Having attacked the Falkland Isles (Las Malvinas) and been effortlessly defeated by the Royal Marines, Argentina continues compulsively in its self-destruction. Argentina declared sovereign bankrupcy a couple of years ago and paid 30 cents for each dollar of debt. The Holders of about 20 billion dollars did not accept the arrangement and are demanding full repayment. Barclays is one of the banks advising the Argentine Central Bank how to solve this problem. Now, populist movement is building up against the negotiations, because Barclay is an English Bank and English firms are searching for oil in the Falklands, with Barclay being involved in its financing. Argentine nationalist want to boycott British banks that want to help them to manage their finances. Conclusion: Only fools invest in Argentina.
Saturday, February 13, 2010
Las Malvinas Son Argentinas
Having attacked the Falkland Isles (Las Malvinas) and been effortlessly defeated by the Royal Marines, Argentina continues compulsively in its self-destruction. Argentina declared sovereign bankrupcy a couple of years ago and paid 30 cents for each dollar of debt. The Holders of about 20 billion dollars did not accept the arrangement and are demanding full repayment. Barclays is one of the banks advising the Argentine Central Bank how to solve this problem. Now, populist movement is building up against the negotiations, because Barclay is an English Bank and English firms are searching for oil in the Falklands, with Barclay being involved in its financing. Argentine nationalist want to boycott British banks that want to help them to manage their finances. Conclusion: Only fools invest in Argentina.
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7 comments:
Given the history, you would be a fool to buy Argentine sovereign debt. Unlike the Greeks, they have no big brother to bail them out. The immature and entitled attitude of the Greeks actually makes some sense because it has some basis in reality (however morally wrong it is to expect to do nothing and have others pay for you), while the Argentine political specialty has always been fantasy.
K
Argentine irresponsability is something. They are sure that nothing they do can ever harm them. As they say (and believe): God is Argentine. God will always help them out.
Amiable dispatch and this mail helped me alot in my college assignement. Say thank you you as your information.
Who is this amiable commenter? Honorable Chinese student I presume?
Yes, it sounds like it from the highly fractured grammar - I have no idea whatsoever as to what he was trying to say - Chinese is so different from Western languages that if you do a literal translation (as I'm guessing he did) it can be completely unintelligible.
Must be that amiable and joyous student, Wan Long Pi.
Ha : - )
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