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Argentina denies any devaluation to compensate for the plunge of Brazil's Real

Friday, March 6th 2015 - 07:22 UTC
Full article 15 comments

Despite Brazil's 'violent devaluation' of its currency, Argentina will not pursue the same path because the country needs “to give certainty” and “avoid instability” said Economy minister Axel Kicillof. This week the Real plunged to its lowest level in over a decade burdened by economic and political uncertainty Read full article


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  • ChrisR

    Yes we have no bananas, we have no bananas today!
    (Brilliant original recording: listen to the trumpet 'talk')

    Makes as much sense as the child Kickitoff.

    Why doesn't someone go over to him and give him a good slap to wake him up to reality? Ah, they all think they are in a reality!

    Ha, ha, ha, ha.

    Mar 06th, 2015 - 10:12 am - Link - Report abuse 0
  • Briton

    Axel Kicillof

    is this the same axel on here.

    Mar 06th, 2015 - 01:49 pm - Link - Report abuse 0
  • yankeeboy

    2. I often thought our Axel was Austral Elvis. Both are as dumb as a box of rocks.

    Argentina must devalue they have no other solution.
    It will happen after the elections when the economic bomb has been set to go off.

    Mar 06th, 2015 - 02:02 pm - Link - Report abuse 0
  • Briton

    ha ha very true.

    Mar 06th, 2015 - 02:05 pm - Link - Report abuse 0
  • 313toBioBio

    @3 Axel dumb? how? he's a multimillionaire who lies and laughs at Argentina whether hes in Beijing or BA. ..or the G20

    Mar 06th, 2015 - 02:37 pm - Link - Report abuse 0
  • ElaineB

    @5 So by implication you are saying the Argentine voters are dumb for believing the lying thief.

    Mar 06th, 2015 - 04:45 pm - Link - Report abuse 0
  • psql

    The Islanders are having a good time today, we are very jolly.
    Must be the weather?

    What about going fishing together?

    Mar 06th, 2015 - 07:15 pm - Link - Report abuse 0
  • Briton

    You can charge the argies two squid,
    cheap at half the price..

    Mar 06th, 2015 - 07:53 pm - Link - Report abuse 0
  • Kirk Nelson

    Argentina's Economic Minister is flat wrong.
    He puts extra enphasis on the country “instability” but somehow he is not considering that there are worldwide 60 thousand bondholders waiting to be nonored since 2005.
    Besides, the current rise of inflation rate and the constant motion of corruption are all contributors to Argentina decline in foreign direct investment and local investment as well.
    So, besides seeking loans from China, Argentina needs a new trade block organization and such possibility is the Pacific Alliance, otherwise, Dollarization would be the best alternative to combat inflation, get ready of the Central Bank, have one stable (US DOllar) currency and give full confidence to Argentines that are still searching for.

    Kirk Nelson,
    New York, USA

    Mar 06th, 2015 - 10:33 pm - Link - Report abuse 0
  • 313toBioBio

    @Elaine..the ones that voted K yes. mentally retarded. Like the retarded nazi fascists that celebrated peron. Their retarded offspring support TImerman and Kiciloff's religious revenge. 2007 to 2010 was time to realize the country was going in a very wrong direction. Now watch BRAZIL lose control of its currency and a real emerging market contagion to ram latin america.

    Mar 07th, 2015 - 12:00 am - Link - Report abuse 0
  • imoyaro

    He's not lying, it has nothing to do with Brazil. The upcoming and inevitable devaluation has everything to do with destroying the government after Kirchner. The why of that I leave to your imagination. ;)

    Mar 07th, 2015 - 01:52 am - Link - Report abuse 0
  • Enrique Massot

    Having done what he's done at 43, Axel Kicilloff has the possibility of being a force to reckon with in the coming years. He's got knowledge, stamina, decision and most importantly, clear principles--a rare quality among Argentina economic ministers.

    Mar 07th, 2015 - 02:43 am - Link - Report abuse 0
  • imoyaro


    There's no doubt why you would find him “sexy.” The reality is much less impressive. Has overseen the destruction economically of your country. That's sexy.

    Mar 07th, 2015 - 03:57 am - Link - Report abuse 0
  • yankeeboy

    12. I doubt any of the Ks escape jail or something deservedly worse.
    Just give it some time to roll out.

    Mar 08th, 2015 - 12:27 pm - Link - Report abuse 0
  • ilsen

    I think Argentina is pretty much 'over'. It will take decades to recover from this mess, and I doubt there is the political will, nor popular support, for the necessary measures to resolve it.
    Argentina will most likely be 'crossed-off' the global financial map for the next 15 years, and left to rot.
    They brought it on themselves through apathy and and acceptance of endemic corruption.

    Mar 09th, 2015 - 08:13 am - Link - Report abuse 0

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