Argentina talks to US Treasury Secretary; lifting dollar clamp depends on level of reserves

Monday, December 7th 2015 - 08:44 UTC

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Argentina's incoming Finance minister Alfonso Prat-Gay spoke with the United States Treasury Secretary Jack Lew to discuss economic plans to achieve sustained economic growth. The minister also announced in a long interview with Buenos Aires main dailies that lifting the dollar 'clamp' as promised by president-elect Mauricio Macri, will much depend on the level of international reserves Argentina can count with. Read full article

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ChrisR
Mmmm!

Macri has made a good start with this approach to the US. He will, of course, need to get 'The Vultures' on his side as well if loans are going to be forthcoming.

This new administration has a mammoth task ahead of itself.

Anybody want to bet there are ANY actual dollars in the Central Bank? No, I didn't think so.
Dec 07th, 2015 - 12:29 pm - Link - Report abuse 0
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chronic
Gay Prat has a little bit of time on his hands. America can take no action on the rottingroadkill issues until either a Conservative president is elected or the legislative branch is replaced with a liberal one.

Since it is quite likely that a Republican President will take office in '17, Singer et al will have to be consulted for an analysis of the legal dynamics of any accommodation for rottingroadkill's problems.

Concurrently rottingroadkill's bilateral arrangements with russia and china will have to be reviewed.at that time.

It would also be.a proper time to review rottingroadkill's compliance with.previous wto rulings regarding the settlement of outstanding.damages.

Such a long list of matters to address.

And then there is the matter of various multinationals with U.S. presences that have issues with recent rotting roadkillian nationalizations.

Fun times!
Dec 07th, 2015 - 01:16 pm - Link - Report abuse 0
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yankeeboy
The USA govt has no reason to go out of their way to help Argentina. Whether Argentina lives or dies has little bearing on the USA.
I don't think they'll go out of their way to hinder them but as chronic says there's a lot to do before they could even begin to discuss new business or loans.
Dec 07th, 2015 - 05:31 pm - Link - Report abuse 0
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tHroUGH_THE_lOOKING_GlASS
Who is buying US treasuries?

Answer: NO ONE.

http://247wallst.com/banking-finance/2015/12/08/china-and-japan-continue-to-liquidate-us-treasury-holdings-what-it-means/

It has started, and India is now following suit.

The world is being flooded with worthless American bonds... watch the floor come under the USA by around 2020, as I predicted years ago.
Dec 09th, 2015 - 07:32 am - Link - Report abuse 0
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