MercoPress. South Atlantic News Agency
Argentine president puts a deadline to renegotiates public debt: March 31
President Alberto Fernandez said he has set a March 31 deadline to renegotiate Argentina’s rampant public debt and that a more “innovative” International Monetary Fund approves of the direction his government is taking. Read full article
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Disclaimer & comment rulesThe typical Peronist “story” (populist and authoritarian) that can already be guessed: if the IMF accepts the current plan of more fiscal spending with asphyxiating tax increment, Alberto Fernandez will become a “hero” for having “folded the hand of imperialism ”. If the IMF rejects it, and Argentina falls into “default”, Alberto Fernandez will be a “hero” for having “defended the country's interests against imperialism.”
Jan 13th, 2020 - 01:43 pm - Link - Report abuse 0That is, basically, Alberto Fernandez has fate of “national hero” for the “Peronist imaginary” ...
Interesting how know-it-all characters such as pgerman are now resurfacing, after four years of saying nothing while the Macri administration was sinking Argentina's economy while borrowing abroad like drunken sailors.
Jan 14th, 2020 - 01:27 pm - Link - Report abuse -1From day 1, Alberto Fernandez has taken measures diametrically opposed to that of the Macri administration, which has blown a breeze of hope throughout the country.
As he had promised in campaign, Fernandez has put in place a six-month emergency with measures designed to help the most vulnerable: lower-income retirees, the jobless, the hungry and those earning the lowest incomes. He has also put a freeze on public services such as electricity and gas as one of his measures to stem inflation.
Fernandez has also began to increase taxes and other contributions to those who earn most money and who benefited most during the past administration.
He will now be seeking reasonable conditions to pay back the foreign debt, and for starters has rejected the IMF's last 11-billion US dollars portion of the loan negotiated by the Macri administration.
Instead of throwing bitter judgments, perhaps pgerman has a better solution for Argentina at this point.
Oh, I know. He would applaud lowering taxes and contributions to those who earn more so that they can get rich and throw some crumbs to the hungry.
To compensate for the lost income, do more borrowing.
Tried. Failed.
Enrique, after the shame you should feel for the mistake you made in the article about the default of the Province of Buenos Aires I have to correct you again:
Jan 14th, 2020 - 02:31 pm - Link - Report abuse 0The IMF suspended the agreement (and the last two transfers for a total of U$D 11,000 million) after the triumph of Alberto Fernandez in the PASO and his public accusation that “the IMF is to blame for what happens to us.”
With the economic chaos that has unleashed (in less thn a month) I see it difficult for the IMF to release the last part of the agreement.
You clearly do not understand anything about debts, bonds and what, is sadder, you understand nothing about the credit and honor of a country.
In other words, a “chantapufi.”
Jan 16th, 2020 - 12:53 am - Link - Report abuse 0https://oi1290.photobucket.com/albums/b521/imoyaro/chantapufi_zpsx84s2eck.jpg
Says pgerman:
Jan 17th, 2020 - 04:32 am - Link - Report abuse 0”The IMF suspended the (loan) agreement (and the last two transfers for a total of U$D 11,000 million) after the triumph of Alberto Fernandez...”
German wants to make readers believe the IMF is closing its doors on new Argentine president Alberto Fernandez.
However, he is wrong -- which would be okay because mistakes happen. However, on top of being wrong he is an arrogant know-it-all.
Either his sources are real bad or he is taking MP readers for a bunch of idiots.
The IMF did suspend an agreed delivery of US $ 5.4 billion to Argentina last September, when Macri was still president, under Alberto Fernandez' request. Fernandez said later that he would not seek to get the US $ 11 billion last part of the loan, and is now talking with the IMF about debt repayment conditions.
MP on Nov. 27 published a story where Fernandez is quoted as saying just that.
https://en.mercopress.com/2019/11/27/alberto-fernandez-renounces-to-imf-loan-i-want-to-stop-asking-for-money
And also:
https://en.mercopress.com/2019/11/27/alberto-fernandez-renounces-to-imf-loan-i-want-to-stop-asking-for-money
So get off your high horse, German. You have a right to your opinion -- not to your own facts.
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