The default is righ here.

[Bajo_cero2]

https://www.facebook.com/31783122271/posts/10157665882547272

 

[Bajo_cero2]

 

[toongeorges]

The surprising part is not that Argentina is defaulting, the surprising part is how little time it took. The IMF loan was taken out only 1 year ago and Argentina already wants to renegotiate???

 

[Stantucker]

The surprising part is not that Argentina is defaulting, the surprising part is how little time it took. The IMF loan was taken out only 1 year ago and Argentina already wants to renegotiate???

Is renegotiating a default?

 

[toongeorges]

Is renegotiating a default?

If the proposal to postpone the repayments is accepted, then technically there is no default, though if the proposal is not accepted, there is a default.

Imagine you take a loan from a bank and one year later you tell them you think it is better that you postpone the repayment. That is not conventional, is it.

 

[Stantucker]

If the proposal to postpone the repayments is accepted, then technically there is no default, though if the proposal is not accepted, there is a default.

Imagine you take a loan from a bank and one year later you tell them you think it is better that you postpone the repayment. That is not conventional, is it.

Calling things what they are not for political purposes is not normal either, is it?

 

[toongeorges]

Calling things what they are not for political purposes is not normal either, is it?

I have no political agenda. I do think Argentina is in a big mess again or are you thinking otherwise?

 

[Stantucker]

I have no political agenda. I do think Argentina is in a big mess again or are you thinking otherwise?

How could anyone think otherwise?

 

[perry]

How could anyone think otherwise?

How could anyone think otherwise?

You have a habit of defending the indefendible using soundbites to silence intelligent conversation . The current government has been the biggest disaster to hit Argentina since its founding as a republic . Now we are left with a terrible future as people will opt for radical socialism that also is not a answer to Argentinas problems .

Mauricio Macri had a historic opportunity to turn Argentina around . Instead he used the trust of his people to speculate with their future and rack up the largest debt ever . Capitalism is the correct path where people and business are encouraged . Savage capitalism which was the model of the last years has decimated most small businesses and converted the majority of Argentinas citizens into working poor .

I am not happy for a return to the past and certainly do not support the Venezuela model . For those members who gleefully post those venezuela videos put your money where your mouth is and move there . I desire for Argentina a capitalist future that encourages and respect its citizens . There are many fine examples in the world from Finland . Norway. Canada , and Australia . These countries have similar populations to Argentina and have prospered . Of all these countries once Argentina had the brightest future as rightfully so it is the richest of all ot them in natural resources . Unfortunately corruption has been ingrained in the system here and this has been the demise of the country in the last 50 years

 

[Bajo_cero2]

You have a habit of defending the indefendible using soundbites to silence intelligent conversation . The current government has been the biggest disaster to hit Argentina since its founding as a republic . Now we are left with a terrible future as people will opt for radical socialism that also is not a answer to Argentinas problems .

Mauricio Macri had a historic opportunity to turn Argentina around . Instead he used the trust of his people to speculate with their future and rack up the largest debt ever . Capitalism is the correct path where people and business are encouraged . Savage capitalism which was the model of the last years has decimated most small businesses and created the majority of Argentinas citizens in working poor .

I am not happy for a retiurn to the past and certainly do not support the Venezuela model . For those members who gleefully post those venezuela videos put your money where your mouth is and move there . I desire for Argentina a capitalist future that encourages and respect its citizens . There are many fine examples in the world from Finland . Norway. Canada , and Australia . These countries have similar populations to Argentina and have prospered .

Perry, nobody took us so close to Venezuela than Macri.