Effects Of A Default On Expats

[AmigoArtistico]

Interesting case indeed

It certainly is!

And in sixteen days we'll all know a lot more about it than we do today (maybe -- with this case, you never know).

If things go really sour, maybe we'll even begin to learn the answers to lacoqueta's original question.

But let's hope it doesn't get to that.

 

[AmigoArtistico]

In Latin America.

'Putin hailed Brazil as Russia's "greatest partner" in Latin America, saying they were united on "key international issues." '
http://www.spacedaily.com/reports/Brazil_interested_in_Russian_air_defenses_Rousseff_999.html

I guess it all depends on which article you read, or where Putin is at the moment, or perhaps the hour of the day, or the day of the week, or if it's sunny or raining.

 

[ajoknoblauch]

I for one very much doubt this will end in a default.

The domestic political cost of a default is huge and the problems with future investments for developing Argentine resources far to great.

I am also sure, that hopes based on e.g. the planned BRICS bank, China and The Soviet Union Russia are futile, given a 2014 default will be the seventh in Argentine history - not so good for confidence building - leading BancoBRICS, China and The S.. Russia to demand collateral on loans.

You seem to assume that the current government cares what happens after it leaves office.

 

[Don Alberto]

You seem to assume that the current government cares what happens after it leaves office.

I don't understand your interpretation of my post.

Read: "The domestic political cost of a default is huge"

I assume that the present government doesn't want to leave Buenos Aires in a helicopter bound for Uruguay in the beginning of August.

 

[Matiasba]

'Putin hailed Brazil as Russia's "greatest partner" in Latin America, saying they were united on "key international issues." '
http://www.spacedail...usseff_999.html

I guess it all depends on which article you read, or where Putin is at the moment, or perhaps the hour of the day, or the day of the week, or if it's sunny or raining.

Although similar, "main strategic partner of the region, the G 20 and the UN" its not the same as "greatest partner in Latin America".

Anyway, it really doesnt matter the exact quote, the important thing is that because of the changing world we have today, Russia as a super power now cares a lot of Latin America, and Argentina is VERY important in that aspect. Brazil has its importance from the BRICS, Argentina is more strategical.

 

[ajoknoblauch]

I don't understand your interpretation of my post.

Read: "The domestic political cost of a default is huge"

I assume that the present government doesn't want to leave Buenos Aires in a helicopter bound for Uruguay in the beginning of August.

The current government doesn't much care, so long as they can blame their successors for the inevitable results of the década perdida.

 

[Don Alberto]

The current government doesn't much care, so long as they can blame their successors for the inevitable results of the década perdida.

You think they would be happy having the choice between dangling in a lamppost or fleeing to Uruguay in 2-3 weeks?

Interesting thought.

 

[ajoknoblauch]

You think they would be happy having the choice between dangling in a lamppost or fleeing to Uruguay in 2-3 weeks?

Interesting thought.

You misinterpret. The idea is that they profess to leave the country in optimal condition, while their successors get trashed for screwing it up, after which Máximo steps in. It's a vicious circle (though they consider it virtuous).

 

[Don Alberto]

You misinterpret. The idea is that they profess to leave the country in optimal condition, while their successors get trashed for screwing it up, after which Máximo steps in. It's a vicious circle (though they consider it virtuous).

If Argentina defaults in early August, I fail to see how the successors can be blamed for the default.

"The domestic political cost of a default is huge" - if one of us is misinterpreting, I don't think it's me.

Let us wait and see the proof in the pudding in 3 weeks.

 

[French jurist]

Funny article, a member of the GW Bush Center talks about Vaca Muerta... Spoiler: conspiracy theory

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