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El Banco Central compró más de U$S 1000 millones durante junio One wonders what they need them for :cool:

Nice myth. Too bad it doesn't fit the real numbers. Argentina's public debt stock, 1990-2001 (million US dollars) ...... Bonds ... Total 1976: .......... 8,000 app 1983: ......... 40,000 app The number is disputed, it may have been as much as max. 45 billion 1990: 8,406 .. 57,582 1991: 7,378...

In 1981-82 most of the private foreign debt of US$ 4.5 billion was taken over by the state. US$ 4.5 billion, not 90 billion. After 1983 when the democracy was restored and Raúl Alfonsín was the president, the Argentine state continued increasing the foreign debt. Between 1983 and 1989 public...

Nonsense. As I have told before, the Argentine government stepped up bond issuance in the years 1999 to 2002 (more than half the bonds were issued in those 4 years) - which dictatorship?

Argentina robbed more than 500,000 pensioners and retail investors of more than US$ 62 400 000 000. The hedge funds rob peanuts in comparison.

Deary me, a clearcut case of: http://en.wikipedia....ki/Whataboutery and http://en.wikipedia....ki/Whataboutism - unless, of course, Kicillof is paying 92% of Guantánamo and Iraq??

Singer also signed The Giving Pledge, a commitment by wealthy individuals and families to donate more than half of their wealth to address society's "most difficult moral and economic challenges." In his commitment letter, he stated, "The Giving Pledge uniquely combines the direct provision of...

This is getting ridiculous. I mention 5 instances, the oldest dating back to the year 2000, where the interpretation of pari passu is the same, and you write "staying general". 1. Belgian Appeals Court 2. Argentine 2005 prospect 3. Argentine 2010 prospect 4. judge Griesa 5. commercial law...

Problem is, that Hayk Kupelyants' article (your link) does not adress the meaning of the exp<b></b>ression in the two prospects nor the reason why it is there. In those prospects 'pari passu' means either 'on equal terms'/'on equal footing' or 'goobledegook' just to fill the line. 14 years...

Completely out of synch with what I wrote.

I did not ask for a general interpretation (I have read several) but for a specific explanation of the use of 'pari passu' in the two prospects.

I find it marvellous that people who actually live in Argentina trust the words of a government, which told them that the inflation 2009 through 2013 was only 9 to 11 percent per year.

Guantanamo is not a US jail but an illegal POW camp.

Absolutely! Abiding by the law is a stinker. Which weird interpretation? it is consistent with the Argentine interpretation i the two debt exchange prospects. Please explain the meaning of pari passu in the below Argentine documents, if you think it differs from judge Griesa's interpretation. -...

Absolutely! No newly elected government should be hampered by any convention, agreement, obligation, debt, etc. left over from an earlier government. As for corruption, it's easy to see that Argentina isn't really corrupt. Look! it's rank is 106 on the corruption index (the US has miserable...

How about a country where you must prove people's guilt before you send them to jail?

Do remember Viveza criolla ( http://en.wikipedia..../Viveza_criolla http://es.wikipedia..../Viveza_criolla )

You seem to be under the weird misapprehension that the more than 500,000 bond holders were somehow financial experts, with a clear understanding of risk assessment and management. Retail investors owned some 44% of the value (36 000 million US$). Retail investors are Guiseppe and Gertrude who...

That was in January 2012, if the information is reliable, the creditors should have received more than 100 percent by now. Can you provide a reliable source for what it is 90 percent of? clarification: like 90 percent of full bond value? like 90 percent of 30 cents?

All in all, there were more than 500,000 creditors of the Republic of Argentina, 38.4% (close to 192 000) were Argentines. Two other very large groups were Italian and German bond owners, who had invested their pensions savings.