MercoPress. South Atlantic News Agency
Argentina announces it will “re profile” IMF loan and sovereign bonds' maturities
Argentina will negotiate with holders of its sovereign bonds and the International Monetary Fund to extend the maturities of its debt obligations, as a way of ensuring the country's ability to pay, Treasury Minister Hernan Lacunza said on Wednesday. Read full article
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Disclaimer & comment rulesThis is terrible. Sr. Lacunza and El Presidente Macri have betrayed Argentina and Argentine traditions. Don't they know when you are about to default on your debt and urgently need help to reschedule it, then it is traditional in Argentina to blame the people who lent you money and insult the people whose help you need to refloat your economy.
Aug 30th, 2019 - 12:26 am - Link - Report abuse +2Why are we not hearing about the Vulture bondholders and the Evil IMF. When will the Argentine Tele novella return to normal programming and embrace the traditional values of blaming everyone else and demonising anyone who doesn't immediately rollover and give you what you want.
200 years of tradition abandoned in a heartbeat. Traitors!!!
218½ years!
Aug 30th, 2019 - 05:50 pm - Link - Report abuse +1Shocking! Disgusting! Traición!
@Rico
Aug 30th, 2019 - 09:41 pm - Link - Report abuse -1“...it is traditional in Argentina to blame the people who lent you money.”
Dear RICO:
Prey say who is this nasty “Argentina?” who blames “the people who lent you money...whose help you need to refloat your economy.”
Also, could you spare a thought for those much-vilified IMF and vulture bondholders -- I mean, how can these heartless people blame those “who lent you money and insult the people whose help you need to refloat your economy.”
No doubt, the IMF made a supreme effort and lent an all-time record amount of money -- as requested by the Macri government. While I do note the IMF's generosity, I cannot help but notice that most of the $50-billion dollar loan seems to have vanished without a trace -- hey, this is the work of those ungrateful Argentines, who spent the money on frivolities and now claim not be able to pay back. They are now biting the hand that fed them!
As for the vultures, I hear they are just now trying to help the Argentines by buying the much-devalued bonds -- papers almost worthless today but, who knows in the future? I wonder what countries like Argentina would do without the vultures. I mean, in 2016 they made a kill thanks to Macri's willingness to acknowledge their civic vocation and paid them more cash than they had asked for.
Macri is the only president who hasn't blamed the vultures or the IMF for Argentina's misadventures. Long life to the president!
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