MercoPress. South Atlantic News Agency
Argentina states 'lack of confidence' in mediator Pollack named by Judge Griesa
The Argentine government has turned down a plea from mediator Daniel Pollack to return to the negotiating table with holdout investors, with the Economy Ministry considering that talks with the speculative funds, so-called 'vulture funds', would be inappropriate given the behavior of the litigants. Read full article
Comments
Disclaimer & comment rulesArentina has “ no confidence in Pollack ” who do they want Sepp Blatter?
Jun 02nd, 2015 - 07:03 am - Link - Report abuse 0You got to give it to Killichoff, he pulls every trick to kick the can down the road.
Jun 02nd, 2015 - 09:25 am - Link - Report abuse 0The vultures shouldn't waste their time and just wait until after our elections.
Griesa will add in the “me too” debt over this...
Jun 02nd, 2015 - 11:29 am - Link - Report abuse 0Meanwhile, Argentina's economy is in a dangerous place. It's racking up debt at a rate unseen since its last default in 2001-02. Revenues increased in Q1 2015 compared to the same time in 2014, but expenditures and interest payments have increased by far more.
As economist Claudio Loser of Centennial Group pointed out in a recent note, these calculations don't include any payments to NML or other creditors either.
“These numbers mean that during the first quarter, the overall financial deficit of the public sector increased by 206 percent from the first quarter of 2014,” Loser wrote.
“If these numbers are projected for the year, Argentina would incur in an overall deficit of about 6 percent of GDP, the highest in the region after Venezuela, on the basis of a nominal increase GDP of about 30 percent. The ratio would be much higher if one believes the official numbers of inflation and of real growth.”
He continued (emphasis ours):
“This is a terrible situation for a country that is in dire financial circumstances. Moreover, it would be the worst fiscal performance in the last twenty years on a cash basis, even worse than 2001-03, when Argentina declared unilateral default.”
In short, now is not the time for Argentina to be adding more to its tab.
But here we are.
Read more: http://www.businessinsider.com/me-too-creditors-added-to-argentina-suit-2015-6#ixzz3bu2mZStQ
So this means argieland now owes US$5.3 billion! Goody. Isn't it about time that the people who took the haircut put in their claims?
Jun 02nd, 2015 - 01:01 pm - Link - Report abuse 04. I think in the end it will be around U$10B. I think they'll have to renegotiate all the outstanding debt and get an IMF loan to bridge them.
Jun 02nd, 2015 - 01:27 pm - Link - Report abuse 0Its really bad.
3. I read that article yesterday, and mixed in with this article, and the Chinese loans, it's obvious CFK is doing all she can to leave the country in as bad a shape as possible. I bet the 33 billion they claim to have is a lie as well..
Jun 02nd, 2015 - 02:05 pm - Link - Report abuse 0The entire future economic collapse of Argentina will be blamed upon an international conspiracy coordinated by vulture funds and the IMF. It's obvious to the Argentine government that the US Federal Courts are coordinating this conspiracy by orchestrating the non-payment of bond holders debt that Argentina sincerely has tried to fulfill.
Jun 02nd, 2015 - 02:09 pm - Link - Report abuse 0It is always someone else's fault...
...meanwhile Paul Singer sips Champagne on his 400 foot yacht in Manhattan harbor with a slight smile on his face...
Dear rotting roadkill:
Jun 02nd, 2015 - 02:11 pm - Link - Report abuse 0Is the RUFO clause still prohibiting you from PAYING YOUR DEBTS?
LOL.
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Anyone that takes any statement from a representative of rotting roadkillian interests at face value should be committed for observation.
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When (if) the current set of thieves leave power the next group will have to audit YPF, ANSES, BCRA, ETC - to see if anything actually ever did exist.
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www.transparency.org/cpi2014/results
Internationally #107 with a 34 score.
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Enrique Massot: “Here It is, all the issues of a nation of forty-some million people explained in just seven words. We are all liars.”
7. yeah Voice awhile back was trying to say Singer had a duty to stop paying $ to embarrass the regime until I pointed out he and his family were the investors. Singer answers to no one.
Jun 02nd, 2015 - 02:28 pm - Link - Report abuse 0Voice is a knob.
6. Between the BCRA assets that are pledged, short term loans and over due import payments they have a negative float. With the huge decrease in exports that float is drying up. It should all collapse about the time the next Prez takes over.
I can't wait.
#9 YB
Jun 02nd, 2015 - 02:51 pm - Link - Report abuse 0Singer is a “Billionaire's Billionaire”
Argentina picked the wrong guy to fight with...
10. Its all fun and games until the Kruptors cause mass starvation.
Jun 02nd, 2015 - 03:33 pm - Link - Report abuse 0Pretty soon mastectomies will be commonplace again since they can't afford cancer meds.
Everyday a little of their dignity is gone.
Every day
#11 YB
Jun 02nd, 2015 - 03:44 pm - Link - Report abuse 0Argentines with money now go on a regular basis to Brazil or Chile for medical care. BA still has some excellent private medical clinics, but there is a backlog of patients as Argentine national healthcare is in crisis. (Once SA's best, now an estimated 85% of the scanners are out of service and imported medicines are in short supply)
Whether its theaving money from investors , or theiving anything not nailed down when Argentinians travel abroad.
Jun 02nd, 2015 - 05:30 pm - Link - Report abuse 0http://www.telegraph.co.uk/travel/hotels/11646110/Revealed-the-nationality-most-likely-to-steal-from-hotels.html
All self respcet and dignity of Argentina, of the country it used to be, has now gone under Kirchener.
Blatter first, Kirchener next.
and a Blatter is now gone!!
Jun 02nd, 2015 - 08:23 pm - Link - Report abuse 013. Saw that headline the other day but didn't check it. SWEET!
Jun 02nd, 2015 - 10:05 pm - Link - Report abuse 0----------------------------------------
Anyone that takes any statement from a representative of rotting roadkillian interests at face value should be committed for observation.
----------------------------------------
When (if) the current set of thieves leave power the next group will have to audit YPF, ANSES, BCRA, ETC - to see if anything actually ever did exist.
-------------------------------
rotting roadkill is NUMBER ONE!
http://www.telegraph.co.uk/travel/hotels/11646110/Revealed-the-nationality-most-likely-to-steal-from-hotels.html
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www.transparency.org/cpi2014/results
Internationally #107 with a 34 score.
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Enrique Massot: “Here It is, all the issues of a nation of forty-some million people explained in just seven words. We are all liars.”
@13
Jun 02nd, 2015 - 10:38 pm - Link - Report abuse 0No wonder CFK keeps hers empty.
Who are the Argies? They're 3rd world bloodsuckers with “airs”. That chithole was invaded by the worst of the worst from Italy, Germany running away (WWII), and Jews. For some reason they consider themselves Europeans but go outside Buenos Aires and see the rest of that country & their poor indigenous people, yet they keep procreating. The Argies have been unable to control the breakouts of AIDS, dengue & TB. The best thing the US gov't did was to ban all imports of that filthy Argie beef from diseased, obese animals and the world should follow suit. Avoid eating that “dulce de leche” made by the Argies, this is a spread invented by the Spaniard centuries ago made with cow's milk ~ very dangerous if it comes from the Argies. READ THE LABELS!!! If you ever get involved in a traffic accident & the other driver or “victim” is an Argie CALL THE POLICE!!! Do not fall for the Argie well known practice all over the world to fabricate accidents, play the victims & ask for cash on the spot. There millions illegal Argies in the US & Europe + they keep invading their surrounding countries esp. Chile. Brazil is a Marxist country, they're no better either.
Jun 02nd, 2015 - 11:55 pm - Link - Report abuse 0Those two in the picture look just like Dumb and Dumber.
Jun 03rd, 2015 - 01:43 am - Link - Report abuse 0They have the typical Anglo corrupt crook look.
17.; 18. LOL>LOL>
Jun 03rd, 2015 - 01:57 am - Link - Report abuse 0----------------------------------------
Anyone that takes any statement from a representative of rotting roadkillian interests at face value should be committed for observation.
----------------------------------------
When (if) the current set of thieves leave power the next group will have to audit YPF, ANSES, BCRA, ETC - to see if anything actually ever did exist.
-------------------------------
rotting roadkill is NUMBER ONE (#1)! SEVENTY-THREE (73%) PERCENT!
www.telegraph.co.uk/travel/hotels/11646110/Revealed-the-nationality-most-likely-to-steal-from-hotels.html
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rotting roadkill is NUMBER ONE HUNDRED, SEVEN (#107)! With a THIRTY-FOUR (34) SCORE!
www.transparency.org/cpi2014/results
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Enrique Massot: “Here It is, all the issues of a nation of forty-some million people explained in just seven words. We are all liars.”
It is an unfortunate fact that it is not only the administrations of foreign powers that lack confidence in the institutions of the US government. The American people are also loosing confidence - as detailed in this article:
Jun 03rd, 2015 - 02:03 am - Link - Report abuse 0http://www.nationaljournal.com/white-house/why-we-can-t-trust-the-nsa-and-why-that-s-a-crisis-20150601
In the case of the US courts there have been a number of cases dismissed on no other basis other than 'national security' (aka 'state secrets'). I am old enough to remember when we used to condemn the late, but not great, Soviet Union for exactly the same behavior.
CLARIFICATION
Jun 03rd, 2015 - 02:17 am - Link - Report abuse 0A poster nicknamed Chronic has been posting an excerpt of one of my posts—out of context. (See #8 and #19).
Unable to cope with dissent, this individual has resorted to harassment and abuse of this forum. See below the conversation from which the excerpt was taken:
32 Conqueror - May 18th, 2015 - 03:03 pm
@26. “…Argies lie as a matter of course. You do it yourself....”
RESPONSE: 33 Enrique Massot May 18th, 2015 - 04:02 pm
EM: “I am totally humbled by such a thoughtful statement. Here It is, all the issues of a nation of forty-some million people explained in just seven words. We are all liars. We should realize that, become a protectorate and name Conqueror as Minister of Truth. Finally, all will be solved.”
@19
Jun 03rd, 2015 - 02:24 am - Link - Report abuse 0So 73% of Argies are honest when asked the question, and over half of Brits are dishonest and duplicitous, and thus nothing but furtive thieves.
I think this is no surprise to anyone in the world.
Who is Christian Rubilar?
Jun 03rd, 2015 - 02:28 am - Link - Report abuse 0----------------------------------------
Anyone that takes any statement from a representative of rotting roadkillian interests at face value should be committed for observation.
----------------------------------------
When (if) the current set of thieves leave power the next group will have to audit YPF, ANSES, BCRA, ETC - to see if anything actually ever did exist.
-------------------------------
rotting roadkill is NUMBER ONE (#1)! SEVENTY-THREE (73%) PERCENT!
www.telegraph.co.uk/travel/hotels/11646110/Revealed-the-nationality-most-likely-to-steal-from-hotels.html
---------------------------------
rotting roadkill is NUMBER ONE HUNDRED, SEVEN (#107)! With a THIRTY-FOUR (34) SCORE!
www.transparency.org/cpi2014/results
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Enrique Massot: “Here It is, all the issues of a nation of forty-some million people explained in just seven words. We are all liars.”
@13 That article made me smile. One time I was checking out of an hotel in Argentina when an Argentine friend came over to meet me. While I finished packing she went through the room harvesting everything not nailed down and put the items in her handbag. I told her to keep the toiletries as they are included in the room rate - as are the towelling slippers - but made her put the rest back. It wasn't as if she had paid for the room! It was just so casual that she assumed she could help herself.
Jun 03rd, 2015 - 08:30 am - Link - Report abuse 0That said, I also recall reading about some dumb people in the UK trying to take a flat screen TV out of a hotel room window - in full view of the CCTV!
Toiletries, slippers, postcards and stationery in the rooms are all factored into the room rate. If you want them, take them. Everything else is rented for the night. And think about thieving because in some places they take the cost of stolen items out of the maids pay.
23 chronic (#)
Jun 03rd, 2015 - 08:46 am - Link - Report abuse 0Can not anyone stop this mentally disable person from posting the message over and over again?
Chronic retardation?
24. I had to teach my Arg friends the same thing. Since I was paying for the room I would have ended up with the bill for the stolen loot anyway...
Jun 03rd, 2015 - 11:44 am - Link - Report abuse 0#24 Elaine
Jun 03rd, 2015 - 02:20 pm - Link - Report abuse 0When I was in active duty in the Armada de Chile, I was assigned as liaison officer to a visiting official delegation from the Armada de la República Argentina. As there were several other navies in attendance and because our commanding admiral was in a generous mood after himself being lavishly hosted in Buenos Aires the year prior, he had them booked at the Sheraton Miramar Hotel in Viña del Mar. Mind you, these four individual “officers and gentlemen”, specifically a Vicealmirante, a Capitán de Navío, a Capitán de Corbeta and a Teniente de Navío took somehow sheets, pillows, bed coverings, glassware, all the liquor in the minibars and ran up outrageous food and bar bills leaving the Armada de Chile fully liable for millions of Pesos. The only reason that I was not demoted to a subteniente and assigned as a file clerk in Arica was because I had previously advised by memorandum to my CO that room charges were not recommendable as from prior experience. We all knew and expected that there would be some “war booty” collected by our invitees, but the subsequent grand theft was stunning!
In the end, an extensive investigation was conducted by a special committee that debated the merits as well as disadvantages of sending the ARA an invoice, but eventually it was decided not to as it might cause a diplomatic incident. Weeks later, myself and the other investigating officers were all unexpectedly promoted and advised to forget what happened.
http://news.yahoo.com/brexit-could-raise-clamor-scotland-independence-vote-sturgeon-080758386.html
Jun 03rd, 2015 - 02:28 pm - Link - Report abuse 0The Diva complex of the English is self-destructive and I have always said so.
The English think it's 1879 or something, and that they are some sort of world superpower that people will weep and beg for them to stay. The other big three in the EU are already at the point of “who gives a f'---, don't let the door hit you” (that's why Merkel, Hollande, Renzi, and the others have all been so “polite” to Cumoron, they simply don't care a ferk). The USA, the entire British private sector is saying how bad of an idea it would be, the English don't care. Now as I predicted the Scots and probably the Welsh will say “hell no” to the English unilaterally dragging both of them out of Europe and into some meaningless and irrelevant north Atlantic minor archipelago alliance.
I hope Cameron just keeps going with his outdated and obfuscated English arrogance. He is the big lemming leading the rest straight into the North Sea... hahahaha.
Just as long as the Royal Navy continues to provide us with their most generous friendship as well as allowing us to occasionally acquire their beautifully maintained warships, the UK is greatly admired on this side of the Andes.
Jun 03rd, 2015 - 02:55 pm - Link - Report abuse 0They are your allies, what part of “but they are our enemies” (Argentina's), don't you get?
Jun 03rd, 2015 - 03:06 pm - Link - Report abuse 0“The enemy of my enemy is my friend”. I learned the true meaning of that in both 1978 and 1982. We never forget.
Jun 03rd, 2015 - 04:38 pm - Link - Report abuse 0Good on the Argentne government for keeping a clear position on the holdout/vulture affair.
Jun 03rd, 2015 - 05:06 pm - Link - Report abuse 0Here's hope that the government elected in October keeps the same defence of Argentina's sovereign rights.
This case is bound to break new ground by showing these greedy big shots can--and will--be defeated.
32. Argentina and the various provinces and businesses are paying 3X more interest on bonds and other notes than they would if they settled.
Jun 03rd, 2015 - 06:22 pm - Link - Report abuse 0and they can't afford 10%
Reekie, You're so stupid it hurts me to read your posts.
rotting roadkill is clearly bunkering down into a political/fiscal survival mode. And Mr. Singer is out shopping.
Jun 03rd, 2015 - 08:15 pm - Link - Report abuse 0For review:
---------------------------------------
Anyone that takes any statement from a representative of rotting roadkillian interests at face value should be committed for observation.
----------------------------------------
When (if) the current set of thieves leave power the next group will have to audit YPF, ANSES, BCRA, ETC - to see if anything actually ever did exist.
-----------------------------------------
rotting roadkill has defaulted on its so called sovereign debt eight (8) times since 1839.
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rotting roadkill is #1 with 73%!
www.telegraph.co.uk/travel/hotels/11646110/Revealed-the-nationality-most-likely-to-steal-from-hotels.html
---------------------------------
rotting roadkill is #107 with a 34 score!
www.transparency.org/cpi2014/results
------------------------------------------------------------
Enrique Massot: “Here It is, all the issues of a nation of forty-some million people explained in just seven words. We are all liars.”
CLARIFICATION
Jun 04th, 2015 - 04:18 am - Link - Report abuse 0An individual posting in this forum under the nickname of Chronic has taken an excerpt of a post of mine out of context to change its meaning. (See #34 above).
Unable to cope with dissent, the said Chronic has resorted to this form of harassment, abuse and purposely distortion of others' writing.
Below is the excerpt in question as it was originally posted:
32 Conqueror - May 18th, 2015 - 03:03 pm
@26. “…Argies lie as a matter of course. You do it yourself....”
33 Enrique Massot May 18th, 2015 - 04:02 pm
RESPONSE: “I am totally humbled by such a thoughtful statement. Here It is, all the issues of a nation of forty-some million people explained in just seven words. We are all liars. We should realize that, become a protectorate and name Conqueror as Minister of Truth. Finally, all will be solved.”
31 Chicureo Shame on you!
Jun 04th, 2015 - 08:34 pm - Link - Report abuse 0For an analysis Argentina's coming elections of the quality that is not possible to get from a British government run propaganda operation like Mercopenguin see:
Jun 05th, 2015 - 03:53 am - Link - Report abuse 0http://semancha.com/2015/06/01/argentine-elections-15-polls-point-to-scioli/
Also:
http://semancha.com/2015/06/01/argentine-elections-15-polls-point-to-scioli/
#37 Hepatia
Jun 06th, 2015 - 08:56 am - Link - Report abuse 0Only polls showing results favourable to the Argentina opposition will be considered--and loved--by a majority of posters in this forum.
Any poll reporting advantage for Kirchnerist candidates will be dismissed as non-credible, biased, inexact, Kirchner-friendly, Kirchner originated, falsified, no polls are to be trusted, etc. etc.
http://en.mercopress.com/2015/06/02/argentina-states-lack-of-confidence-in-mediator-pollack-named-by-judge-griesa#comment400310: As far as I can tell no such polls exist.
Jun 07th, 2015 - 02:06 am - Link - Report abuse 0Sorry, Enrique,
Jun 07th, 2015 - 11:54 am - Link - Report abuse 0According to Hepatia'sarticles, the majority of voters are anti-K, but the Opposition is split.
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