pericles said:After another tumultuous week when Christina Fernandez Kirchner has been attacked by the world wide press for her decision to sack the Central Bank president Martin Redrado I am starting to feel sympathy for her as it seems that she is attacked for every reason .
Am I the only one who finds it ironic that she is now being attacked because she wants to pay the foreign debt using Central Bank Reserves when the world has been attacking Argentina for many years for not honouring its commitments.
There is incredible hypocrisy when she can not print trillions of dollars as the USA can to be attacked by the same govenments as being irresponsible.
In the USA today the Federal Reserve controls the government and its people and there is no auditing of accountability of this instititution.
Am I the only person here who believes that Christina Fernadez Kirchner is being given a hard time?
You are not the only one, it´s just that most people only repeat what the media says. The same who critize her now are the ones who celebrated When she used Central Bank reserves to pay to the IMF a couple of years ago.
This is a battle between 2 monsters. The corruption and incompetence of this government are unacceptable. Redrado responds to the interest of the world financial powers who wants Cristina to pay the debt with the commercial and fiscal surplus.
I say that we shouldn´t pay any foregin debt until we make a profund investigation. We have already paid our original debt 6 times and we still owe billions. It never ends because we only pay the interests (not the capital).
Most of our external debt began with the 1976 military coup d'état, it was an illegitame and illegal government never elected by the people therefore it´s odiuos debt.
I suggest you to research more about Odious debt and specially argentine foregin debt history prior to making any analysis (and don´t take bribery apart of it)
In international law, odious debt is a legal theory which holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation, such as wars of aggression, should not be enforceable. Such debts are thus considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion.
http://www.odiousdebts.org