Argentina to pay 16 billion USD in damages over YPF nationalization

[earlyretirement]

https://www.infobae.com/economia/20...s-de-milei-para-la-argentina-no-hay-un-dolar/

Makes sense. We currently owe the IMF 44.5 Billion, the BCRA reserves are negative, we now owe the holdouts 16 Billion for YPF, and we still need 45 Billion to dollarize. As I've been saying ad nauseam: where is the money coming from? And if the answer is it's the money under the mattresses, I have bad news, 40% of the country lives in poverty, and what little remains of the middle class doesn't have tens of thousands of dollars in cash, so unless Milei is going to send the PFA in to peoples' homes in Puerto Madero looking for cash, he needs to stop lying about us dollarizing, explain where the dollars are coming from, or that it will be a violent and painful process, and people better get prepared for it, because we can't carry over 100 Billion dollars in debt as a country, even if we somehow got the loans.

Yep, I've always said whomever wins the Presidential election is going to have a whole lot of hurt upon them. Still, one has to have some faith.

 

[cuando_volverá]

Ahhh, now I see your problem. You've been reading Clarin!
Personally, my opinion of the whole Clarin media empire is the same as Milei's opinion of Socialists.

Remember the socks? Clarin might miente, but the socks don't.

Las medias "Clarín Miente" llegaron a Angola

En medio de la misión oficial que encabeza Cristina Kirchner en ese país, una curiosa imagen de un grupo de niños genera polémica en la red social Twitter

www.lanacion.com.ar

 

[earlyretirement]

Remember the socks? Clarin might miente, but the socks don't.

Las medias "Clarín Miente" llegaron a Angola

En medio de la misión oficial que encabeza Cristina Kirchner en ese país, una curiosa imagen de un grupo de niños genera polémica en la red social Twitter

www.lanacion.com.ar

Oh yeah I agree with you Clarin isn't the best but there is no denying the theft of YPF. No one can dispute that and the courts were spot on target with their ruling. Basically Argentina is F(*cked.

 

[earlyretirement]

Yikes 20% of national budget! Holy cow. THIS is what happens when you do stupid things like this.

Cha Ching for the investor group! 37,000% ROI. Love it. Smart money ALWAYS knows how to make money in Argentina. Kudos for them. I know some of these guys. Sharp!

It will take many years to get and it probably won't be the full amount but man what a great ROI. I love to see people making money in Argentina.

I love Argentina but they have this coming.

Argentina Says $16 Billion US Judgment is 20% of Its Budget - BNN Bloomberg

Argentina said it wants to delay paying a $16 billion court judgment over its 2012 expropriation of oil company YPF SA.

www.bnnbloomberg.ca