billion. That judgement won't go away. Now argie assets in the US are being investigated with a view to seizure. Welcome to the REAL reality. But you carry on living in your temporary la-la land.
    @9. What country are you trying to pretend you come from? But if I get some idea of what your gabble is supposed to mean, you might try to THINK that the 2nd Circuit Court of Appeal and the US Supreme Court agree with Judge Griesa.

    Feb 02nd, 2015 - 12:29 pm - Link - Report abuse 0
  • chronic

    All from the political system that brought you Chernobyl. That's comforting isn't it. If it's bigger than a toaster and isn't intended for a single use it better not be hecho in el china. And the children of Mao are doing all this out of altruism? Sure. The only question is when and how much. When do the perronist dogs get their cut and how much will it be.

    A decade from now the rotting roadkillians will be repudiating this debt as well. Lol.

    Feb 02nd, 2015 - 01:38 pm - Link - Report abuse 0
  • ChrisR

    @ 14 chronic
    “A decade from now the rotting roadkillians will be repudiating this debt as well. Lol.”

    I do hope I am still alive to see that!

    Feb 02nd, 2015 - 04:45 pm - Link - Report abuse 0
  • Enrique Massot

    #13
    Don't make me laugh so hard. Argentina is chugging its way along, negotiating with the Paris Club, getting loans for productive investements, essentially living its normal life, when six months earlier you were singing a requiem to the country at the hands of municipal judge Thomas Griesa?
    This is what will happen. Argentina will negotiate its debt with the vultures, in the same reasonable conditions the other 92 per cent of debt holders did in 2005 and 2010. Having had no success seizing Argentina property abroad and having failed other pressure methods, Singer and friends will accept that is better to have a bird in hand than having a hundred flying high above. End of the story.

    Feb 02nd, 2015 - 07:10 pm - Link - Report abuse 0
  • yankeeboy

    16. You might want to follow NML a bit closer, they're waiting on Argentina to furnish the list of assets outside of the USA as they are compelled to by the US Courts. Argentina lost its final appeal on this matter just before Christmas.
    The seizures haven't even begun.

    And if you think 40% inflation and lack of TAMPONS in a country is “chugging along” you must be mildly retarded.

    Feb 02nd, 2015 - 08:37 pm - Link - Report abuse 0
  • Pete Bog

    @1
    “Welcome to a new reality.”

    That reality being that China won't get their money back?

    Feb 02nd, 2015 - 08:59 pm - Link - Report abuse 0
  • chronic

    Mildly retarded? lol. Full blown, mentally impaired.

    Feb 02nd, 2015 - 09:37 pm - Link - Report abuse 0
  • cornelius

    They are selling the country to the commies the argentines can understand that china wants the natural resources ,and they are taking away from the argentines ,but is not the USA who is taking it so is ok. IDIOTS!!!!

    Feb 03rd, 2015 - 03:02 am - Link - Report abuse 0
  • ilsen

    1 Enrique Massot
    haha!
    your naivete is most amusing. Where are you comments on this new Chinese Economic Imperialism?
    Do you think they are giving you this out of Charity?

    The Argentine Ego is a sucker for the subltety of the Chinese Business/poltical class.
    You will be subugated by new masters in the C21st as you were before.

    Time to grow up!

    meanwhile, continue enjoying your nice safe life in a British Commonwealth Country where you can afford nice hats, (and electricity!)
    ;-)

    Feb 03rd, 2015 - 03:10 am - Link - Report abuse 0
  • GeoffWard2

    I seem to remember some years ago predicting that China will progressively take over Argentina

    Feb 03rd, 2015 - 10:27 am - Link - Report abuse 0
  • Mendoza Canadian

    And cfk, the hypocrite, accepts the Chinese governments “gift” of use of Twitter to the outside world so she can babble on about herself. So much for her babbling on about human rights when the Chinese people are prohibited from using Twitter.

    Feb 03rd, 2015 - 10:41 am - Link - Report abuse 0
  • Usurping Pirate

    I pity the Chinese politburo and flunkies who have to be in attendance when she arrives ..... Yet another of her haranguing , boring , over long speeches .
    The RG's will get the speech on Cadena Nacional and several other channels too , but at least they have learned to tune out the background noise .

    Feb 03rd, 2015 - 05:46 pm - Link - Report abuse 0
  • Briton

    China, Argentina set for defence collaboration, Malvinas-class OPV deal
    http://www.janes.com/article/48512/china-argentina-set-for-defence-collaboration-malvinas-class-opv-deal

    Argentine president Cristina Fernández de Kirchner is expected to sign agreements with China to increase military co-operation, including construction of new warships for the Argentine Navy

    This CFK is willing it seems to sacrifice peace just to steal something she has never owned, all in the name of a Argentine victory
    hopefully she will go this year..

    Feb 03rd, 2015 - 11:24 pm - Link - Report abuse 0
  • ilsen

    @25 Briton
    Thank you for your informative links.
    Keep up the good work.
    (I have limited time, which is mostly spent on economic/political sites and can't always keep up with the Defence angle, so, cheers for the links :-) )

    Feb 04th, 2015 - 01:56 am - Link - Report abuse 0
  • Briton

    Anytime.

    Feb 04th, 2015 - 10:32 am - Link - Report abuse 0
  • Usurping Pirate

    Probably all off after the silly tart made these crass racist remarks on twitter :

    http://tn.com.ar/politica/repercusiones-en-el-mundo-por-el-polemico-tweet-de-cristina-desde-china_568333

    I seriously cannot believe she can have been that crass .
    The Chinese do not take kindly to this sort of thing , I doubt most Argentines realise how insulted the Chinese will feel .

    Feb 04th, 2015 - 07:11 pm - Link - Report abuse 0
  • Enrique Massot

    Funny how nobody raised an eyebrow when Argentina was subservient to powers like the U.S. and now that Argentina is putting its eggs on different baskets there is an interested chorus of naysayers who already know how this all will end:
    1. Argentina will renege its debt with China. (In fact, Argentina will indeed pay back and the savings in fossil fuel now used to generate electricity will help (this is not a Paul Singer kind of thing for the country to deny payment).
    2. Argentina is doing business with a Communist country! I knew it all along--Peronists are commies in disguise.
    3. Ilsen at #21 informs us that China is a new Economic Imperialism who will want its money back. Thanks a lot Ilsen! Who would have thought it?

    Feb 05th, 2015 - 02:06 am - Link - Report abuse 0
  • ilsen

    Just a friendly reminder that debt has to be repaid. Not something Argentina is very consistent with.
    Your Chinese masters maybe less forgiving than the Europeans. ....

    Feb 06th, 2015 - 04:50 am - Link - Report abuse 0

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