New York judge Thomas Griesa on Wednesday barred Euroclear, the giant Belgium-based financial clearing and settlement house, from processing any debt payments by Argentina. In the newest step tightening Buenos Aires' avenues for avoiding paying off hedge funds on their bonds, Griesa forbade Euroclear from processing any payments received from any source in respect to Argentine bonds. Read full article
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!
Everyday the noose gets tighter. I wonder when the bondholders will accelerate?Mar 26th, 2015 - 12:01 pm - Link - Report abuse 0
I feel sorry for the next Prez unless its a K.
Then I don't care at all
YB... Yes fun to watch... Descent into the abyss...Mar 26th, 2015 - 12:48 pm - Link - Report abuse 0
Truly though... I can't imagine things will change all too much with any new govt....
They have a history... all the way back to the first governor general ...
Theft and corruption are a mandatory legacy...
I don't think it will change either. They need to change their Society's mindset all the way down to their DNA. Corruption is as much a part of them as the air that they breath.Mar 26th, 2015 - 01:01 pm - Link - Report abuse 0
Some on here hopin and wishin for Macri, change for change sake is a nice dream but as I have said the die is cast and I don't see any way the economy can improve without the Society improving and that's not happening anytime in my lifetime.
Who gave you permission to use Ellipses as a signature...Mar 26th, 2015 - 01:07 pm - Link - Report abuse 0
This town ain't big enough for the both of us
And it ain't me who's gonna leave...
Vestige was using them yesterday.Mar 26th, 2015 - 01:09 pm - Link - Report abuse 0
Did you forget or do the Sistahs just get a pass
when they bleed into each other.
People are quaking in their boots I tell you!Mar 26th, 2015 - 01:27 pm - Link - Report abuse 0
Ah, Speak of the genius.Mar 26th, 2015 - 01:34 pm - Link - Report abuse 0
Anyhoo ... I wonder about this story. Mayhap these Belgian chaps open a new and unconnected franchise, lets call it Eurokleer.
Eurokleer, which has no dealings with uncle Sam can go about processing payments all the doo dah day.
Safe behind an impenetrable wall of Belgian waffles.
All its takes is the right information for the processing to begin in earnest, and information is very transferable in these electronic cloudy times.
Toby, What NML is doing is akin to boiling a frog. Its all nice and warm until its too late.Mar 26th, 2015 - 01:36 pm - Link - Report abuse 0
The suspense is delightful.
Vacant storefronts increased 15% yoy in BA!
50% of the Arg population is living on u$ 423/mo with more than 1/2 going just to food.
The balance of trade has reversed draining BCRA even further.
50,000 orange pickers just lost their jobs
You may not be quaking in your boots but you should be very scared.
I hope you've not sold the laundry detergent I told you to buy
Its not time yet
Mendoza is fine.Mar 26th, 2015 - 01:41 pm - Link - Report abuse 0
2014 wine exports up 22%.
I thought we had a buffoon around here saying the industry had collapsed and all the wineries had closed! Funny, because the wine touring season is crazy right now!
(are the very small grape growers suffering? Sure, they are. But small growers of anything are suffering all over the world... Some buffoon here trying to make the case small farmers only suffer in Argentina is still a buffoon!)
9. That's a link about SPANISH wines. Are you confused again?Mar 26th, 2015 - 01:48 pm - Link - Report abuse 0
Since your not too familiar with Argentinian wine industry you should take a look:
Also the Province of Mendoza is now the largest buyer of Malbec due to the huge decrease in cheap wine sales.
I think your lithium dosage is a off today. Go back to sleep.
Lidl or is it Aldi are promoting Argentine Malbec on UK TV at the moment....Mar 26th, 2015 - 01:50 pm - Link - Report abuse 0
WSJ? Who believes that rag anyways? Anti-argies, no credibility. Sorry, try again.Mar 26th, 2015 - 01:51 pm - Link - Report abuse 0
Go buy some and help your Sistahs out.Mar 26th, 2015 - 01:52 pm - Link - Report abuse 0
I wonder when the USA will start to block shipments in retaliation for the WTO ruling.
Should be any time now...
Are you finally fully out now? I noticed you use sistahs every other sentence now. If I heard someone speak like that within 30 seconds I would know they defend the far-side goalposts. I am happy for you that it seems the USA is now moving on that issue to where Argentina was 20 years ago.Mar 26th, 2015 - 01:57 pm - Link - Report abuse 0
I find it funny you'd bring up something like that, social misfit that you are.Mar 26th, 2015 - 02:04 pm - Link - Report abuse 0
Also you do realize you posted a blog about spanish wine right? Blog/WSJ Bloc/WSJ yeah okay.
Maybe this one is better suited for you:
Wine producers are going through a crisis. Argentines have less purchasing power so sales have dropped and a low exchange rate has made us less competitive in foreign markets,” Susana Balbo, head of Wines of Argentina, an agency that promotes Argentine wine abroad, and CEO of Dominio del Plata winery, told the Herald. “We used to be competitive abroad with cheaper wines but that’s long gone.”
Such a large production of wine would suggest a large number of wineries involved in the production of wine. However, the figures show a different scene. Only 414 wineries have registered at the INV to participate in this year’s harvest, 55 percent fewer than the 918 registered in 2014 and 56 percent fewer than the 950 seen in 2013. At the same time, 52 wineries were closed down between June and February due to infractions over lack of maintenance.
I posted this last night, but think it is relevant to this thread as well. It shows how in spite of what Stink would have you believe Argentina is being left behind.Mar 26th, 2015 - 03:45 pm - Link - Report abuse 0
Colombia Surpasses Argentina As Latin America’s Third-Largest Economy Due To Inflation, Currency Changes, GDP Growth. Both Argentina and Venezuela on the cusp of a balance of payments crisis, we expect them to slide further down the pecking order,” forecasts emerging markets economist David Rees. “That could eventually see Chile overtake Argentina to become the region’s fourth-largest economy and Venezuela slip behind Peru.”
@7. What's your problem, pricko? The court's order prohibits ANYONE from processing payments. Argieland just doesn't understand that it can't beat the court. More contempt hearings ahead!Mar 26th, 2015 - 04:41 pm - Link - Report abuse 0
@11. 'Promoting' is one thing. Selling is different. I like to pop down to various supermarkets and tell people what crap argie pisswater is!
@12. So desperate!
@14. Mistake. Argieland hasn't moved in 200 years. Still uneducated, puerile, corrupt, criminal, backward, degenerate, incompetent, larcenous, mendacious, obnoxious, rapacious, vicious, xenophobic. Oh look, I just described you. Now piss off and go back to eating shite!
@16Mar 26th, 2015 - 04:48 pm - Link - Report abuse 0
And that means anything because...? Who cares about GDP rankings? I never have even talked about them.
18. Its funny how you don't respond to posts refuting yours.Mar 26th, 2015 - 05:27 pm - Link - Report abuse 0
If you weren't so seriously out of touch regarding the civilized countries lifestyles I would questions your story of living in Argentina.
Strikes abound today. How does anyone ever get any work done
Ooops they don't
@17Mar 26th, 2015 - 06:46 pm - Link - Report abuse 0
As usual pocket Hitler show what he is made of; barbaric stock.
I bet his ancestor where some lost Vikings criminals, rapist and thieves.
That is your kind.
It is a pity that some one born in Argentina talk like you.
@18Mar 26th, 2015 - 07:42 pm - Link - Report abuse 0
You can't even read Spanish! Payaso patetico, stick to something you know. Like head chopping. Or molotoving cars. ;)
21. He certainly doesn't know much about the country he claims to live in.Mar 26th, 2015 - 08:03 pm - Link - Report abuse 0
Who in their right mind would want to claim to live in and support the nutbags in Argentina?
Griesa tries and tries. He faces a country and a government that wont' bend to his blackmailing and desperation to get those bucks for the vultures. Of course, Griesa is in a hurry, He needs to finish the action and get his reward before Nature takes care of him.Mar 26th, 2015 - 08:25 pm - Link - Report abuse 0
23. By the look of it you're not too far behind the Judge.Mar 26th, 2015 - 08:39 pm - Link - Report abuse 0
Also he's going to leave a long and distinguished career
What are you going to leave behind?
Fcked up children?
@23Mar 26th, 2015 - 09:18 pm - Link - Report abuse 0
I know I am looking forward to reading your obituary, pinche viejo Nacional Socialista. ;)
17 - fucktard, US doesn't say what Belgium can or can't do inside its borders.Mar 26th, 2015 - 10:19 pm - Link - Report abuse 0
26. Pottymouth Euroclear has offices in the USA. They fall under out law.Mar 26th, 2015 - 10:42 pm - Link - Report abuse 0
Mark this one down too.
Bridge collapses in TexasMar 26th, 2015 - 10:48 pm - Link - Report abuse 0
Huge explosion in US largest city due to gas pipe failure
US counter-drug officials attend Narco Parties
Crumbling infrastructure, lack of basic safety in buildings, direct government ties to Narcos....
AND THAT IS A SUPPOSED WORLD SUPERPOWER!
Talk about a country in decline!
Toby, I know that we appear as Gods to you but alas we are mere infallible mortals.Mar 26th, 2015 - 10:54 pm - Link - Report abuse 0
The USA is still the best country in the World and one of the few that people are literally dying to get into.
Someday when you meet a old blind guy with a head cold and bad hearing he'll take you here so you can see how glorious it is.
Don't see the laundry detergent, if you were in Venezuela you'd be really rich, but just wait a bit you'll do well in your horrible country too.
27 - saintly sistah. Euroclear does, but Eurokleer doesn't have to. try to keep up. back to #7 for you.Mar 27th, 2015 - 01:52 am - Link - Report abuse 0
files can get copied, copies can get misplaced. information theft is common these days - must make holdouts nervous.
files can get copied, copies can get misplaced. information theft is common these days - must make holdouts nervous.Mar 27th, 2015 - 05:41 am - Link - Report abuse 0
Your statement highlights the undeniably criminal nature of the current Argentine government. ;)
Next month Argentina will have 20 months of ever decreasing Mfg output.Mar 27th, 2015 - 11:29 am - Link - Report abuse 0
One would think they've been in a recession for 20 mos.
Of course the fake numbers and lies coming from CFK and Austral Elvis says all is well
NML is doing a fine job making 100s of thousands of Rgs miserable.
I can't wait until the numbers in the Millions tho
30 I think you are confusing the Nisman murder case with the holds outs...Mar 27th, 2015 - 12:02 pm - Link - Report abuse 0
34. They do seem to have an awful lot of convenient fires in Argentina.Mar 27th, 2015 - 12:17 pm - Link - Report abuse 0
#28 StrollMar 27th, 2015 - 08:19 pm - Link - Report abuse 0
Yes and there is more. The U.S. is the only country in the developed world that does not have a decent health care system, even if they have to just look north to learn how to do it.
31 - and what does your constant repetitive posting of a link to a stupid cartoon of a decapitated head say about you ?Mar 27th, 2015 - 08:54 pm - Link - Report abuse 0
35. Liberal Lies and I am not surprised they come out of your filthy mouth.Mar 27th, 2015 - 09:03 pm - Link - Report abuse 0
FROM CNN's Jack Cafferty:
We are constantly being told what a great health care system other countries like Canada, France and Britain have. But guess what? Some Canadians are crossing the border to Michigan to get health care.
And we're talking about more than just coming over for an appointment, quick lab test or a second opinion. According to an article in the Detroit Free Press, Canadian health agencies are creating formal partnerships with hospitals in Michigan to provide services not quickly available at home through their national health care system.
For example, the Ontario Ministry of Health has agreements with some Detroit hospitals for imaging tests, bariatric, heart and other services that have long waiting lists in Ontario. Rather than paying out of pocket for crossing the border, the bill is paid by the plan, sort of like staying with an in network doctor if you have private insurance in the U.S.
Michael Vujovich of Windsor came to Henry Ford Hospital in Detroit where he had an angioplasty done. The bill was $38,000. It was paid in full by the Ministry of Health in Ontario.
Canada sees this approach as better than shelling out money to build additional facilities in Canada to meet the demand for care. Critics of national health care systems like Canada's are quick to point out that the system is not working if they have to send their patients to the U.S.
@36Mar 27th, 2015 - 10:01 pm - Link - Report abuse 0
That I know a good deal more about your country's history than you do, and I am laughing. ;)
#37Mar 28th, 2015 - 11:14 pm - Link - Report abuse 0
Yes it is true that the Canadian health care is not a perfect system. Some surgeries take some time to get done, and some sophisticated procedures need to be done elsewhere, including the U.S.
The difference, however, is that all Canadians are covered for whatever they need, independently of their individual wealth. No need to mortgage your house if your wife's delivery got a bit complicated.
39Mar 29th, 2015 - 12:31 am - Link - Report abuse 0
Yeah yeah...wonderful....I know some people that have never ever paid for any health care in their lives.....they're called Brits....and it's not one or two, it's Tens of Millions...
@37Mar 29th, 2015 - 03:14 am - Link - Report abuse 0
And how many MILLIONS of Americans run every year to Mexico, Brazil, Costa Rica, ARGENTINA (yes!), Europe, etc, to get basic surgeries because they don't want to lose their home and life savings in the process?
A system that sends millions overseas to afford medicine and keeps millions more from ever accessing it. Sounds like its working like a charm.
Yeah the Yankee health care system is crap....the best bet is where your job also has inclusive health care for your family...Mar 29th, 2015 - 12:42 pm - Link - Report abuse 0
As I don't have a job I have to use extended travel insurance whilst there...
Yet I know lots of Yanks that have free health care because they simply live and work in the UK...lucky them...
42. Who in their right mind travels without a health insurance policy? Are you saying you think the USA should give foreigners free healthcare? How dumb are you?Mar 30th, 2015 - 01:34 pm - Link - Report abuse 0
I am very happy with the USA healthcare system. The USA provides most if not all of the health care innovation in the world and has most of the worlds best hospitals. Every rich SoAm (other worldwide leaders and royalty) comes here for treatment if they have something bad.
Form what I understand NHS is a horror show. Don't they ship people to India to get surgery's?
Collectivism ruins everything. ObamaCare will go away with the next Prez and I will be a very happy person.
Oh yeah...dumbass...Mar 30th, 2015 - 07:09 pm - Link - Report abuse 0
For this year’s survey on overall health care, The Commonwealth Fund ranked the U.S. dead last .
1. United Kingdom
5. Germany & Netherlands (tied)
7. New Zealand & Norway (tied)
11. United States
It’s fairly well accepted that the U.S. is the most expensive healthcare system in the world, but many continue to falsely assume that we pay more for healthcare because we get better health (or better health outcomes). The evidence, however, clearly doesn’t support that view.
Who cares if its the most expensive? Not me. Not anyone I know.Mar 30th, 2015 - 08:52 pm - Link - Report abuse 0
Liberals and foreigners
and I couldn't care less about their opinions.
...wait there's more, I'm not finished with you yet...Mar 30th, 2015 - 10:15 pm - Link - Report abuse 0
What were you saying about Canada...world ranking no.30
USA... well that's no.37, that would be one behind Costa Rica...;-))))
You've pretty much reached the bottom of the barrel if you're relying on info from WHO/UN.Mar 30th, 2015 - 11:08 pm - Link - Report abuse 0
If you don't like the USA healthcare don't use it. If you're lucky maybe you can get a hip replaced in India for free with NHS.
Don't forget to watch where you step tho
YB:Mar 31st, 2015 - 02:34 am - Link - Report abuse 0
Give up. You make a fool of yourself for attempting to justify the indefensible. It's not your fault after all if your country has a horribly expensive system, not only for patients but for the country as a whole.
This is partly because of the U.S. horrendously complex administration system that makes billing a nightmare for patients with serious or long term health issues.
Unfortunately, the medical corporations make so much money, they can keep an army of lobbyists and invest colossal sums in propaganda in order to keep business as usual. They sabotaged as much as they could Obama's efforts to improve the system.
In the Canadian system, everybody puts some money up and those who are sick just go to doctors or hospitals without worrying about payment. Oh but I know--it smells of Socialism--I know the argument was made during the campaign for Obama's reforms. And surprisingly, the argument works for some!
Reekie, I've never heard of any USA citizens going to Canada to get treatment.Mar 31st, 2015 - 02:29 pm - Link - Report abuse 0
But we've all heard the reverse.
Especially rich Canadians who can afford to use the best system in the world.
I don't know anyone who worries about paying a healthcare bill.
Not one person
49 YBApr 01st, 2015 - 06:36 pm - Link - Report abuse 0
never heard of any USA citizens going to Canada to get treatment...but we've all heard the reverse.
Look, YB. I have not put in question the quality of the USA hospitals. Indeed you have excellent care...for those who can afford it. But having good hospitals does not mean having a good health care system.
Now, your following: I don't know anyone who worries about paying a healthcare bill
Come on. Where did you say you live?
I will live you with some lines from Wikipedia:
Here's proof of excellence in many fields: America is a global leader in medical innovation...solely developed or contributed significantly to 9 of the top 10 most important medical innovations since 1975.
But: ...49.9 million residents, 16.3% of the population, were uninsured in 2010.
Lack of health insurance causes some 45,000 to 48,000 unnecessary deaths every year in the United States.
Moreover: In 2007, 62.1% of filers for bankruptcies claimed high medical expenses...25% of all senior citizens declare bankruptcy due to medical expenses, and 43% are forced to mortgage or sell their primary residence.
But things are improving: Under Obama's Patient Protection and Affordable Care Act, as of May 2014, about 20 million Americans had gained health insurance coverage...the percentage of uninsured Americans dropped from 18% in 2013 to 13.4%.