MercoPress. South Atlantic News Agency
Argentina expected to make official the extension of debt offer deadline
Argentina is preparing to extend the deadline to its debt offer to May 22. The government will publish an extension to its debt offer in the official Gazette this Monday, part of President Alberto Fernandez’s next steps in its debt restructuring after extending a deadline over the weekend for creditors to accept an initial offer to exchange $65 billion in overseas bonds. Read full article
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Disclaimer & comment rulesThat's just a lot of words.... Argentina has no plans to pay...... one more time with feeling.....
May 11th, 2020 - 09:13 am - Link - Report abuse 0tallison46
May 11th, 2020 - 04:26 pm - Link - Report abuse +1Your assessment is correct, but now as a gift from Heaven...
...the Argentines have the ideal excuse for delay, debt restructuring, debt forgiveness and multi-national wealth redistribution...
It's unimaginable to grasp the bizarre concept, but the United Nations are pushing hard for a “wealth distribution” scenario...
If Argentina gets away with this (which it looks like they will), prudent debt paying and financially sound countries (like Chile) — look like schmucks...
What's a few more days? They're already in default and they plan to stay that way.
May 11th, 2020 - 11:39 pm - Link - Report abuse +1It turns out that there are more than 170 words in the Argentine language that mean “theft” and apparently “default” is one of them.
Chicureo
May 14th, 2020 - 02:52 pm - Link - Report abuse 0“It's unimaginable to grasp the bizarre concept, but the United Nations are pushing hard for a “wealth distribution” scenario.”
Hear, hear. Chilean citizen Chicureo finds it “unimaginable” a “wealth distribution” scenario.
We have to conclude that Chicureo favours wealth concentration. In a few hands, please -- including Chicureo's.
Which is so positive. Really, Chicureo's sincerity is actually worth praising.
For those of us who have been blaming social and economic inequality as the main cause of Latin America's stagnant economies, Chicureo is proof that the greed and backwardness of our wealthy class is a major obstacle to real progress.
Chicureo ignores and rejects what the world's most balanced countries have long learned: that the concept of community and wealth distribution is the only one ensuring quality of life to all -- as opposed to Darwinist schemes where only the strongest, the astute -- or those with big inheritances -- thrive.
What's more: Chicureo hails from a country where all the free-market, privatization myths promoted by the Chicago Boys and everybody else coming after were recently demolished by an unprecedented social revolt that was only subdued with cruel repression that included blasting the eyes of demonstrators and later by the current pandemic.
Keep talking, Chicureo.
Reeky's argentine notion of “wealth distribution” is one of simply stealing money borrowed from the retirement funds of people around the world.
May 14th, 2020 - 03:05 pm - Link - Report abuse 0No wonder per capita income in Chile is so much higher than in Argentina, which right now is dealing with about 40 percent poverty rate. So.... how's that argentine “wealth redistribution” working for ya, Reeky?
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