MercoPress. South Atlantic News Agency
Argentine bonds: US Appeals court puts on hold Judge Griesa's lifting of injunctions
United States appeals court put on hold a United States District Judge Thomas Griesa ruling lifting injunctions that have restricted Argentina from paying off some debts in light of the country’s US$6.5 billion offer to settle litigation over bonds in default since 2002. Read full article
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Disclaimer & comment rulesAll of which appears to point to the folly of Prat-Gay in rushing a half-baked solution to the Argentine congress and trying hand-wave his way through before tidying things up with the remaining holdouts. Wasn't the toxic detritus of “remaining holdouts” what got them into the last default? That whole rush effort and the appearance of assembling cooperative majorities in both houses now seems at the point of unraveling. Getting the money before 14 April is seeming less likely. Already talk here of the next default.
Mar 13th, 2016 - 10:53 pm - Link - Report abuse 0This sounds familiar. Now when was it that I outlined this approximate scenario? February?
Mar 14th, 2016 - 12:14 am - Link - Report abuse 0@2 Your observations were in good company. Even the government is forecasting deficits for the next several years.
Mar 14th, 2016 - 01:30 am - Link - Report abuse 0Seems Argentina just keeps advancing on this matter. At this rate the matter will be sorted this year. And past history when the next election comes around.
Mar 14th, 2016 - 05:06 am - Link - Report abuse 0Canny political operator that Macri.
All those Argentina-haters can now rejoice. Macri has agreed to pay Singer everything and then some. All in the name of “returning to the world markets.”
Mar 14th, 2016 - 06:45 am - Link - Report abuse 0In reality, this is the new chapter of Argentina's new cycle of indebtedness, which is gonna end the same as the previous ones: with a few lining their pockets and the majority going down to poverty and unemployment.
“gonna” - what does this mean? In which dictionary will I find a translation of this strange word?
Mar 14th, 2016 - 07:40 am - Link - Report abuse 0@5
Mar 14th, 2016 - 08:55 am - Link - Report abuse 0“All those Argentina-haters can now rejoice.”
If Argentina left the Falkland Islanders alone I might feel some genuine pity. But Argentina can't be a hateful bully and demand sympathy at the same time.
@5 “ ....with a few lining their pockets ....”
Mar 14th, 2016 - 01:10 pm - Link - Report abuse 0-- The Kirchner mafia set a pretty high standard for that sort of thing
http://www.clarin.com/politica/Kirchnerismo-Cristina_Kirchner-patrimonio-millones-gabinete-funcionarios_K-bienes-Nestor_Kirchner-Juan_Manzur-Ricardo_Echegaray_0_1476452927.html
@5 “ Macri has agreed to pay Singer everything and then some.”
- - Patently false, as usual.
@5 “ All those Argentina-haters can now rejoice.”
-- Hatred is like respect. You have to earn it.
@4 Pollyannaish drivel.
Mar 14th, 2016 - 04:01 pm - Link - Report abuse 0#7 Redrow
Mar 15th, 2016 - 04:01 am - Link - Report abuse 0“If Argentina left the Falkland Islanders alone...”
Dream on.
Exactly Enrique, so you can cry all you like about Argentina having to pay its debts. No-one else cares.
Mar 15th, 2016 - 07:29 am - Link - Report abuse 0@Redrow
Mar 15th, 2016 - 05:14 pm - Link - Report abuse 0Touche.
#11 Redrow
Mar 15th, 2016 - 06:48 pm - Link - Report abuse 0Oh no that's so sad!
I will give Macri a call and tell him to relinquish Argentina's claim on Islas Malvinas, so that Redrow and all his friends and relatives will actually care about Argentina.
And we'll be finally saved.
@13 Enrique
Mar 15th, 2016 - 06:56 pm - Link - Report abuse 0You seem to have difficulty understanding the concepts of hypocrisy, right & wrong, and other people's property and rights.
By the way, the Cree Nation want your house and property back.
so do the Sioux, Apache, Pawnee etc.
Mar 16th, 2016 - 10:55 am - Link - Report abuse 0What is now Argentine patagonia will be returned to the Tehuelches and Mapuche people within 25 years.
Mar 16th, 2016 - 12:40 pm - Link - Report abuse 0Well. President Macri is one step closer to give the vultures what they wanted, all in the name of “rejoining the world.”
Mar 16th, 2016 - 08:21 pm - Link - Report abuse 0We've seen this movie being played before, and we already know the way it ends; with the country on its knees and begging for help from the IMF.
A troubling scenario indeed.
Quique you're the kind of Hispanic that most of the world loaths. The kind who do not take responsibility for their own actions, deadbeats.
Mar 16th, 2016 - 08:28 pm - Link - Report abuse 0When is a contract no a contract.......when a South American latin takes the money and runs. That's no different than hitting an old lady in the face and stealing her pocketbook. At any rate, your human waste as you speak in Canada while bitching and moaning about Macri. I;d call you a wetback but Mexicans have better values than you and your find.
@17 reeky hasn't heard that they're also getting ready to round up the kirchneristas and herd them off in cattle cars to camps in Neuquen where work will set them frei and they will have to buy their own choripan.
Mar 16th, 2016 - 09:31 pm - Link - Report abuse 0Does reeky understand why “We've seen this movie being played before” ?
It's because in the past, it was Peronists who were picking the movies.
While they lined their pockets.
In the voting in the lower house in Argentina today, kirchnerism looked like a hollow shell, a bunch of drunken boy-scouts. Máximo played the complete fool. The vote to approve the three measures to allow the payment of the debt was about two to one against the KK, in favour of the measures. Of course, the latest Griesa decision to deny pari passu protection to several thousand remaining holdouts probably helped.
@17 Enrique
Mar 16th, 2016 - 10:38 pm - Link - Report abuse 0“We've seen this movie being played before, and we already know the way it ends; with the country on its knees and begging for help from the IMF.
A troubling scenario indeed.”
Trying to pay off your debts to existing creditors, forging trade deals, dialog, negotiation, and selling investment bonds, is a far cry from “begging from the IMF”.
Contrast Macri to CFK and Kiciloff - thumbing their noses at existing creditors because they think Venezuela will back Arg. with Oil $$ (oops!) and begging the Chinese for money.
“A troubling scenario, indeed.”
I see that the central bank is paying the equivalent of 38 percent annual interest on local t-bills in Argentine pesos. What does that tell you about the solid nature of the ARS?
Mar 17th, 2016 - 12:16 am - Link - Report abuse 0@17 Enrique
Mar 17th, 2016 - 07:27 pm - Link - Report abuse 0From Canada, blindly defending the K's and the previous government - Enrique is out of touch with the thoughts of the people who live there, and constantly discounts Clarin and media reports he does not agree with.
April 30th, 2014,
A reply to Enrique's comments on his own Facebook page where he says the Arg. media is jumping to conclusions to lay blame for train crash in BA in 2014:
Susana Helbling wrote;
“Enrique aqui en la Argentina todo funciona mal. El paIs esta descontrolado. La presidenta es unay no sabe lo que hace!!!!!”
translated,
“Enrique here in Argentina everything goes wrong. The country is wild. The president is sectarianism, you do not know what she is doing!!!!!”
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