MercoPress. South Atlantic News Agency
EU support: Argentina sells 30-year Euro bond, first time in history
Argentina finalized its foreign bond sale plan for 2017 on Thursday, selling 2.75 billion Euros in three bonds in an offering that was more than four times oversubscribed, the Finance Ministry said in a statement. Read full article
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Disclaimer & comment rulesWho in their right mind would touch these with a barge pole? Given the risk of:-
Nov 03rd, 2017 - 10:18 am - Link - Report abuse +21) A default by Argentina within 30 years and
2) The collapse of the Euro due to the PIGS economies in the next 30 years.
I hope Argentina does well into the future, but they will have to change the culture. The lying, cheating and skullduggery. For a start they could release the documents in their archives that state that only the illegals were removed from the FALKLANDS and who actually stayed on to form what is actually called THE FALKLAND ISLANDS. If the Argie population saw the documents it may make a difference.
Nov 03rd, 2017 - 12:13 pm - Link - Report abuse +2@golfcronie
Nov 03rd, 2017 - 01:09 pm - Link - Report abuse 0Doesn't mater these dosc, according to them, when they became independent from Spain the Spaniards were there, that is why they insist with sovereignty, but the other point of the medal is that as you have taken care of that piece of land, not even a single Argentine would, it is always better to have an English neighbor than a Mapuche!
Will be better if FIG extends his government in all Argentina ...It would be the number one country in the world
Whoever bought these instruments can say goodbye to their money! Don't people learn?
Nov 04th, 2017 - 09:49 am - Link - Report abuse 0@Johnny “Will be better if FIG extends his government in all Argentina ...It would be the number one country in the world”
Nov 04th, 2017 - 02:50 pm - Link - Report abuse +1- In related matters, we see in the news that Argentina is getting help from Finland for the former's failed education system:
In the news:
“La educación finlandesa llega a la Argentina: qué dice el acuerdo firmado. El ministro de educación, Alejandro Finocchiaro, firmó un memorándum de entendimiento con su par finlandesa con énfasis en innovación y formación docente.”
The effort is unfortunately bound for Argentine rejection and failure, since the education ministry representative noted that “humility” would be needed for Argentina to lower itself to observing how successful education systems were conducted in other countries:
“Tenemos que tener la humildad de observar las buenas prácticas de otros países, no para copiarlas literalmente, sino para ver si algunas de ellas pueden adaptarse a nuestra realidad concreta”
Stoker,
Nov 04th, 2017 - 08:17 pm - Link - Report abuse 0You should crunch these numbers about Spain and Italy.
https://en.wikipedia.org/wiki/List_of_sovereign_states_in_Europe_by_GDP_(nominal)
Commentators above do not understand how foreign debt works.
Nov 04th, 2017 - 11:05 pm - Link - Report abuse 0The goal is not to get the money back, but keep those juicy interests coming while the principal remains in the good side of the books.
After taking the country with manageable debits, Macri is quickly sinking Argentina back into the abyss of unpayable debt - not that he cares - as a Panama Papers guy he, his dad and friends will be fine rain or shine.
Raubtier
Nov 05th, 2017 - 09:46 am - Link - Report abuse 0Debt to GDP data would be more useful. The North/South fault line is unbridgeable by the Euro currency over the long term. Within 30 years the Euro will collapse. The biggest current threat is debt levels in Italy.
https://www.marketwatch.com/story/why-italy-faces-worst-shock-in-europe-as-ecb-prepares-to-taper-bond-buys-2017-10-24
Reekie is still pretending that CFK left the country with only a small foreign debt. That is something of an improvement since he earlier claimed that CFK left with no foreign debt at all.
Nov 05th, 2017 - 01:06 pm - Link - Report abuse +1CFK actually increased the public debt enormously. When she took office it was at about US$126.5 billion. When she left that debt had grown to about US$250 billion. Some of that resulted from CFK theft attempts like the expropriation of Repsol and increased interest due to failure to deal with defaulted debt. Numbers from Argentine government ministry of economy/AFP. News note “La crisis financiera argentina deja lecciones a Latinoamérica”
Yeah, I know, we're talking about Argentina here. Default is only as far away as the next regime, if that far. But I can't help admiring what they have done so far to reestablish the country's name in international circles. It would be nice to get the Falkland Islands issue out of the way once and for all but Macri is not in a position to do that so all he can do is try to keep it on the back burner, out of the headlines. All being well, Argentines will concentrate on improving their standard of living and the Falklands will be sidelined as an issue. I know I am an optimist, but Argentina wasn't such a bad place fifty years ago and it would be nice to see them make some progress in overcoming the ingrained corruption and self interest that is part of Argentine DNA.
Nov 06th, 2017 - 12:14 am - Link - Report abuse 0golfcronie are you serious?. you make it sound like if it was the isle of Wight that argentina was settled in in 1833. Since 1774 there was only spanish and later argentines that governed the islands. No british prescence nor claim nor protest until 1829, 55 years after the british abandon their brief and illegal settlement in Port Egmont. So illegal? i dont think so.
Nov 06th, 2017 - 12:23 am - Link - Report abuse 0@MT
Nov 06th, 2017 - 02:53 am - Link - Report abuse 0Good. Now, could I have a comment about the foreign debt that MM has taken in less than two years?
Remind us Liberato, when did Argentina become Argentina, because I thought it was United Provinces of Buenos Aires. YOU NEVER SETTLED IN THE FALKLANDS, it was a penal colony
Nov 06th, 2017 - 10:37 am - Link - Report abuse 0golfcronie: there is not such thing as the United Provinces of Buenos Aires. If you meant the United Provinces of the River Plate, we still are.literally and legally.
Nov 06th, 2017 - 11:52 am - Link - Report abuse 0Yes we did settled, but you british tend to forget the whole era from 1774 to 1833.
Prove it Liberato, all that Argentina needs to do is take these 3 newly discovered 250 year old papers and ALL other evidence and present it to the ICJ in the Hague, and yes I meant United Provinces of the River Plate thanks for correcting me.Meanwhile the FALKLANDERS will still maintain a BOT status.In fact they are thinking of setting up a Tax Haven just like most of the BOT countries.
Nov 07th, 2017 - 10:30 am - Link - Report abuse 0Commenting for this story is now closed.
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