MercoPress. South Atlantic News Agency
Judge Griesa pleased and gratified the Argentine 15-year litigation with bondholders is over
US Federal Judge Thomas said on Friday it gave him the greatest pleasure to be able to exercise his discretion and lift the injunction against Argentina which impeded the payment on defaulted debt. Read full article
Comments
Disclaimer & comment rulesMature politics has returned to Argentina and now they can resume sensible relations with the richer developed world. Great news for all of us. Congratulation President Macri for rapidly implementing such a positive strategic programme.
Apr 23rd, 2016 - 11:31 am - Link - Report abuse 0Shame on you Cristina Fernandez de Kirchner and the rest of your wretched cronies.
Tick tock.
Apr 23rd, 2016 - 11:36 am - Link - Report abuse 0Hopefully Gresia gets to to finish his book he is writing before he croaks.
Apr 23rd, 2016 - 12:27 pm - Link - Report abuse 0And to see Kristina in the pen for her crimes. I wonder what the total amount is from dragging this out 15 years to what they could have paid in the beginning.
3. 100s of Billions of lost revenue for the country.
Apr 23rd, 2016 - 12:30 pm - Link - Report abuse 0He sounds relieved because his incompetence was exposed to the world.
Apr 23rd, 2016 - 08:09 pm - Link - Report abuse 0?
Apr 23rd, 2016 - 08:42 pm - Link - Report abuse 0Singer is happy, Judge Griesa is happy, President Macri and Prat-Gay are basking in joy. Meanwhile, the Argentines who are not part of the chosen ones see prices going up, high unemployment returning with a vengeance, and the promised “joyful revolution” vanishing further every day. Macri tells them to hold on--happiness will come soon enough. Many are just beginning to see that something is very wrong. Not MP commentators who couldn't care less, like Macri or Griesa, about the lot of the Argentine middle or working classes.
Apr 24th, 2016 - 08:11 am - Link - Report abuse 0@7
Apr 24th, 2016 - 08:58 am - Link - Report abuse 0And how would you return Argentina to normality then Enrique? You can't give free education, free school meals, and handouts without any money in the coffers. You have to raise revenue to do all these things. Now over to you Enrique who is now going to tell us how the Argentine government can raise the necessary money to fund all the social programmes.
Let's face it, reekie, Argentina was a failed state under the Kirchners and it seems things are not going as swimmingly as you might like under the new government. Why not just concede that the real problem here is that Argentina is being run by Argentines?
Apr 24th, 2016 - 08:00 pm - Link - Report abuse 0Which reminds us of the tired old classic:
“ God is creating the different countries. He says to Gabriel, ”Here's a good one: lots of rich and productive land, beautiful high mountains, great beaches, verdant forests, mineral wealth, and a wide variety of climates and animals. What do you think?“ Gabriel replies, ”But that's too much to give to one place!“ ”It's ok,“ says God, ”I'll fill it with Argentines.”
“And God continued : And what about the long and narrow strip running side by side that blessed land....?” Gabriel answered : “It´s able to lodge all the envy and the impotence of mankind, my Lord”
Apr 25th, 2016 - 05:52 am - Link - Report abuse 0@10 There is one astonishing thing about Chile: how a country that still does not understand the fundamentals of indoor plumbing could reach a point where its per-capita income exceeded that of neighbouring Argenzuela.
Apr 25th, 2016 - 12:24 pm - Link - Report abuse 0#8 golfcronie
Apr 25th, 2016 - 03:35 pm - Link - Report abuse 0Foreign capital invested wisely to increase Argentina's productivity, competivity and sustainability could be a good thing and I'd be glad to be proven wrong if the Macri government.
Unfortunately, the current administration moves contain all the signs of a massive redistribution of income from the productive sector--the workers, the small and medium size business--to the benefit of a small unproductive, speculative sector who is not in the least identified with the country's progress but with their offshore accounts.
The most numerous and less fortunate, however, will be the ones left to pay when the party ends. You can't understand this without understanding the rapacious nature of the dominant class in Argentina; a class that despises its own country and reveres the power and riches of the central countries instead.
#9 Marti
Soooo funny!
Come on, Marti, try harder. Your brain should be able to generate some original thoughts. Sure you can do it!
Reeeeeeekie, communisn/perronism is a failed ideology.
Apr 25th, 2016 - 04:21 pm - Link - Report abuse 0Will you be the last to comprehend this?
The elitist class you describe seems to more closely resemble the Kswine but all rgs are thieves given the opportunity.
Kirchnerism: 15 years + 4 finance ministers = Default + increasing debt.
Apr 25th, 2016 - 04:59 pm - Link - Report abuse 0Macri: 3 months + 1 finance minister = No longer in default + debt reduced by 20%.
...and still the people who still support Peronism and the Ks wonder why we think they are idiots.
@14 The matter of default is only one of a very large set of factors that negatively affect Argentina's economic prospects. Argentina has still not given the least consideration to the elements that have emptied its coffers and kept it listed as the worst place in the Western Hemisphere to start a business. So basically Macri is hanging his hat exclusively on paying unnecessarily high interest rates on new loans to pay for old loans, while overseeing increased inflation and declining national revenues.
Apr 25th, 2016 - 06:58 pm - Link - Report abuse 0@12 Reekie, I deliberately indicated “ tired old classic” for the benefit of those who might not be familiar with the tired old classic. But it is an enduring and much quoted classic since it contains the seeds of perennial truths.
@12 Reekie - were you referring to the ill-gotten gains of the Kirchners' that were presumably moved to offshore locations? Or are those millions still mostly squirreled away in vaults within Argentina? You are still a cheerleader for the KK are you not? Or have you come to accept that no matter who governs, the result is incompetence?
http://www.bbc.com/mundo/noticias/2016/04/160413_argentina_cristina_fernandez_juicio_corrupcion_ms
http://www.bbc.com/mundo/noticias/2016/04/160413_argentina_cristina_fernandez_juicio_corrupcion_ms
@15 “@14 The matter of default is only one of a very large set of factors that negatively affect Argentina's economic prospects.”
Apr 25th, 2016 - 09:51 pm - Link - Report abuse 0True, but it is a critical start.
“ Argentina has still not given the least consideration to the elements that have emptied its coffers and kept it listed as the worst place in the Western Hemisphere to start a business. ”
i.e. Corruption. Macri has made a start on that, but it will be a slow process to deal with current and past offenders and put checks in place that make corruption more difficult.
“So basically Macri is hanging his hat exclusively on paying unnecessarily high interest rates on new loans to pay for old loans, ”
Given the state of what was left him, he had no alternative. The fact is, he's stopped the process getting any worse and reduced the debt by 20%. He's paying for the serial errors of his predecessors. The ship was sinking and while the previous administration was blaming the water, the weather, gravity and refusing to start plugging holes, he has quickly plugged all the holes, pumped out 20% of the water so maybe the ship won't sink now?
“while overseeing increased inflation ”
Actually, his predecessors oversaw increased inflation, but under-reported it. If he's now reporting the, it does not necessarily mean that inflation has increased in the last 4 months.
“...and declining national revenues.”
...which was due to the dollar clamp and export tariffs from the previous administration that made it extremely difficult to export, so the farmers held on to their produce instead. Macri has now removed those obstacles to trade and the farmers can now sell again so revenue is increasing.
He's doing (mostly) the right things while KFC did EVERYTHING wrong and cost Argentina a lot. So, I think Macri is hanging his hat on a number of common sense approaches that will help to reverse 15 years of idiocy. There will be some inevitable short term pain for some gnoccis as unsustainable subsidies are removed though. ;-)
If fate was exclusively provident Macaroni could make each and every decision an optimal one.
Apr 25th, 2016 - 10:02 pm - Link - Report abuse 0Due to highly flawed nature of the rg populous even the best leadership would be disregarded out of hand.
I wonder why Reekie doesn't talk about the 38 Estancias Kirchner's former chauffeur has now.
Apr 26th, 2016 - 08:54 pm - Link - Report abuse 0Any other country these criminals would be in jail.
It is shameful that Reekie can't speak to this corruption.
Simply shameful.
@18 “Any other country these criminals would be in jail.”
Apr 26th, 2016 - 09:09 pm - Link - Report abuse 0Báez is in jail.
http://www.lanacion.com.ar/1892981-realizan-allanamientos-en-la-empresa-constructora-y-el-deposito-de-autos-de-lazaro-baez
http://www.lanacion.com.ar/1892981-realizan-allanamientos-en-la-empresa-constructora-y-el-deposito-de-autos-de-lazaro-baez
http://www.lanacion.com.ar/1892981-realizan-allanamientos-en-la-empresa-constructora-y-el-deposito-de-autos-de-lazaro-baez
Yeah but it took a new Prez.
Apr 27th, 2016 - 09:28 am - Link - Report abuse 0More to come.
I can't wait until they haul CFK out of bed at night without her wig and make up.
glorious
You can just start to see the realization among the internationalists.
Apr 27th, 2016 - 06:02 pm - Link - Report abuse 0Add up the anti-establishment/anti-oligarch types (Cruz/Trump/Sanders supporters) and the self identifying liberatarians and for the first time since the fifties America faces the prospect of a majority of its voters favoring not only disengagement but actual isolationism.
There are some opportunities for some strange bedfellows come November.
Bush obviously has a legacy but obammy and hillary truly own the failures in their recent adventurism.
It'll be fun watching hillary's head spinning around and listening to her shrill historonics as see tries to court the center by regaling them with her foreign policy successes.
There is a great sense that something is wrong in the USA and that drastic change is needed.
Apr 27th, 2016 - 08:08 pm - Link - Report abuse 0HRC doesn't answer that need.
cough cough cough
She has no emotions so she screeches. I have to turn the channel when she's on. It's painful to listen to her.
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