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Mercosur has failed, Argentina needs new partners: the Pacific Alliance?

Friday, March 6th 2015 - 09:06 UTC
Full article 58 comments

“Mercosur as a unified space has failed and Argentina must start thinking in a new partner, which could be the Pacific Alliance” said one of Argentina's main businessmen with interests in a diversified portfolio, Eduardo Eurnekian. He made the statement on the sidelines of the World's Chambers Federation executive board meeting in Buenos Aires. Read full article

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  • Britworker

    How ironic, the one country most responsible for the ineffective running of mercosur, blames everyone else and is now looking to bring down the Pacific Alliance. Its a comedy show.

    Mar 06th, 2015 - 09:29 am - Link - Report abuse 0
  • ChrisR

    Utter arrogance as expected from an argie, one who “among other things financed the Argentine cemetery at Darwin in the Falklands”.

    I wonder if he got a Loser's Medal?

    Keep yourself and others like you away from anything else which is flourishing, you all have the taint of despair and destruction in you: it's inescapable, you are an argie!

    Mar 06th, 2015 - 09:57 am - Link - Report abuse 0
  • Usurping Pirate

    This is pure comedy . “ we compete in autos, but then out comes Mexico, India, China, and they make them cheaper, so what do we do? ”
    This is what the rest of the world does .
    You lower your cost base , reduce the number of strikes , pay your suppliers for their goods and provide manufacturers with tax incentives to modernise and enlarge their plant , whilst creating a safe and stable economic environment for foreign businesses .

    Mar 06th, 2015 - 10:25 am - Link - Report abuse 0
  • SebaSvtz

    Argentina needs to re-set its mind.
    Then, start finding good, competent managers every 4 years. Not leaders, but managers.
    Then we´ll see if this mercosur-thing is really worth a penny, or if we can also have business with the pacific alliance.

    Mar 06th, 2015 - 10:28 am - Link - Report abuse 0
  • GeoffWard2

    “We kill off the geese about to lay the golden eggs,
    then we destroy the 'hen'-houses before the geese get their chance to lay”.

    Argentina did it to itself.

    With the help of Venezuela, and the help of Brasil.

    OHHH, YOU STUPID, STUPID PEOPLE !!!

    Mar 06th, 2015 - 11:23 am - Link - Report abuse 0
  • GALlamosa

    Exactly right. Argentina has done more than anyone to destroy the Mercosur concept. If the Pacific Alliance were to accept them in they would be stark raving bonkers. Besides they already have the Latam powerhouses of CELAC and ALBA !!

    Mar 06th, 2015 - 11:25 am - Link - Report abuse 0
  • Anbar

    the problem for Argentines and Argentina is that, regardless of their pretensions of being a 1st-world nation, their politics and politicians are 3rd world cleptocrats.

    Until you Purge your politicians and political system you are always going to be going nowhere - just as you have been since Peron.

    Mar 06th, 2015 - 12:24 pm - Link - Report abuse 0
  • Brasileiro

    1 The Brazilian currency is not slipping, it is coming back to the place that was always its. The expansion of liquidity provided by the Fed ended. It is normal for the coins back to its normal place after the magnet effect.

    2 The Brazil endured the last 4 years of currency war as a true hero. Resigned up and fought skillfully showing to our allies from third world there is no victory without effort, and there is no dignity without honoring commitments.

    3 Defender interests of our nation does not mean to attack or invade the interests of other nations. We are tired of showing the world what it means stability. PEACE.

    Good job, my love. BRASIL!

    Mar 06th, 2015 - 12:43 pm - Link - Report abuse 0
  • Briton

    Argentina needs new partners:
    Well,

    there will soon be a vacant post in the EU,
    perhaps Argentina can join and fxck that up as well,

    even if it is already on the way.

    Mar 06th, 2015 - 02:01 pm - Link - Report abuse 0
  • yankeeboy

    I think they drink poisoned water in Argentina. I just don't see any other way that a whole country can be delusional.

    Mar 06th, 2015 - 02:03 pm - Link - Report abuse 0
  • Usurping Pirate

    @10YB : Maybe it's in the mate .
    Think ruined the Mercosur project . CFK read his posts on here and decided to follow his advice and go it alone .

    Mar 06th, 2015 - 02:10 pm - Link - Report abuse 0
  • imoyaro

    “Think ruined the Mercosur project.”

    All in a day's work for IS Agent Drink. (Code Name “Borracho”) ;)

    http://i1290.photobucket.com/albums/b521/imoyaro/chopperlaff_zpsrpl58kjd.gif

    Mar 06th, 2015 - 02:47 pm - Link - Report abuse 0
  • Brasileiro

    USA

    https://www.youtube.com/watch?v=EVbu8bh7SWk

    Mar 06th, 2015 - 02:56 pm - Link - Report abuse 0
  • Conqueror

    There's a proper place for argieland. It's about 2,500 miles east of its current location.

    Mar 06th, 2015 - 03:00 pm - Link - Report abuse 0
  • yankeeboy

    http://tn.com.ar/tecno/f5/viralisimo-el-mundo-habla-de-un-ovni-que-aparecio-al-aire-en-tn_575204

    Argentina may have cost the world its first contact with another species!
    From what I understand the “other species” was looking for signs of intelligent life flew around BA for a bit and left because they couldn't find any.

    Ugh
    :)

    Mar 06th, 2015 - 03:15 pm - Link - Report abuse 0
  • Pugol-H

    Begs the question as to whether the PA would want Argentina as a member, what has Argentina got to offer them.

    Mar 06th, 2015 - 05:23 pm - Link - Report abuse 0
  • Liberty12

    Argentine people have had enough of the Kirchner -Fernandez corruption scheme. She should be put on trial. She and her husband ruined the live of many Argentines and of Latin Americans with their destruction of MERCOSUR.
    Brit worker is right about them. They are a totally destructive element. As for Eurenkian--well he is part of the elite. He is just another cynic. Fernandez should be isolated and made a pariah. Tragically Argentina like most 3rd world countries is made of a mass of ignorant people who are manipulated by a few smart ones who get to act as fresh as they please. It is world wide problem existing in US and UK.

    Mar 06th, 2015 - 05:58 pm - Link - Report abuse 0
  • reality check

    I think Argentina would be a strong member of the Pacific Alliance.

    nah! not really just taking the piss.

    Be like an alcoholic working in a brewery.

    Mar 06th, 2015 - 06:16 pm - Link - Report abuse 0
  • Clyde15

    #8
    The Brazilian currency slides past three to the dollar, fist time since 2004.

    #13
    What has the tune“the Gael” composed by Scottish Folksinger Dougie MacLean and used in the film about a Scots-Irish backwoodsman in colonial N.America got to do with this topic ?

    Mar 06th, 2015 - 06:32 pm - Link - Report abuse 0
  • Brasileiro

    USA is a fat bubble!

    Watch the video beyond the singer!

    https://www.youtube.com/watch?v=_UN8vXQol9U&list=FLmXPTu1f8AdGlizWNiASx2A&index=48

    Mar 06th, 2015 - 06:58 pm - Link - Report abuse 0
  • yankeeboy

    Soy 1 Yr % Change (TTM)-17.75

    Tough to have only 1 export

    Psst Im looking at you Brazil and Argentina.
    :)

    Mar 06th, 2015 - 07:10 pm - Link - Report abuse 0
  • reality check

    Well I have to say that YB's predictions have an uncanny way of becoming reality.

    Sucks doesn't it?

    Mar 06th, 2015 - 08:06 pm - Link - Report abuse 0
  • Briton

    Never mind CFK , south America will come running to your aid,

    apparently you are a popular woman, not lol

    Mar 06th, 2015 - 08:09 pm - Link - Report abuse 0
  • reality check

    All joking aside, there needs to be a benchmark for trading with Argentina.

    How about this.

    Would you accept a cheque from them for a second hand car?

    Mar 06th, 2015 - 08:16 pm - Link - Report abuse 0
  • Briton

    Nope...lol

    Mar 06th, 2015 - 08:25 pm - Link - Report abuse 0
  • yankeeboy

    22. Don't tell that to Dirk Diggler of Western Canada. He thinks because I don't name the day and hour something will happen it doesn't count.

    What I love, love, love is when I've gone round and round about something that I said would happen and then I read about it shortly thereafter.
    And then whomever I was arguing with about it says nary a peep.

    Anyone else think is weird (stupid) that BCRA is continuing to sell U$ to support the peso? My guess they're down to about U$6B and probably less in cash.
    Kaboom.

    Mar 06th, 2015 - 11:01 pm - Link - Report abuse 0
  • ilsen

    Open Letter to The Pacific Alliance.

    Dear PA,

    Please never accept Argentina into your excellent organisation. You are the Future of South America. Argentina is the primary reason, through sticking with self-harming protectionist measures, that caused not only could MeroSur fail to reach an agreement with the EU in FIFTEEN years, it also hindered the progress of its fellow members to develop.
    Continue with your good work. You can only afford charity when you are strong and rich. I am sure you are on the right path, do not become distracted by your noisy, annoying, neighbours.

    yours sincerely,
    ~ilsen

    Mar 07th, 2015 - 03:23 am - Link - Report abuse 0
  • imoyaro

    ”I believe given the current scenario with no clear cohesive candidate and a clear majority that the next government will have to expand its support base and reach some kind of agreement or understanding, not of governance, that is ensured by democracy, but to get us back on to the global economy wagon”

    Yes, let us....or not. ;)

    http://i1290.photobucket.com/albums/b521/imoyaro/chopperlaff_zpsryuikyku.gif

    Mar 07th, 2015 - 04:11 am - Link - Report abuse 0
  • oni_baba

    Don't see how the Pacific Alliance would accept Argentina as a member unless the other Mercosur members came along. Mercosur needs to be patient. Argentina needs to be patient until Russia can get back on its feet. Destabilizing alliances around BRICS has been the objective of the US and the way to build a strong alliance is to not bail. The boat is not sinking. Nato has simply shot a hole in the BRICS boat, but it is being repaired.

    The Pacific Alliance are all US/TPP countries (except for Colombia which already has an FTA with the US). The Pacific Alliance is nothing more than a wall separating China from Latin America and just because China builds similar widgits to Argentina does not mean that Argentina is a loser. The point is that trade moves. Redundancy is a fake issue.

    Mar 07th, 2015 - 04:54 am - Link - Report abuse 0
  • GeoffWard2

    'Ali' Baba,

    So, the US of A is destabilizing BRICS and Mercosur, and already owns the Pacific Alliance countries!
    Russia, Brasil, India, China and South Africa/South Korea, Argentina, Paraguay, Uruguay and Venezuela, etc
    But what about the twenty or so EU European countries, what about Australia, Canada, Japan?

    I think the Russia situation is one of Russia's own making - taking over the Crimea and Eastern Ukraine is not good and is NOT the result of your (imagined) US aggression; it is a United Nations thing.
    If it spreads to the Baltic States will you blame the USA for this also?

    Equally, the train-crash called Mercosur/Parlasur is entirely the creation of Argentina, Venezuela and Brasil; it is NOTHING to do with the USA - the Wikileaks letters, etc. from the Mercosur countries show clearly this.

    So do the Wiki-reports from the Pacific Alliance and ALBA.
    The ALBA reports show the real concern and frustrations of the US trying to manage relations with these aberrant - and Marxist - countries. No meeting of minds, but a desire from these 'minnows' to suck the life-blood from the USA/IMF.

    Ever played Monopoly? - the USA and China hold today's hotels.
    That's just the outcome of globallised world trade.
    Sensible countries try to manage their position and their products to best effect .... Mercosur has done the exact opposite.

    No, Mr Baba, you are wide of the mark.

    Mar 07th, 2015 - 10:56 am - Link - Report abuse 0
  • Lucdeluc

    Eurnekian is correct. Being connected to they global economy for Argentina is through membership of the Pacific Alliance. This will be its gateway to Asia and may even herald free trade agreements with other Pacific nations such as Australia and NZ. Chile has already made these connections.

    Mar 07th, 2015 - 10:57 am - Link - Report abuse 0
  • golfcronie

    “ Mercosur has failed ” tell us something we don't know.

    Mar 07th, 2015 - 12:33 pm - Link - Report abuse 0
  • darragh

    http://www.bbc.com/news/world-latin-america-31774333

    ?????????

    Mar 07th, 2015 - 02:00 pm - Link - Report abuse 0
  • imoyaro

    The last thing the Pacific Alliance needs is Argentina.

    Mar 07th, 2015 - 02:13 pm - Link - Report abuse 0
  • STroll with the_TroLL

    The Pacific Alliance is irrelevant economically. They can't buy shit from anyone, that's why they are uniting to EXPORT out, not import in. Argentina would have no use of them.

    Mar 07th, 2015 - 03:36 pm - Link - Report abuse 0
  • Pugol-H

    @31 Lucdeluc
    Very doubt full if the PA would allow Argentina to join, particularly given Argentina’s behaviour in and effect on Mercosur.

    @35 STroll with the_TroLL
    Exporting is how you make your money, ask the Chinese.

    Except for Venezuela of course, which exports shit loads of oil & gas but is still dirt poor.

    Mar 07th, 2015 - 04:16 pm - Link - Report abuse 0
  • yankeeboy

    The NarKos that run Argentina would never join countries that respect the rule of law and honor their contracts.

    Argentina is right behind Caracas. Pretty soon there will be gangs fighting over the last bag of beans in the street.
    Just give it a little more time

    Mar 07th, 2015 - 04:35 pm - Link - Report abuse 0
  • STroll with the_TroLL

    @37

    That's why the US doesn't join Kyoto, Int' Court of justice, Non-proliferation, and death penalty. The Narcs that run your country would be jailed immediately if they did.

    Mar 07th, 2015 - 05:11 pm - Link - Report abuse 0
  • Liberty12

    I smell a rat. If the U.S. ambassador Noah Mamet is publicly stating he is impressed by the people he has met in government it is obvious that Christina Fernandez is a U.S. munchkin. She is only another flunky of U.S. imperialism being bought off to ruin Argentina and MERCOSUR. Christina the colonial, Christina the flunky, Christina the vassal, Christina the munchkin of Mamet and the Democratic Party mafia running the USA-what a shame and a sham!!

    Mar 07th, 2015 - 06:54 pm - Link - Report abuse 0
  • Skip

    “The Pacific Alliance is irrelevant economically. They can't buy shit from anyone, that's why they are uniting to EXPORT out, not import in. Argentina would have no use of them.”

    This makes no sense.

    Argentinean education has a lot to answer for.

    Mar 07th, 2015 - 11:06 pm - Link - Report abuse 0
  • ilsen

    @29 oni_baba “ Mercosur needs to be patient. ”

    Hahahahahaha! 15 years and still no trade agreement with the EU because MercoSur can't get its shit together. The EU has been very patient.
    Who does MercoSur need to 'patient' with?
    Themselves?
    You really have no idea of what you speak.

    @ 31 Lucdeluc “ Eurnekian is correct.”

    Who the hell is “Eurnekian ” ? Or what?

    Have you got your own sock-puppets confused?

    Fail.

    -------------

    On another note, quite amusing to see the trolls falling over each-others big flapping feet in order to try to defend the indefensible.
    arf!
    :-))))))))))))

    Mar 08th, 2015 - 03:08 am - Link - Report abuse 0
  • yankeeboy

    Argentina Venezuela and Brazil are drowning and each of them is grabbing onto the other for support pulling each deeper and deeper into the abyss.

    I couldn't be happier.

    Mar 08th, 2015 - 12:36 pm - Link - Report abuse 0
  • GeoffWard2

    I don't see Brasil looking to Argentina or Venezuela for salvation;
    the country is drowning in the cess of its own corruption
    and Rousseff is unable to successfully manage the decades of evil.

    I could be happier because I love this country.

    Mar 08th, 2015 - 03:53 pm - Link - Report abuse 0
  • yankeeboy

    I think it hilarious they're leaving Dilma and Lula out of the corruption scandal.
    I don't know how any Brazilian could think they'll ever be part of the civilized world with that kind of blatant disregard for due process.
    Alas this is just the beginning of the end.

    Mar 08th, 2015 - 07:24 pm - Link - Report abuse 0
  • ilsen

    @44 yb
    re:Lula/Dilma
    “I don't know how any Brazilian could think they'll ever be part of the civilized world with that kind of blatant disregard for due process.”

    A most succinct comment.

    I concur.

    Mar 09th, 2015 - 06:23 am - Link - Report abuse 0
  • yankeeboy

    45. The limits of tyrants are prescribed by the endurance of those whom they oppress

    Mar 09th, 2015 - 02:43 pm - Link - Report abuse 0
  • GeoffWard2

    Nobody has ever succinctly explained to me WHY Lula and Rousseff are conspicuously left absent from ALL corruption scandals.
    Blair was similarly teflon-coated ... WHY are they allowed to remain so?

    Mar 09th, 2015 - 05:22 pm - Link - Report abuse 0
  • oni_baba

    GeoffWard2-- two points: 1) the conflict in the Ukraine does not begin with Russia's annexation of Crimea, that was a defensive maneuver to protect Russian shipping access to the Mediterranean and Africa. Russia's annexation was a result of the US backed coup of Yanukovych as he was turning his attention away from the EU and towards the Russian-led EEU. 2) the (2013) US %debt to GDP is 106% and the EU is about 87%. BRICS %debt to GDP is 28% of GDP. If you subtract debt from GDP, BRICS combined GDP is about $28 trillion dollars while EU after debt is about $2 trillion, US is about -$1 trillion so if you were to account for the US/EU GDP after debt, it would be less than 1 trillion while BRICS is 28 trillion. Let that sink in, and then ask why do the OECD countries get privledged to leverage so much debt while developing countries/emerging markets don't. What do OECD countries primarily leverage their debt against? The OECD (aka donor countries) leverage their debt on DC/EM, while DC/EM leverage their debt on their own equity. Two different sets of rules for global development investment and trade. Mercosur is on target, it's the OECD/TPP partners that are setting a false baseline.

    Mar 10th, 2015 - 07:09 am - Link - Report abuse 0
  • GeoffWard2

    %debt : GDP ... sounds like you should pass your argument to CFK; she could use it with the the EU as the reason why there has been 14 years with no agreement.
    14 years with no Mercosur protocols! It sounds like a Third World justification for no trade bloc engagement.
    But, now you explain it, 14 years of trying to engage with a false baseline must be hell!
    And at least we now know that Mercosur is on target - even though the business communities of the Mercosur countries are unaware of it.

    Mr Baba, you might invite Cristina to tell the business people of the Mercosur countries that they are all wrong about Mercosur.
    It is soft and fluffy ... and rarin' to go - albeit on their own, personal baseline.

    Mar 10th, 2015 - 09:18 am - Link - Report abuse 0
  • yankeeboy

    48. Why do stupid people take random pieces of information and blend them together and think they have an argument?
    What you wrote makes no sense at all.
    WTF does some sort of NET GDP have to do with anything?
    Gads you're stupid.

    Mar 10th, 2015 - 03:38 pm - Link - Report abuse 0
  • oni_baba

    yankeeboy, why the arrogance?. For one thing, I'm speaking about Gross not Net, hence Gross Domestic Product which is the indicator used in international trade. Geoff Waltz, the point of the data was to show you how things have changed since the financial collapse in 2008. 14 years ago may as well have been 114 years ago.

    It was only last year the BRICS New Development Bank and the CRA was created. In Sept when the Asian infrastructure investment Bank was formed, 22 countries signed MOUs-- the non-OECD countries are moving away from the US and EU trade and investment rules. Not to say that US and EU are not important, because they are. But right now Mercosur is not going to go anywhere with the EU as long as TTIP is on the table, because of TTIP and TTP should conclude, then the neoliberal division will likely be maintained. However, if there is no TTIP/TPP, the BRICS alignment will have the upper hand...

    I was hoping that this would be a space to have a reasonable conversation with people who did understand global trade alignments rather than people who would rather belittle those who may actually know what they speak of.

    Mar 10th, 2015 - 06:55 pm - Link - Report abuse 0
  • ChrisR

    @ 51 Ali-baba

    Your post sounds like TITS to me.

    I think that is a reasonable response, don't you?

    Mar 10th, 2015 - 07:31 pm - Link - Report abuse 0
  • Enrique Massot

    #51 Oni-Baba
    Thank you for an excellent analysis on international trade forces. It's too bad some writers here, failing to understand your reasoning, have resorted to ridicule and insult.
    Agree that Mercosur needs time. No trade agreement in the world has been easy or without bumps.
    In response to those who are already toasting to Argentina's imminent demise, I'd like to post a little reminder of the country's big picture. (World Bank) dated Oct. 2014:
    “In recent years, President Cristina Fernández’ administration has focused on promoting economic development with social inclusion.
    ”The country has grown steadily during the past decade and has invested heavily in health and education, areas which account for 8% and 6% of GDP respectively. Between 2000 and 2011, the middle class increased from 34% to 53% of the population.“
    Hardly a sinking country. However, not not all is wine and roses:
    ”The economy's external sector faces significant challenges.”
    In summary, Argentina does face challenges, however its domestic situation has become significantly stronger, which will allow the country to go forward over the inevitable ups and downs.
    http://www.worldbank.org/en/country/argentina/overview

    Mar 13th, 2015 - 04:23 am - Link - Report abuse 0
  • georgeneurus

    why is he arroagant cris r???

    Mar 13th, 2015 - 06:46 am - Link - Report abuse 0
  • ilsen

    Nurse! ! !

    Mar 13th, 2015 - 09:51 am - Link - Report abuse 0
  • ChrisR

    @ 55 Ilsen

    Oh dear, it looks like another one has escaped the asylum!

    Seems we may be in for a bit of fun!

    Mar 13th, 2015 - 11:33 am - Link - Report abuse 0
  • ilsen

    Haaha!

    Nurse! !
    NURSE! !!

    Quick! He went that way!

    Mar 14th, 2015 - 12:16 pm - Link - Report abuse 0
  • Philippe

    The last thing the Pacific Alliance needs is failed-state fascistic Argentina.

    Philippe

    Mar 15th, 2015 - 02:06 pm - Link - Report abuse 0

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