Effects Of A Default On Expats

[Don Alberto]

Another one

http://tribunadonort...do-brics/287980

Which says:

"A presidente Dilma Rousseff aproveitou o discurso de encerramento da reunião do Brics com os países da América do Sul para pedir um discurso unificado contra o precedente criado pelo Judiciário dos Estados Unidos, que obrigou o pagamento integral da dívida argentina aos chamados fundos holdouts, a ser levado na próxima reunião do G-20, em novembro, na Austrália." "Followed by the exact same text as I quoted above: "Em apoio à presidente argentina, Cristina Kirchner, Dilma fez um apelo ..."

"Cristina disse que os países presentes na reunião concordaram que a Argentina foi muita prejudicada na renegociação ..."
"Cristina said that the countries (re)present(ed) ... " she hardly represents BRICS, of which Argentina is not a member.

How is your Portuguez, Frenchie?

 

[Don Alberto]

It seems that Argentina receives international support from the BRICS when I read this:

A presidente Dilma Rousseff aproveitou seu discurso de encerramento da reunião do Brics com os países da América do Sul para pedir um discurso unificado contra o precedente criado pelo Judiciário dos Estados Unidos, que obrigou o pagamento integral da dívida argentina aos chamados fundos holdouts

So in your opinion Dilma is BRICS?

App "President Dilma Rousseff's asked, in her closing speech to the meeting of the BRICS countries in South America, for a unified stance against the precedent set by the Judiciary of the United States, which required full payment of the Argentine debt to fund called holdouts"

Dilma asked ...

 

[French jurist]

Presidenta Cristina also says that BRICS support Argentina in the holdouts dispute.

Read just the title
http://www.opovo.com.br/app/economia/ae/2014/07/16/noticiaseconomiaae,3283262/argentina-recebe-apoio-em-reuniao-do-brics.shtml
Argentina recebe apoio em reunião do Brics

 

[Don Alberto]

Read just the title
http://www.opovo.com...-do-brics.shtml
Argentina recebe apoio em reunião do Brics

Ah, now you can suddenly rely on what a headline in a newspaper says?

 

[ajoknoblauch]

somehow, Im not surprised that you trust infromation based in rumours.

Anonymous quotations and rumors are not the same thing. See http://en.wikipedia.org/wiki/Deep_Throat_%28Watergate%29

 

[French jurist]

Ah, now you can suddenly rely on what a headline in a newspaper says?

I thought you had relied on a newspaper article? (not sure our "ping-pong" is that interesting for other readers, just reread yourself next time)

 

[Matiasba]

It is a rumor since it is some voice running in the public, but anyway, if you think that doubting of anonymous quotation, something that the media does nowadays just to give false iformation, just to put in a non existant person what they want to say, just to create expectations by not having a real source of information, that means having the liberty to say whatever they want, since its nobody, if you think this is conspirative theory you must be really dumb and gullible, as we say in spanish "te venden un buzon y lo compras".

 

[Don Alberto]

Ah, now you can suddenly rely on what a headline in a newspaper says?

I thought you had relied on a newspaper article? (not sure our "ping-pong" is that interesting for other readers, just reread yourself next time)

If you don't understand the difference in reliability between a headline and an article, I feel sorry for you.

Headline: New cure for malaria!

Article: A new discovery may lead to a cure for malaria in 10 to 15 years.

Headlines were invented to make the gullible buy the rag.

Enough!

 

[AmigoArtistico]

Here we go again, Gomer's ruling on Griesa:
Griesa's ruling is biased in favor of the holdouts. All Investors of AR bonds must be treated equally, OK. What the hell is equal about giving holdouts 100% of face value and settled bond holders only get 30%. If all things are required to be equal for investors under New York law, it would seem equal treatment for investors should have been interpreted to mean 30% for vultures and 30% for settled bond holders. The ruling by Griesa to award 100% to holdouts is crazy and entirely his own remedy to appease the holdouts and not part of any written law anywhere. The ruling is bogus and the Supreme Court validated the bogus ruling.

You conveniently left out the years and years of litigation, nearly a hundred prior court decisions (all against Argentina, and ignored), dozens of attempts (rebuffed by Argentina) at negotiating a settlement with the holdouts (most of whom do not fall under the pejorative title of buitres), the creation of an Argentine law (cerrojo, still active) prohibiting Argentina from paying the holdouts, and the fact that there was no initial negotiation which led to the canjes -- Néstor Kirchner said Argentina would pay 30 cents on the dollar, take it or leave it, period -- all of which factored into this final, extreme decision by the court.

Your comment blithely suggests that this was some bizarre decision which came out of the blue.

Far from it.

Argentina had years to settle with the holdouts amicably, and on much better terms. The government very deliberately chose not to.

This is the result.

 

[ajoknoblauch]

It is a rumor since it is some voice running in the public, but anyway, if you think that doubting of anonymous quotation, something that the media does nowadays just to give false iformation, just to put in a non existant person what they want to say, just to create expectations by not having a real source of information, that means having the liberty to say whatever they want, since its nobody, if you think this is conspirative theory you must be really dumb and gullible, as we say in spanish "te venden un buzon y lo compras".

Please come back, Matías, when you have something coherent to say.