MercoPress. South Atlantic News Agency
Pollack statement: “pleased to report that enormous progress has been made”
Daniel A. Pollack, Special Master presiding over settlement negotiations between the Republic of Argentina and its “holdout” Bondholders issued the following statement today (Friday, Jan 5): Read full article
Comments
Disclaimer & comment rules“not of their making”
Feb 06th, 2016 - 12:12 pm - Link - Report abuse 0lol.
Did Uraguava steal the rg seal and issue the bonds in their name?
Did Brazzer get the proceeds from the bond sales.
Another whore of Wall Street tries to insult my intelligence by invoking time and or distance as a bar to obligation.
Pollock - it's SOVEREIGN debt!
These guys are rg and duly appointed representatives of a duly elected rg government.
They obviously weren't signatories to the issuance of the bonds but no citizen or representative thereof would be and neither would they be individual personal guarantors of the same - it was and is an obligation predicated on the full faith and performance of rgntiny.
To diminish and trivialize that national promise to its bondholders by seeking to draw an equivalency to succession in representatives to a diminishment in obligation is a fool's errand.
Or the statement could be seen as a sugar-coated but rather obvious insult directed at not only the Kirchners but also earlier argento governments.
Feb 06th, 2016 - 12:42 pm - Link - Report abuse 0And if Singer's team doesn't like the proposal and wants a better deal? Then nobody gets paid until they are happy with something better. It doesn't take much of a thinker to suspect that Macri's team built a lot of wiggle space into their 25% haircut offer. Who wants to speculate that the real majors in this won't settle for any haircut greater than 15%?
@1
Feb 06th, 2016 - 12:46 pm - Link - Report abuse 0Obviously from reading your rants you don't know the first thing about honesty, integrity, honoring your debts, playing the cards you've been delt, take a loss like a man and earn the respect of others, sense of fair play, your word is your bond actions are better than rants.
A country is, as you suggest, is made up of people, but the big difference is the people represent the country and their actions ARE the country. I'll bet you don't pay your bills on time, that you have few friends, no respect from anyone, are miserable at best and go though life just sucking up oxygen while accomplishing nothing.
Zero debt.
Feb 06th, 2016 - 12:59 pm - Link - Report abuse 0No doubt. After all, who would loan you money knowing your attitude towards repayment.
Feb 06th, 2016 - 01:12 pm - Link - Report abuse 0Breath shallow, there are more important people out there working hard, paying their debts, and earning respect from their peers that need the oxygen.
5. rg pond scum?
Feb 06th, 2016 - 01:15 pm - Link - Report abuse 0@5
Feb 06th, 2016 - 04:34 pm - Link - Report abuse 0“After all, who would loan you money knowing your attitude towards repayment.”
You want me to pay you back!!??
“Obviously”, you have a terrible attitude and equally “obviously”, you have no integrity. That is clear. ???????
@3
Feb 06th, 2016 - 05:33 pm - Link - Report abuse 0“but the big difference is the people represent the country and their actions ARE the country”
http://www.theguardian.com/commentisfree/2012/apr/23/british-empire-crimes-ignore-atrocities
“Last week's revelations, that the British government systematically destroyed the documents detailing mistreatment of its colonial subjects,”
http://www.theguardian.com/commentisfree/2012/apr/23/british-empire-crimes-ignore-atrocities
Boxer Rebellion:
Boer War: Of the 107,000 people interned in the camps, 27,927 Boers died along with an unknown number of black Africans.”
I wont quote the whole article, since one needs a couple of days to read it all... And a reminder these are PROVEN war crimes (so pages of unproven ones are not included), nor is anything before 1900 included, which means Australia, India, North America, and other parts of the world that had the misfortune of encountering the British are not included... and it's a span of 300 years since Britain decided to cease being a proper respectable nation circa 1600 to become one of the biggest war crime, conquest, colonialism, and deracination machines in the least half millenia.
So I am glad we both agree, a people's actions ARE the country.
@7 take it easy bushpig. Nobody asked you to do squat. Crawl back in the bush and shut tfu , the post was for the “chronic ”complainer who doesn't believe a country needs to pay it's debts.
Feb 06th, 2016 - 06:08 pm - Link - Report abuse 09.Clueless.
Feb 06th, 2016 - 06:17 pm - Link - Report abuse 0lol.
damm there are some serious cock swallowers on this board.
Feb 06th, 2016 - 08:31 pm - Link - Report abuse 0Macri is doing every thing possible to correct a fucked up government and all you fuckwits can do is criticize .
Give the guy a break he is doing an amazing job with the limited resources available to him.
Dear rg pondscum:
Feb 06th, 2016 - 10:19 pm - Link - Report abuse 0Macaroni is a big upgrade from Cretina but he's still a little left of center rg who doesn't want to deliver full measure.
So, as rgs go - Macaroni is the best ever.
But he's still a lying/cheating/serial defaulting/land grabbing rg.
Maybe he isn't a thief - but time will tell.
And he and his crew are much less embarrassing than the last bunch.
Enjoy.
Klingon, Macri is doing a decent job of dealing with the shit he inherited, from what I can see here in Agrentina. I've noticed people's attitudes tight away, not that they were ever bad toward me. I myself think in a years time we can really judge how he is doing.
Feb 07th, 2016 - 12:37 am - Link - Report abuse 0I never really understood why those how are not Argentine, don't live there, are not debt holders or work for the task force really care what happens in Argentina.....strange to me.
Tobi, no coffee in Mendoza huh? How about pointing me to a nice little cafe for a decent jarrito and medioluna?
Looks like three of the six main bondholders are rejecting the Argentine defaulted-debt payment offer with the 25 percent haircut. Might be some confirmation of that on Monday.
Feb 07th, 2016 - 02:25 am - Link - Report abuse 0@13
Feb 07th, 2016 - 02:30 am - Link - Report abuse 0There is no decent coffee in Mendoza since Starbucks arrived some years ago. Once they close and I'm sure they will like any American food chain that is not McDonalds has (we have standards here unlike the rest of the world), then sure, great coffee abounds. Enjoy.
Which do you recommend.....Havana like Starbucks is everywhere and overrated. Though I like their lemon cream cookies.
Feb 07th, 2016 - 05:37 am - Link - Report abuse 0You seem to fail to undestand that Starbucks is thriving I'm Argentina. The 20 and 30 year olds are causing it to grow there. I thought you knew that.
Allow me to buy you a cortado or jarrito?
”There is no decent coffee in Mendoza since Starbucks arrived some years ago. Once they close and I'm sure they will like any American food chain that is not McDonalds has (we have standards here unlike the rest of the world), then sure, great coffee abounds. Enjoy.”
Feb 07th, 2016 - 08:43 am - Link - Report abuse 0That's very sad to hear considering there's over 90 Starbucks in Argentina.
Australia didn't have to wait for Starbucks to fail for great coffee to abound. The fact we already had great coffee is the reason they failed. After opening its first store here in 200 they went on to open 84 stores and lose A$150 million before closing 60 of them and finally selling their remaining stores to..... get this..... 7/11!!!!
For every Starbucks in Melbourne (the lonely 6 stores usually filled with tourists) there are a dozens cafes nearby selling bubble tea with lines out the doors or hundreds of real cafes with actual baristas crowded from open to close.
But if you have to wait for someone else to fail before you can succeed then that explains a lot about Argentina.
Don't wait, succeed in spite of the competition.
https://munchies.vice.com/en/articles/this-is-why-australians-hate-starbucks
Like I said, Starbucks is thriving in Argentina, even the ones in Mendoza, especially at the mall. The young RG's love Starbucks more than Havana. Starbucks in Argentina is doing better than Havana in Florida. Myself, I don't like Starbucks. I'll take a local jarrito con crema any day over Starbucks. One thing about Argentina......they love their coffee as much as I do. You need to be in an urban area in the USA for a good coffee shop and even then, you end up with a barista and over then over charging for it.
Feb 07th, 2016 - 03:49 pm - Link - Report abuse 0Captain Poppy
Feb 07th, 2016 - 08:22 pm - Link - Report abuse 0My parents tell the story of when my dad first went to the States and was along for a Flat White. The girl behind the counter was nonplussed and while trying to reconcile his version of English with her version, my stepmum came forward and told her he wanted a coffee with cream. Even against his protestations that he didn't want cream but milk.
Anyway I hear Flat Whites are the new coffee 'thing' in NYC and Aussie barista the drawcard for many. I hope Montreal is following that trend as I'd much prefer to work as a barista than anything else after I arrive there in July. Seems there are more Starbucks in downtown Montreal than all of Australia. So hopefully that bodes well.
No idea what a flat white is....lol.
Feb 08th, 2016 - 01:44 am - Link - Report abuse 0Anyway, you should enjoy Montreal, I do. Make sure you explore the old French Quarter, there's a great jazz restaurant there, i forget it's name, the owner is pretty cool.....and an awesome Argentine steakhouse.....if you like steak.
There are better coffee shops there then Starbucks too. Enjoy it, we always do when we go.
Cap
Feb 08th, 2016 - 06:58 am - Link - Report abuse 0Here you go: https://en.m.wikipedia.org/wiki/Flat_white
I've been to Montreal twice and loved it. Once in summer and once in winter. As I'll be there an entire year I'm sure I get to know it quite well.
If you're there sometime between July '16 and June '17 then perhaps we'll grab a non-Starbucks coffee.
It's really a small latte Pops....
Feb 08th, 2016 - 11:29 am - Link - Report abuse 0I was thinking a latte.
Feb 08th, 2016 - 11:47 am - Link - Report abuse 0I am up there a couple of times a year. Perhaps we will as it only a few hours drive.
Meanwhile, the defaulted debt question:
Feb 08th, 2016 - 04:49 pm - Link - Report abuse 0Elliot rejected the Prat-Gay debt payment solution with the big haircut, as all the cognoscenti expected.
Pat-Gay made some clumsy and foolish statements to the media in Argentina, essentially insults to the Singer side. Essentially counterproductive.
Not much Argentina could do about it, either, but the tendency for arrogant argento strutting seems to have gotten into Prat-Gay's coffee. We now wait for somebody to blink. Not likely to be Singer, but we shall see. Prat-Gay likely to play the phony whimper card, that the little argentos aren't getting the new PlayStations that they so richly deserve. Pat-Gay is not as clever as he wants some people to believe, now that he's up against the Big Dogs.
As long as this drags on, the interest accrues. Argentina remains locked out of normal international financing and neither the restructured bondholders nor the other holdouts get anything, either. That's a rather powerful hand.
One Ring to rule them all,
One Ring to find them,
One Ring to bring them all,
And in the darkness bind them
No one cares about the defaulted debt aside from those (snicker) who bought in it. I have to assume they were Bernies clients as well........lol. Madoff not Sander's.
Feb 08th, 2016 - 06:48 pm - Link - Report abuse 0Bahahahahahaha!!!
That one is most definitely the worst of ALL of your alter ego's.......latin does not fit you well at all. It flies as well as Donald Dump showing his intelligent side, unfortunately for us Americans, his intelligent side is much like superman.....faster than a speeding bullet.
I don't see why Singer should settle for anything less than full payment including all interest and attorney/collection fees.
Feb 08th, 2016 - 06:50 pm - Link - Report abuse 0Argentina is just about at full capitulation
All the pay day loans at BCRA are due shortly
Tick tock.
@25 “No one cares about the defaulted debt ....”
Feb 08th, 2016 - 08:11 pm - Link - Report abuse 0Not everyone cares, clearly, but there is still a lot of attention being paid to it by a lot of people who do know better than to buy such stuff, and for a wide variety of reasons. And every new detail or allegation of a new twist is front-page news here.
@25 ”......latin does not fit you well at all
Latin ? What Latin? Denuone Latine loquebar? Me ineptum.
Maybe, just maybe I say that Paul Singer has, or will make a mistake along the way. Maybe he won't. Either way, he invested in Marco Rubio. Chump change for him, but a losing decision none the less.
Feb 08th, 2016 - 08:16 pm - Link - Report abuse 0I'm rooting Macri pulls this off and makes some good changes here in Argentina.
I've bleed for some shithole middle eastern twatholes, the least I can do is give Argentina some verbal support.
We'll see what happens in due time.
It is really silly and rather counter productive for Argentina to argue over a 3-4 Billion that they legally owe.
Feb 08th, 2016 - 08:23 pm - Link - Report abuse 0Pay it and move on.
It's not my problem, so at the end of the day I don't care, it's not my loss. I'd rather find that Iraqi yellow cake purchased from Niger.
Feb 08th, 2016 - 08:35 pm - Link - Report abuse 0Quoting Pollack: “ President Mauricio Macri and ... Minister of the Economy Alfonso Prat-Gay. ... this long-festering problem which was not of their making.”
Feb 08th, 2016 - 08:36 pm - Link - Report abuse 0What Pollack is telling us, is that Macri and Prat-Gay
1. did not issue the toxic bonds.
2. would have solved the holdout problems, had they been in charge previously.
Pollack nowhere hints that the problem isn't of Argentine making.
- - - - - -
@ 8 Tobias who does *not* live in Mendoza (present pseudonym: CapiTrollism_is_back!!)
Why don't you come visiting beautiful Mendoza, bringing (a lot of) money to help reduce the huge deficit
Perez leaves the Province with multiple debts and in crisis
Pérez deja a la Provincia con deudas múltiples y en crisis
http://www.losandes.com.ar/article/perez-deja-a-la-provincia-con-deudas-multiples-y-en-crisis
After governor Pérez left: “We estimate a deficit of 4,500 to 4,800 million by 2016; 4.5 to 4.8 billion”
“Estimamos un déficit de 4.500 a 4.800 millones para 2016”
http://www.losandes.com.ar/article/perez-deja-a-la-provincia-con-deudas-multiples-y-en-crisis
Health workers again on strike for their salaries which the government again pays late
Paro en Salud por los salarios que el Gobierno otra vez atrasados
http://www.losandes.com.ar/article/perez-deja-a-la-provincia-con-deudas-multiples-y-en-crisis
Perez acknowledged, before leaving, a debt of millions
Pérez reconoció, antes de irse, deuda millonaria
http://www.losandes.com.ar/article/perez-deja-a-la-provincia-con-deudas-multiples-y-en-crisis
Mendoza: 1 in 5 young people do not study or work
Mendoza: 1 de 5 jóvenes no estudia ni trabaja
http://www.losandes.com.ar/article/perez-deja-a-la-provincia-con-deudas-multiples-y-en-crisis
@29 “It is really silly and rather counter productive for Argentina to argue...”
Feb 08th, 2016 - 09:05 pm - Link - Report abuse 0-
It pratfall doesn't argue, or give the appearance of arguing, he has little hope for getting the Argentine legislature to change the current law that right now prohibits the payment according to the offer that he has made. And even if he could get all the Big Dog holdouts to agree to the first offer (which he can't - at least three and likely four have rejected it) - there is still some doubt that the legislature would change that Ley Cerrojo. The Macri government is said to be sending a law proposal to the legislature next week to remove the Ley Cerrojo but it remains to be seen how far that gets and whether there may be strings attached, such as an amendment to that Ley Cerrojo rather than completely nullifying it. Still a lot that can happen and even a lot of time may pass before anybody gets paid anything.
The other part of this that I find mind-numbingly stupid is to negotiate this in public.
Feb 08th, 2016 - 09:09 pm - Link - Report abuse 0When the deal is done announce it
Like any other sane business person would do
Really the simplest solution is to offer Singer new bonds and gross them up so they can sell them in the open market for the cash equivalent of what is owed.
Just like they did with YPF.
There are no Starbucks in Mendoza.
Feb 08th, 2016 - 09:28 pm - Link - Report abuse 0There are two Starbucks in Gran Mendoza, namely in the independent municipality Godoy Cruz, one of them in Palmares Open Mall, the other one in a “shopping” at the border of Chachras de Coria.
You get the best coffee in Mendoza in “Bonafide” in Paseo Sarmiento and in Avenida San Martín, in “Dünken” also in Paseo Sarmiento, and in “Portofino” in Avenida B.; Havanna (note the double 'n') is OK but not in the same class, although their prices are the same or higher.
For those who claim to live in, or be well acquainted with Mendoza, tell me what it says on the facade of “Portofino” and what is special about the name.
Tobi, exactly which street in Mendoza is this: http://sr1.wine-searcher.net/images/news/48/78/argentina-mendoza-demonstration-10004878.jpg ??? anybody living in Mendoza recognizes the wall on the right.
Interesting thread about coffee...
Feb 08th, 2016 - 11:28 pm - Link - Report abuse 0Nice to see that coffee culture is finally reaching far away places as USA, Australia and Scotland...
BUT AT WHAT PRICES...!!!
Four, five, six or more bloody american dollars for a huge but tame lukewarm capuccino prepared by schoolgirls soo young that they could be my grand grand daughters and served on paper cups...!!!
I much prefer my winter residence Capuccino pushers as caffè Defilla or Mangini... where they serve good, hot ones on decent sized porcelain cups costing UNDER 1.5 US$....
Auguri
El Think
“The Government of Argentina does not fully comply with the minimum standards for the elimination of trafficking; however, it is making significant efforts to do so.”
Feb 08th, 2016 - 11:39 pm - Link - Report abuse 0These latest investigations may mark a shift in tactics as authorities try to combat Argentina's reputation as a regional trafficking hub. While the number of investigations related to human trafficking charges has risen in recent years, conviction rates remain low.
http://www.insightcrime.org/news-briefs/argentina-follows-money-in-human-trafficking-investigations
Anyone want to bet this nastiness leads right back to the Ks?
Anyone?
Anyone?
Macri should let the DEA in to see what they can find
@35 Think
Feb 09th, 2016 - 03:53 am - Link - Report abuse 0Irrelevant.
And who cares what your mealy-mouthed opinion is.?
It's likely you are just resentful that you can't afford mainstream expenses or the occasional minor lifestyle excesses.
Do retired Communists receive any pensions from the Comintern anymore?
Good luck with that Don. I've been asking tobi that question since last year when the demonstration happened.
Feb 09th, 2016 - 12:01 pm - Link - Report abuse 0He'll hide for a while and then pop up with a new uncleaver name.
37. Its pure fantasy, it likes to appear worldly and traveled. Its not either.
Feb 09th, 2016 - 12:59 pm - Link - Report abuse 0It has lived a failed life being a scared Marxist Terrorist who was lucky enough to escape ( too bad in my book) , it lives on a meager welfare check and lives out its fantasies on various boards all day.
Geeeeeeee.......
Feb 09th, 2016 - 01:38 pm - Link - Report abuse 0I have been upgraded by master turnip Yankiboy...!
Some years ago he was convinced that I was a cartonero in BUE...
But back to the important stuff...:
Is it just me finding it a bit odd to pay 5 (five) or more American bucks for a tame Latte served on a styrofoam container in any god-forsaken shopping mall of the Anglosphere..., when one can enjoy a superb cup of Joe anywhere in Italy for under 1.5 US$...?
Cartoneros rank above failed scared Marxist Terrorist.
Feb 09th, 2016 - 02:12 pm - Link - Report abuse 0Styrofoam? Are you a time traveler too?
I still laugh when you were trying to brag you were surfing and posting on this board from Intelsat phone that didn't exist at the time.
What silly sad fantasies you have...
(41) My dear Fred Bates, Watchington DC.
Feb 09th, 2016 - 02:36 pm - Link - Report abuse 0How many times have I told you to go easy on all that coke you snort every day....?
You could end jumping into an imaginary swimming pool from a fifth floor, you know...?
By the way...:
Are you still married to that falsE blonde Argie woman...?
Did you ever got your stolen Rolex back from the BUE police...?
Chuckle chuckle...
42. Such a sad fantasy world.
Feb 09th, 2016 - 03:20 pm - Link - Report abuse 0Remember when you told us the sun was rising and it was 2am in Argentina.
Remember?
Bahahahha
Are you ever right?
Nah
Sistah
Nah
Think @ 40
Feb 09th, 2016 - 03:58 pm - Link - Report abuse 0Just more proof that Think gives his lofty opinions without ever going anywhere.
No idea of the real situation.
Italians don't have near the disposable income of the Americans, nor do their outlets have the same overhead.
You blew it, Think - talking through your hat.
He's never right about anything.
Feb 09th, 2016 - 04:08 pm - Link - Report abuse 0Everything is pure fantasy.
Most of the time he doesn't know if its light or dark out without first checking to see who he's logged in as...
(44) Kanuk Supermarionation Logics 101...:
Feb 09th, 2016 - 04:22 pm - Link - Report abuse 0Because Canadians earn, in average, 30% more than Italians...
https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita
... Canadians must pay, in average, 400% more for their Latte...?!?
Dohhhhhhhhh....
This is how stupid Think is:
Feb 09th, 2016 - 08:27 pm - Link - Report abuse 0http://data.cnbc.com/quotes/YPF
Market Cap 6.2B
Just about 1/2 what CFK paid for it.
I'm sure everyone remembers he thought that was brilliant...
As I said he's never right about anything.
doofus
I would not be surprised that negotiations break down. Argentina has nothing to lose. Can show they came in good faith and proven Singer to be the Vulture that CFK claimed all along was. It's funny people here think Argentina is out of time... out of time for what?? It's already in default, it can default a million times this year the status or situation on the ground doesn't change. As far as the borrowing markets go, Argentina has been dead. You can't be “half-dead” or “half-alive”. If you are in default your are in default. There can be trillions due in debt tomorrow, and so? How does not paying worsen the situation? You are already ”De(ad)fault”.
Feb 10th, 2016 - 01:01 pm - Link - Report abuse 0Singer may not care too much about his international reputation, but if he is seen as torpedoing a new government in Argentina, then you will see massive political pressure mount on him.
@48 In your Weltanschauung of “political pressure” in the model of corrupt (i.e., Argentine) government, and the bullying and goon squads and suiciding of peronismo, you fail to understand that Singer and company are not affected by “political pressure.” In fact quite the reverse is true. It is the holdouts who are creating the political pressure.
Feb 10th, 2016 - 03:37 pm - Link - Report abuse 0For your possible edification, there are various grades of default. You really ought to try to understand these things. Here is a hint: figure out what “selective default” or “technical default” means for the current situation, and then contrast that with other types of default. It will be worth 15 points on the final.
Yes, Argentistan has a great deal to lose as a result of its remaining in its current multiple default conditions. Even the Kirchnerist leaders and the senate peronists here are now saying that (see Scioli and Bossio pronouncements recently). If they can understand this, and so indicate in public, how long will it take you to do likewise?
@46 Think
Feb 10th, 2016 - 04:23 pm - Link - Report abuse 0”44) Kanuk Supermarionation Logics 101...:
Because Canadians earn, in average, 30% more than Italians...
en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita
... Canadians must pay, in average, 400% more for their Latte...?!?“
Gawd, Think.
I should not have to explain this to you.
In fact, you are just dissembling in order to play to your audience.
The whole 'coffee culture' discussion is purely a contrived distraction, anyway.
I won't even get into the relevance or accuracy of your source and your figures.
The income difference of 30% is not directly linked to prices.
The significance is that the extra income of Canadians and US Americans is reflected in the huge increase in Disposable Income of 350m people vs the relatively small amount the Italians have to spend.
”Dohhhh...,!!!”
The American coffee
48. I guess intimidation of courts or persons is valid and exected in the 3rd world when the gov't is run by thugs who don't respect the rule of law.
Feb 10th, 2016 - 04:45 pm - Link - Report abuse 0I've told you many times nobody gives a fig about Argentina.
Nobody is going to go out on a limb for it
TWIMC... and to all them Anglos that Think they look smart and successful stressing around their towns with a 7 US$ styrofoam bucket full of mediocre Latte in their hands...
Feb 10th, 2016 - 04:49 pm - Link - Report abuse 0Yet another example of decent coffee prices in Latineuropa...
(Paris, France 2015)
http://nounours.typepad.com/.a/6a00d83451575069e2019b02895f43970b-800wi
Yeah the Starbucks cup is considered a fashion accessory.
Feb 10th, 2016 - 05:03 pm - Link - Report abuse 0What a retard.
Yeah the Starbucks cup is considered a fashion accessory....
Feb 10th, 2016 - 05:22 pm - Link - Report abuse 0Year 2007...:
http://www.foxnews.com/story/2007/04/02/hollywoodrsquos-hottest-accessory-big-coffee-cup.html
Year 2011...:
http://www.foxnews.com/story/2007/04/02/hollywoodrsquos-hottest-accessory-big-coffee-cup.html
Year 2014...:
http://www.foxnews.com/story/2007/04/02/hollywoodrsquos-hottest-accessory-big-coffee-cup.html
What a bunch of retards...
54. You know those are satire and Starbucks placed pr articles right?
Feb 10th, 2016 - 05:27 pm - Link - Report abuse 0Bahahahahahaha
gasp
Bahahahahahhaha
You mean..... like all your turnipy posts in here at Macripress...?
Feb 10th, 2016 - 05:29 pm - Link - Report abuse 0I'm not getting paid by anyone to post here.
Feb 10th, 2016 - 05:47 pm - Link - Report abuse 0Although I should.
You might want to tell the Chubut Oil companies begging Macri for money there isn't any.
Just wait until the gov't starts paying market rate...
:)
@56 Think
Feb 10th, 2016 - 06:03 pm - Link - Report abuse 0“You mean..... like all your turnipy posts in here at Macripress”
LOL, Think and his puppets are not so much “pro-Argentina” as they are, “anti-Macri” and “pro- Socialist”.
One would “Think” you would be happy that Argentina is revising policies that will lead to increased foreign and domestic investment and financial and economic recovery.
Who pays “Think” ?
Now, back to the important stuff...
Feb 10th, 2016 - 06:16 pm - Link - Report abuse 0For the benefit of the Coffee illiterate Anglos in here...
... Here's how real coffee is enjoyed in the Civilized Word...
http://travel.allweb360.com/wp-content/uploads/sites/6/2015/06/Gambrinus.jpg
@57 “.....the Chubut Oil companies begging Macri for money ....”
Feb 10th, 2016 - 06:23 pm - Link - Report abuse 0It's even worse south of Chubut, in Sta Cruz. The money for Kirchnerist projects here ran out even before CFK left office. And it's Néstor's sister, a “social worker” who is the governor of this province. Now the massive corruption associated with the last 12 years of the Kirchners feeding suspicious money into this province is about to get some attention.
@51
Feb 10th, 2016 - 07:53 pm - Link - Report abuse 0Who said intimidation? Just political pressure in the form of statements by many countries... like I said it may not affect Singer but it will make him look bad, which is hard to imagine but always possible.
@49
I don't understand and don't have to understand, because you are lying. The fact that no one here can enumerate ONE DARN THING Argentina is “losing” on right now as a result of this situation is proof of that. Everyone saying ARG is losing, can't name one thing that is being lost.
The politicians are saying this now because they can't grab money from surplus commodities or taxes. So they have to find a way to finance their careers so that's why not they all may want to settle this situation (though that's not totally true either). For their own personal gains, not because Argentina the country needs to resolve this issue. Argentina can hold out forever and very little will be lost. It is not worth settling just to get 2 more kilometers of lousy subway, which is all you would see if international borrowing resumed.
No thank you. Better to stay away from that garbage called modern Crony Capitalism run out of that corrupt cesspool of London and New York. You can't even trust the borrowing rate which is rigged nor their banks which everyone knows are rotten to the core... why the f---- do we want to re-enter that?
@61 That's right, Argentistan is actually winning !
Feb 10th, 2016 - 09:36 pm - Link - Report abuse 0Since you [Kepi Troll] mentioned cronyism, Peronism is the hands-down winner in the region for.... cronyism. Let's hear it for Argentistan !
Thievery - the clear winner again ! Double the thievery rates for the entire region! Let us give Argentistan a big hand ! It's what makes Argentistan great!
Highest Cost for Financing Award - since Argentistan again won the Worst Place to Do Business garlands, and the Most Unreliable for Debt Repayment Ribbons (with Double Oak Leaf Cluster) -- it also emerges as the Country With The Highest Rates Paid for Conventional Financing. Yes - we have another winner!! Keeping economic progress in check through severe financing constraints is very important.
The coveted Multiple-Serial Default Awards - again we have a winner ! Most frequent and most massive for all of Letrine America ! Let's see some applause for Defaultina so that KepiTroll can really..... feel it.
And then we have the Mega Inflation Prize -- and it's..... Argentistan right behind Venezuela. Come on, argentos, you can gets those rates up well over 30 percent for this year. You can do it ! Another ARS devaluation observed today -- you're on your way !
Corruption.....The real prize! With more than 1000 judicial cases of corruption facing Kirchnerists, Argentistan is unlikely to lose any ground in the Pantheon of Most Corrupt Countries in this region.
Yes, Kepi-Troll, you're winning winning winning !
59. Doesn't Toby use “Anglos” too?
Feb 10th, 2016 - 09:56 pm - Link - Report abuse 0Hmmm
61. Political pressure is somehow different than intimidation? How so?
If you can't see what the default and piss poor gov't has done to Argentina in the last few years you clearly don't live there.
In the last decade steak has gone up 1600%
Yes 1600%
Psst that doesn't happen in the civilized world.
I don't think Argentina should borrow either. It is too corrupt. Money comes in and goes right into someone's pocket. Then you have the loan and a partially started hwy to nowhere. BUT Argentina has never been able to live within its means. If you don't take loans you'll soon be looking to Paraguay to see what new technology is out there.
Argentina should just accept its fate, live on its former glory and slowly fade to nothing...
oh wait
I guess you only need to accept it...
Captain Obvious is back... I have said the last part for the entire time I have been here. Argentina is finished, it is on the on the bottom half of the downward slope. But then again you can't read, so you would not know what others here write.
Feb 11th, 2016 - 03:28 am - Link - Report abuse 0The default has nothing to do with steak prices. BTW, many salaries are up 1300% so that's no big deal.
@62
You want BORROWING rates to go down? So that foreigners can pull the same crimes again? No thank you. As expected you still have not mentioned ONE THING that would improve immediately or not immediately if they paid the vultures off. Not one thing... because there isn't any. Borrowing rates... who the -f- cares?
As for corruption, nothing more corrupt than London and New York as has been proven time and time again the last 8-10 years.
64. Ahh Rg math and economic genious.
Feb 11th, 2016 - 12:18 pm - Link - Report abuse 0Certainly sounds like Think
Salaries are up 1300% yet food is up 1600% so we're fine.
Idiot.
Argentina was moved out of “frontier” status into...what after that “wild cat”
And you don't think default had anything to do with it?
Argentina assets are toxic
The country is toxic
The people are toxic
No investment = no jobs
Silly stupid Rg.
@64 Kepi Troll: “BTW, many salaries are up 1300% so that's no big deal. ”
Feb 11th, 2016 - 12:33 pm - Link - Report abuse 0No big deal.
Could someone explain to this poor fellow about inflation? The effects of 30-40 percent annual inflation ?
No big deal. We just print money with more zeros.
“Many” salaries. What about those who are not included in this “many” ?
A true argento understanding of economics.
Its my experience Argentinians don't understand inflation or percentages or simple math.
Feb 11th, 2016 - 12:59 pm - Link - Report abuse 0I was consistently teaching them why inflation was bad.
For some reason when an invoice went from 100 to 110 mom they somehow translated that back to U$ and said well its only X so that's not bad.
They're not a bright people.
That's why every decade the country's economy fails.
Over and over for 100 yrs.
I don't think it will ever change.
@67 “I don't think it will ever change.”
Feb 11th, 2016 - 03:57 pm - Link - Report abuse 0I have to disagree with you on that one.
The argento capacity for ever more innovative and spectacular failure knows no bounds.
One important lesson I've learned is it can always get worse.
Feb 11th, 2016 - 08:40 pm - Link - Report abuse 0@66
Feb 12th, 2016 - 10:49 am - Link - Report abuse 0Let me put it this way: given what you write on here, whatever policy you “advocate” for Argentina is to be followed in the exact counter-measure of it.
You still have to list “one” benefit of paying off the vultures.
70. Getting Argentina out of default should increase FDI. The country can not prosper without investment.
Feb 12th, 2016 - 01:51 pm - Link - Report abuse 0As the country's infrastructure collapses what little mfg you have will leave.
Just look to Venezuela.
Argentina was on the same path.
It gone off a bit, maybe
Maybe not
Time will tell.
@70 ' You still have to list “one” benefit of paying off the vultures.'
Feb 12th, 2016 - 03:54 pm - Link - Report abuse 0The peronist leadership in Argentistan is now advocating paying off the debt. Perhaps they can explain it to you.
Léalo y llore.
http://www.lanacion.com.ar/1869709-bossio-dejo-entrever-un-respaldo-al-gobierno-para-derogar-las-leyes-de-cerrojo-y-pago-soberano
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