Cristina: Neo-Liberal

[camberiu]

Was it Matias who said that debt was a "neo-liberal" policy? Although I find the statement absurd, Matias must now contend with the fact that, under his logic, Cristina is now the greatest neo-liberal in the history of Argentina.

"Argentina’s total debt jumped to a record in 2012 of $197.5 billion, surpassing the previous high of $191.3 billion in 2004, the year before the nation restructured debt left over from its $95 billion default in 2001."

FULL ARTICLE

 

[Gringoboy]

Interesting article.
I found this line very familiar:
Evita, who died in 1952, once said she would return multiplied by millions, according to Fernandez.

 

[Matiasba]

Argentina is one of the countries that is ok with its debt. Get over it, this is one of the good things of the Ks, look at the debt as a percentage of the GDP and compare it to the developed countries. Yes, in a lot of ways the debt is good, if its good invested, but by definition the debt is debt, you owe, and there are interests. Its better if you can grow with low unemployment for years without taking debt. Thats definetely a plus.

 

[camberiu]

So, accumulating debt is no longer a "neo liberal policy", right? But only if it is Cristina that is doing it. Got it.