Skip to comments.Argentina Defaults
Posted on 07/30/2014 3:24:33 PM PDT by jimbo123
Argentina has defaulted again.
Argentine Finance Minister Axel Kicillof is now addressing the world from Argentina's consulate in New York City.
He has delivered the news that Argentina is in default, having failed to satisfy the demands of a group of hedge fund creditors negotiating over $1.3 billion worth of debt owed to them for over a decade.
"The Argentine Republic has filed for a stay [on payment] with Judge Griesa... The Judge decided that if the vulture funds said there could be a stay there would be a stay," said Kicillof. "The vulture funds were not willing to grant the stay."
Without the stay and without payment, Argentina is in default.
(Excerpt) Read more at finance.yahoo.com ...
Time to invade the Falklands.
Save that headline. You’ll be able to use it again in a few years. It’s as reliable and predictable as the tides.
What do they have these days to invade the Falklands? If the Argies call it that other name, the wun will at best do nothing or at worst give real aid and assistance to slap the Brits in the face.
Venezuela also cannot pay it’s debt
Sell some beef.
“vulture funds?” Well, Argentina if you paid your bills maybe the “vultures” wouldn’t be circling your deadbeat a$$.
Buenos Ares better leave the lights on. The country might be repo’ed overnight.
Not to worry. Argentina can simply get the IMF (aka The United States of America) to guarantee then a whole new round of debt that they can default on again in the future.
Marxists NEVER learn.
I knew that going happen
And the money kept rolling out....
Argentina needs its own Augusto Pinochet. Socialists can not be adequately be dealt with by democratic means.
It’s time for the IMF to loan them the money to bail out the creditors and then submit to austerity again
He wasn’t worth much when it counted.
Peron ruined Argentina. They should have been an economic powerhouse.
Happened again? What a shock.
>> “Venezuela also cannot pay its debt” <<
But they have oil to foreclose on.
“Venezuela also cannot pay its debt”
And you know what? We can’t either...
so nationalizing the oil fields, take over of pension funds and utilities didn’t work out so well for them? whoda thunk?
Oh, so communism isn’t self-sustaining, Komrades 0 and Christina?
People who loan money and expect it to be paid back.
Don't forget to add that one to your urban dictionary.
Never have truer words been written.
Once the IMF and bankster’s b*tch, always the IMF and bankster’s b*itch.
“Save that headline. Youll be able to use it again in a few years. Its as reliable and predictable as the tides.”
Why was this removed from Breaking News? If this isn’t Breaking News, then what is?
Where’s Bono now to wave his hand and forgive debt?
Argentina, if you’re bothered by what you’re so cleverly, and officially, calling vulture funds, fear not. Just prepare for the replacement: no funds.
Probably in Holland going over his tax-free accounts with his banker.
These two grinning idiots are a testimony to incompetent, disconnected, and gibsmedat voters.
That, in addition to vote fraud and vote buying.
It astonishes me that such incompetent, blinkered jackasses lead major western countries.
That sounds like it would be Obama's advice. It's all just pretty pieces of paper.
The other problem was Bignone, who was stupid enough to get into a spat with the UK over the Falkland Islands and weaken the country over the resulting war. Bignone compromised with the socialists/unions too much in the aftermath of the war, letting the odious Alfonsin take control of the country. Argentina's been run by socialism ever since 1983.
It's very important for conservatives to read up on the history of Chile, Argentina, and several other Latin American countries dealing with socialism. If Admiral Barackbar or the Hildebeast give up their subtlety and push even harder for tyranny, we would do well to learn of their successes and failures.
Fixed it for ya.
omg they have some of the best too. They’re all socialist fools unfortunately!
The people of Argentina never learn...
I love going to visit the South of Argentina. BA is sketchy and I avoid at all costs. Next door in Chile things are going quite well.
One country embraced capitalism and private enterprise. The other embraced socialism and strong command and control government. Guess which country did which.
Chile has a deal with China to mine large areas.....and several SA countries are following suite...it pays to watch their deals with China, as they move closer and closer to them economically. That communism is going to be a factor in a couple of years for Chile, Ecuador, and other SA countries. Socialism is already the government in Uraguay.
China needs those natural resources but once their tenacles are in a country it will be impossible to remove them.
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