The Next 4 Years If Scioli Wins?

[sesamosinsal]

Perhaps Germany is capable of paying its debts, and realizes the necessity of doing so?

Greece too, right? http://www.tradingeconomics.com/greece/government-debt-to-gdp

 

[ajoknoblauch]

Greece too, right? http://www.tradingec...ent-debt-to-gdp

You appear to be comparing ouzo and Schnapps.

 

[ghost]

maybe in the far future you will find a bit of intelligence and make a valid argument instead of trying to insult people in the most uncreative manner...

There has been no evidence that Wild House Droppings has gray matter. Or will grow said.

 

[wild_horses]

I had a great education in Germany, don't need to make local income in Argentina and don't rely on the social security system here, so your argument - like all of your posts - is not very logical. Keep trying though, maybe in the far future you will find a bit of intelligence and make a valid argument instead of trying to insult people in the most uncreative manner...

I had a good education here too, Nacional Buenos Aires and UBA, now I have my own startup, I am a Software Engineer, so I can be very logical, but I like to troll Germans like you who try to lecture everyone who is not from Germany forgetting their past and their dodgy present (my SH is also German, so I know how you lot can be from time to time).
Your arguments are just really flat, like when you say trains are bought with debt, of course! How do you want to buy them if there is no factories to produce them here. Reserves are up in a year by 9 billion, swap already triggered is 6 billion and not all went to the reserves as some of them went to the car industry to allow imports flow and keep production rolling as well as other sectors of the industry.
Argentina went into default because a judge did not let their investors get paid, you are not telling the whole story, so basically you are hiding the truth.
Poverty numbers, there are lots of agencies like Scalabrini Ortiz (the most respected in the country) who publish poverty numbers and today it is just under 20% but I agree that INDEC is light years from what it used to be.
Then you said and I quote "[background=rgb(252, 252, 252)]Maybe you are doing even better than Germany, wink[/background]", and you call yourself an intelligent being?
Of course Argentina is trying to get into capital market, is that bad for you?
What I really do not understand it is when you say "[background=rgb(252, 252, 252)]most of the money to be paid back is due after CFK is out of office.[/background]" Of course, Argentina has a debt of roughly 9 billion with PC, are you expecting to be paid within the next 6 months? Are you serious? Every country gets into debt and always the next government has to pay some of it, that is how it is since credit market begun. But if Argentina did not reached a deal with PC I am sure that you will criticize it anyway because that is how you are, right? Have a good weekend.

 

[wild_horses]

buying a train on debt/currency swap money just to have a new picture in front of a train

Issuing debt for infrastructure and to improve and expand production is good.
Issuing debt for current spending is very bad (90's come to mind).

 

[glasgowjohn]

I had a good education here too, Nacional Buenos Aires and UBA, now I have my own startup, I am a Software Engineer, so I can be very logical, but I like to troll Germans like you who try to lecture everyone who is not from Germany forgetting their past and their dodgy present (my SH is also German, so I know how you lot can be from time to time).
Your arguments are just really flat, like when you say trains are bought with debt, of course! How do you want to buy them if there is no factories to produce them here. Reserves are up in a year by 9 billion, swap already triggered is 6 billion and not all went to the reserves as some of them went to the car industry to allow imports flow and keep production rolling as well as other sectors of the industry.
Argentina went into default because a judge did not let their investors get paid, you are not telling the whole story, so basically you are hiding the truth.
Poverty numbers, there are lots of agencies like Scalabrini Ortiz (the most respected in the country) who publish poverty numbers and today it is just under 20% but I agree that INDEC is light years from what it used to be.
Then you said and I quote "[background=rgb(252, 252, 252)]Maybe you are doing even better than Germany, wink[/background]", and you call yourself an intelligent being?
Of course Argentina is trying to get into capital market, is that bad for you?
What I really do not understand it is when you say "[background=rgb(252, 252, 252)]most of the money to be paid back is due after CFK is out of office.[/background]" Of course, Argentina has a debt of roughly 9 billion with PC, are you expecting to be paid within the next 6 months? Are you serious? Every country gets into debt and always the next government has to pay some of it, that is how it is since credit market begun. But if Argentina did not reached a deal with PC I am sure that you will criticize it anyway because that is how you are, right? Have a good weekend.

I think the big question is .... what was the debt the Ks took on and what will they leave the next government , that may even be formed Mr Scioli and friends.
CFK has been good at massaging figures and I fear that there is a big mess in the Central Bank other places that we will only find out about in the early months of 2016.

On a a separate point , Argentina is a big country . Why does it have to import trains from China? Surely this and other previous governments should have been trying to promote serious industrial investment in the country and established genuine manufacturing industry. Assembling TVs and cell phones in Tierra del fuego is not "real" industry unless there is a plan to make the component parts in Argentina. How much of the employment created in the marvellous decade of the Ks has come from public and government related sources and how much is genuine private investment?

 

[sesamosinsal]

To give everyone an idea of just how anti-kirchnerista Scioli is, Sunday will be the first time that Scioli appears on 678 ... ever.

http://www.infobae.c...oficialista-678

For the past several months, the program has pounded Scioli, which will make his appearance this Sunday quite interesting, to say the least.

 

[thorsten]

Little tame pony, let me give you a little lecture to help with your education:
- Most Germans are well aware of the past of the country. In school, this is the number one topic and no, we don't see our country as a victim to evil foreign forces but recognize the dark chapters in history. If you'd have been once in Berlin you might have a clue how open this is presented.
- If you really want to compare numbers of a government like for reserves, don't just use a random time span (well, not really random but selected carefully to make a point even if the general trend is contrary to it). Compare it to the time they started and now and you'll see that reserves went down - a lot.
- I never told any story about the default and it's reasons. You claimed there was none, I just corrected you that Argentina is in default. A fact is a fact, even if you don't like it...
- The reference regarding poverty - if you don't follow any news - came from your president who claims that Argentina has less than 5% poverty. Tell us, is your beloved president a liar or is this the correct number? That's the only up-to-date number we have as little Axel doesn't know the poverty figure and INDEC doesn't publish anything anymore (I wonder why...).
- I don't criticize debt in general, but I strongly doubt that the investments made here so far are really increasing the economy longterm. Fact is, Argentina has no relevance at exports besides natural resources/soy. Where are all the tech products/machines/... "made in Argentina"? The entertainment electronics made in the south by importing 2 pieces and plugging them together to be able to see government-funded sports on television won't be all too competitive I'd think... CFK used so many minutes showing herself on public television to make "important announcements", yet I still must have missed the day where she talked about how to get the economy back in order. Instead, I've seen numerous speeches that blame all kinds of companies/industries on the fault for the current situation.

So it might be time to use your professional logic and apply it not only in your job but also when discussing politics. Good luck.

 

[wild_horses]

I think the big question is .... what was the debt the Ks took on and what will they leave the next government , that may even be formed Mr Scioli and friends.
CFK has been good at massaging figures and I fear that there is a big mess in the Central Bank other places that we will only find out about in the early months of 2016.

On a a separate point , Argentina is a big country . Why does it have to import trains from China? Surely this and other previous governments should have been trying to promote serious industrial investment in the country and established genuine manufacturing industry. Assembling TVs and cell phones in Tierra del fuego is not "real" industry unless there is a plan to make the component parts in Argentina. How much of the employment created in the marvellous decade of the Ks has come from public and government related sources and how much is genuine private investment?

Good question! First point:
When you are measuring debt you have to measure debt/GDP ratio, before Argentina went into default it had a ratio of 153% of its GDP, today is not more than 43% of the GPD, a massive deduction. There is no way to hide or manipulate debt figures as you have to pay it every other month and it is really easy to find out the whole sum of it.

Argentina has to import trains because it never had a industry to produce them, the only electric trains produce in the country where the FIAT back in the 70' and 80's, and went to the subte. after privatization it all disappear. For what I understand right now Argentina is negotiating knowledge transfer with China, but after what happened with Randazzo, who knows how it is going to end the story.

It is true that the Government should had tried to invest strongly in manufacturing, I agree that producing white goods it is not enough, I bealive that local components make up to 30% of the final goods, which is not enough! But you have to see the whole picture, Argentina for the time being is out of the Market, and if you add silly currency restrictions into that, no many people will invest, that is something the next government have to resolve.

 

[thorsten]

and if you add silly currency restrictions into that, no many people will invest, that is something the next government have to resolve.

The price question is now, who implemented these silly currency restrictions that hinder the development of Argentina...