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Argentina/IMF discussions continue this Wednesday; strong support from Trump

Wednesday, September 5th 2018 - 07:30 UTC
Full article 5 comments

Argentina “made progress” on Tuesday in talks with the International Monetary Fund aimed at securing an accelerated disbursement of a US$50 billion loan it hopes will calm its debilitating economic crisis. Read full article


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  • Jonaz_BsAs

    This will end in tears. FMI will pony up the money which will subsequently disappear in the black hole known as the Argentine bureaucracy and Argentina will be 50 bn$ further into a fiscal hole they can't escape.

    Unless Macri fires 100.000 public servants A MONTH and terminates pretty much every infrastructure project in progress, this simply can't end well. None of which he will do, btw.

    Argentina will cook the books, blame everybody else and their grandmother and make biblical scenes but they will not, I repeat NOT, balance their books. They're Argentines, after all.

    Sep 05th, 2018 - 08:33 am - Link - Report abuse +2
  • Enrique Massot

    How funny. Now that the Macri government is close to a disgraceful end, here comes an improvised master of distraction.

    “This will end in tears,” informs us sagacious Jonaz.

    Who's to blame? Why, public servants of course! Let's fire all firefighters, hospital doctors and nurses, garbage collectors, police officers and let's stop all infrastructure projects. Wow. Who would've thought? The solution was there all the time and we didn't see it! Thanks Jonaz!

    But wait. Jonaz is not done yet.

    “Argentina will not...balance their books. They're Argentines, after all,” he admonishes.

    And to say I thought the person at the helm during the last two years and nine months may have something to do with Argentina's impending economic catastrophe!

    But no. It's not Macri. It's “the Argentines.”

    Perhaps some 51 per cent of them should share some blame.

    The ones who voted for Macri.

    Sep 05th, 2018 - 07:53 pm - Link - Report abuse -2
  • Tarquin Fin


    It's not the Argentines, It's the Argentine politicians.

    Jonaz said to fire 100000 public servants. I don't think he meant to fire teachers, nurses, doctors and firefighters. I think he meant the “ñoquis”.

    That thought of his was totally sensible.

    Sep 06th, 2018 - 04:04 pm - Link - Report abuse +1
  • Jonaz_BsAs

    Oh, cry me politically correct a river.

    Argentina must fire 1.000.000 ñoquis to prevent a complete financial meltdown. Furthermore, public infrastructure programs such as Plan Belgrano must be put on hold until this situation has become better. The alternative is a 2001 catastrophe - but I guess someone would prefer such a scenario?

    As a compromise, the ñoquis can stay at home with 50% pay. They do nothing of any value anyway, rather to the contrary, they perform anti-work.

    And yes, there's something profoundly wrong with Argentine culture that generates these crises every 10-20 years. Just try to cross the street in Buenos Aires and you'll know what I'm talking about. Discipline = 0.

    Sep 06th, 2018 - 08:51 pm - Link - Report abuse 0
  • Enrique Massot


    ”Argentina must fire (one million) ñoquis...”

    Who woulda thunk!

    I thought president Mauricio Macri had promised to get rid of the ñoquis! (I heard he fired many and then hired others, only on higher up, better paid positions).

    Anyway. For your information, my dear Jonaz, last year Argentina had a total 770,851 public servants. (La Nacion, Jan. 13, 2017).

    Therefore, you will need to hire 229,149 new public servants so that Argentina can accomplish the feat of firing a million public servants.

    “...there's something profoundly wrong with Argentine culture that generates these crises every 10-20 years.”

    Wrong statement again. It's not something that ambiguous as “Argentine culture” that originates crisis every 10-20 years.

    Jonaz, you conveniently forgot that Argentina has been governed by a neoliberal government that has been able to apply its own programs with the help of a Peronist sector in the Legislative that has voted all the laws that Macri presented.

    It is this government, which has borrowed money while de-financing the state, who bears the entire responsibility for the current crisis. Macri and his gang of highway robbers have also made a lot of money for themselves, families and associates in the process.

    “Discipline = 0,” notes our Jonaz.

    Of course, Jonaz is mad that Argentines protest.

    He would rather have them suffering in silence.

    Not a chance, Jonaz.

    Sep 08th, 2018 - 12:41 am - Link - Report abuse 0

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