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Argentine central bank president contracts wife and son; blames lobbies for releasing the news

Friday, May 1st 2015 - 07:22 UTC
Full article 34 comments

Argentina's central bank president Alejandro Vanoli strongly defended the recent contracting of his wife and son in the bank, arguing they are 'well trained' for the jobs and blamed local speculative financial groups of being behind the news which was published in the Buenos Aires media. Read full article

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  • Papamoa

    Talk about taking advantage of your position!!

    May 01st, 2015 - 09:11 am - Link - Report abuse 0
  • willi1

    all these crooks jump into the shop before it closes in december.

    May 01st, 2015 - 10:37 am - Link - Report abuse 0
  • ilsen

    They just can't stop it, can they? It doesn't matter how the news came out, the fact that he hired his wife and son stinks.
    Nor will claiming to be a victim change anything. This is a classic example of why the civilised world struggles in trying to take Argentina seriously.

    I am amazed this man even considered this might be a good idea, let alone implementing his decision.
    Can he be trusted with the nation's money if he can't be trusted with employment decisions?

    May 01st, 2015 - 10:38 am - Link - Report abuse 0
  • ChrisR

    I suppose Vanoli could argue that because TMBOA runs the country as her personal piggy bank he is only doing the same but on a much lower level.

    How can anybody trust this country?

    May 01st, 2015 - 11:32 am - Link - Report abuse 0
  • golfcronie

    HaHa Always blame the others, dear oh dear someone let the cat out of the bag. why is it that the Argies can't say “ sorry I made a mistake ”, always finding a way to “ feather their own nests ” a pathetic nation. We look fotward to the trolls coming on here and explaining that this is the norm in Argieland.

    May 01st, 2015 - 11:41 am - Link - Report abuse 0
  • ilsen

    With major public figures setting examples such as this, no wonder 'the little people' think it is ok to lie, cheat and steal.

    This goes a long way to explain Argentina's standing in the Global Corruption Index.

    Everybody is at it.

    May 01st, 2015 - 12:52 pm - Link - Report abuse 0
  • Klingon

    Remember I broke this news first. Always 3 steps ahead of Mercopress ;)

    May 01st, 2015 - 01:37 pm - Link - Report abuse 0
  • HansNiesund

    And of course any criticism can only be the result of some devilish conspiracy, probably involving the dastardly Brits somewhere.

    May 01st, 2015 - 01:57 pm - Link - Report abuse 0
  • ilsen

    Not very difficult, as Mercopress is merely a news aggregator, all news published here has been 'broken' elsewhere beforehand.
    :)

    May 01st, 2015 - 02:00 pm - Link - Report abuse 0
  • golfcronie

    I think you will find his face tells it all. Oh Shit I have been found out.

    May 01st, 2015 - 03:13 pm - Link - Report abuse 0
  • Pugol-H

    So, he is a victim of a conspiracy by vested interests.

    Not that his wife and son are there on merit and doing real jobs.

    Which is actually the issue, to my way of thinking.

    May 01st, 2015 - 03:17 pm - Link - Report abuse 0
  • ilsen

    Typical! He doesn't apologise and resign immediately. Oh no! He blames others and tries to deflect.

    No Honour.
    No Decency.
    No Ethics.

    He is the most obvious symptom of the malaise that afflicts Argentina.

    The worst thing is that he probably doesn't even believe he has done anything wrong.
    Probably considers it to be a perk of the job.

    What a lousy fellow.

    May 01st, 2015 - 03:43 pm - Link - Report abuse 0
  • chronic

    The rotting roadkill equivilent of the proverbial “family enterprise”.

    STARVE THE TROLLS.

    May 01st, 2015 - 03:53 pm - Link - Report abuse 0
  • golfcronie

    Didn't Chile have something similar, ( borrowing money at cheap rate because he and his wife were close to Batchelet ) at least he did the honourable thing and resigned did he not ? No Argies yet to argue that it is not a problem in Argentina.

    May 01st, 2015 - 06:00 pm - Link - Report abuse 0
  • Briton

    I think you are being to hard on this honest banker [chuckle]
    after all, they will be well trained in the arts of corruption , incompetence and fraud, what more could his investors ever ask for=chocolates.lol

    May 01st, 2015 - 07:03 pm - Link - Report abuse 0
  • Jack Bauer

    “Argentina's central bank president Alejandro Vanoli strongly defended the recent contracting of his wife and son in the bank, arguing they are 'well trained' for the jobs and blamed local speculative financial groups of being behind the news which was published in the Buenos Aires media”....

    Just another case of nepotism, so common in Argieland....but why did he find necessary to defend his decision ? why blame “local speculative financial groups” ?? why shoot the messenger ???
    On the other hand, if he believes that his son, a cinema student, is qualified - or “well trained” - to work at the Central Bank, this should cast serious doubts as his own qualification to hold his job. But being a cinema student, perhaps he is going to advise his father on the making of a short propaganda film to air on national TV, to show the people of Argieland how well the economy is doing.

    May 01st, 2015 - 08:46 pm - Link - Report abuse 0
  • reality check

    Lol, don't know why I keep coming back to read this shit. This lot are so bent they can f### themselves!

    May 02nd, 2015 - 01:25 am - Link - Report abuse 0
  • golfcronie

    Oh why Oh why are the Argentines so reticent not to complain and do something about this or are they not heard. Not only that it would not happen in the Uk but there would be such a stink that the perpetrator would have to resign.

    May 02nd, 2015 - 07:28 am - Link - Report abuse 0
  • ElaineB

    @18 I guess because given the chance they would accept the job without hesitation. It is why there is no outrage at CFK waving her Rolex-encrusted wrist at the poor. They just wish they had one to wave back. (Some unlucky tourist will no doubt oblige at gunpoint).

    In fact, this kind on nepotism goes on throughout the world, though with greater subtlety, and usually the people are at least qualified. In the case of financial institutions it is less common because of the risk of abuse of power.

    The Chile scandal you are referring to was not similar at all. President Bachelet's daughter-in-law requested a large and unsecured loan from a bank - on behalf of her husband - and it was granted on the day Bachelet was elected. There is no doubt that influence was used and had you or I rocked up and asked for a similar arrangement we would have been laughed out of town.

    In my mind, one was using influence to obtain a loan. The other is putting people in place to commit wholesale fraud. Just my opinion.

    May 02nd, 2015 - 10:54 am - Link - Report abuse 0
  • Briton

    Another bad argy with a snug grin,
    Alejandro Vanoli will be ok,
    cant say the same for the poor.

    May 02nd, 2015 - 06:35 pm - Link - Report abuse 0
  • 313toBioBio

    http://www.lanacion.com.ar/1788334-hay-mas-argentinos-que-comen-salchichas-y-jamon-y-otras-frases-de-cristina-kirchner More statements from CFK, the jewish queen of argentina who makes fun of argentine people.

    @19 Bachelet's entire economic model is wholesale fraud. She is pumping up increasing government spending to combat this recession. The reserves are being pilfered. Austerity is all around us. She's following CFK's lead by giving speeches that are laughing at anyone who wants a better Chile tomorrow. Anyone who wants confidence in business and institutions.

    May 02nd, 2015 - 11:25 pm - Link - Report abuse 0
  • Troy Tempest

    Britain has a new Princess!

    Ha ha ha Trolls and haters!!!

    May 03rd, 2015 - 06:22 am - Link - Report abuse 0
  • ChrisR

    @ 22 Troy Tempest
    “Britain has a new Princess!”

    And she has already sent a message of support to the Falklands!

    Clever girl.

    May 03rd, 2015 - 11:08 am - Link - Report abuse 0
  • Mendoza Canadian

    golfcronie...Whenever I go out for dinner with friends and bring up the subject of politics my friends immediately say “what can we do...lets not talk politics”. They just don't care. Don't want to know. Don't understand that the have the right and an obligation to criticize the government.

    May 03rd, 2015 - 01:09 pm - Link - Report abuse 0
  • ElaineB

    @24 I have had very similar experiences in Argentina. When I point out they have the power to change things they respond with something like, “They are all corrupt so what's the difference”. This kind of apathy is hard to comprehend. I don't know if it is laziness or a genuine exhaustion from just getting by.

    That said, in more recent times I have found in particular the 20's age group are more determined to get a better life. I believe this age group have outgrown the 'we hate everyone and everything' teen-stage and through social media can see there is a better way. It has opened their eyes. Believe it or not, these intelligent, thoughtful and determined young folks were from the Mendoza province.

    May 03rd, 2015 - 01:20 pm - Link - Report abuse 0
  • Troy Tempest

    Elaine,

    It's actually the same in Cuba.

    Despite the Internet restrictions, the 20's know what is going on in the rest of the world now, and they want those opportunities.

    The older folk are less pragmatic and romanticise the regime more, even though they lived through tough times. There is still the strong ideology from the Soviet era, and memories of a time when life was good there, as it was under the Soviets.

    May 03rd, 2015 - 03:29 pm - Link - Report abuse 0
  • ElaineB

    @26 I completely agree. I was in Cuba about 8 years ago and it was the same situation. One 20-something told me how her grandmother worshipped the Castro brothers because she remembered life under Batista and it was a lot worse. She saw the Castros as having saved the poor Cubans from slavery to the rich Americans and Europeans.

    The woman in her 20s stated that they wanted the things people their age had and most of all to travel freely. To be able to work hard and achieve something for their efforts. It was an aspirational generation. Though she had one caveat to her dream. She categorically did not want the U.S. to invade and 'save' them. She was proud to be Cuban and wanted her generation to affect change.

    At the time I was there Fidel was at death's door after his first operation and I think everyone thought he would die and change would start. They feared Raul as more hard-line. Who would have thought how events have transpired and we can thank the demise of Venezuela in part.

    May 03rd, 2015 - 04:20 pm - Link - Report abuse 0
  • Troy Tempest

    27 ElaineB

    A Univ. lecturer in his early 30's told me, “ we've been under the Spanish Empire, the American Empire, and the Soviet Empire - now it's time to do things for ourselves!”

    May 03rd, 2015 - 05:17 pm - Link - Report abuse 0
  • BOTINHO

    Gross nepotism, and flagrant corruption.

    Hedgehog head muses with his wife and family members on how to get in on the “ gravy. ” No doubt that his wife ( Miss Piggy ) is well-experienced in international shopping sprees as the wife of a protected official. Thus well qualified to dive into the Central Bank and loot all she can.

    By Argentine standards that makes her the next to head the IMF !

    A note to all:
    Corruption starts with using your position to hire your wife, children, and friends, a rather obvious conflict of interest.

    May 04th, 2015 - 12:01 am - Link - Report abuse 0
  • golfcronie

    Not many Argie Trolls commenting on this story, I wonder why.

    May 04th, 2015 - 07:47 am - Link - Report abuse 0
  • SebaSvtz

    Another reason to be ashamed. Another immoral attitude disclosed. Another conspiracy to be blamed.

    Shame on these SOBs.

    May 04th, 2015 - 01:08 pm - Link - Report abuse 0
  • Troy Tempest

    Vanoli will be the scapegoat for the regime, when the house of cards collapses

    May 04th, 2015 - 01:32 pm - Link - Report abuse 0
  • yankeeboy

    They're estimating that the Arg Treasury will borrow (create) $400Billion due to the K overspending.

    There's a Tsunami of inflation coming.

    :)

    May 04th, 2015 - 01:54 pm - Link - Report abuse 0
  • Everyone_needs_ResveratrolL

    Meanwhile in the NorthAmoan 'paradise':

    police-4-dead-1-hurt-shooting-wisconsin-bridge-053600132

    http://www.usatoday.com/videos/news/nation/2015/05/04/26857299/

    May 05th, 2015 - 03:29 am - Link - Report abuse 0
  • yankeeboy

    It's a paradise compared to Argentina any way you look at it.

    http://www.cronicamendoza.com/article/index/140/policiales
    There's 40 pages of tragedy just in Mendoza, gosh only knows what Rosario looks like.

    May 05th, 2015 - 06:59 pm - Link - Report abuse 0

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