Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Archie Meeties who wrote (23924)	10/11/2007 10:32:19 AM
From: TobagoJack	Respond to of 217662

school yard taunts are to: - pass the time on long journey of collapse - make cb ilaine twist in the wind and maurice mq twitch in same wind, for they are prime evil - nothing more today's market posts: Message 23956561 Message 23957181 Message 23957218 as to politics and geopolitics, distinctly different from taunts ... it is all to do with markets

To: Archie Meeties who wrote (23924)	10/12/2007 2:36:00 AM
From: elmatador	Respond to of 217662

Argentina seeks credibility with investors and companies that are looking to do business in the country. Argentina is more willing to work with market participants. They are looking to Brazil and perhaps thinking that paying and getting credibility is better than not paying. Argentina's Kirchner Expects Paris Club Debt Accord (Update3) By Bill Faries Oct. 11 (Bloomberg) -- Argentine President Nestor Kirchner said South America's second-largest economy will reach an accord with the Paris Club group of creditor nations to repay about $6 billion in defaulted debt. Kirchner, who spoke in response to a question from Bloomberg News, didn't provide details of the plans. Argentina, which defaulted on $95 billion in debt in 2001 and devalued its currency the following year, restructured most of its debt in 2005, failing to reach an accord with the Paris Club. ``Argentina needs to buy credibility with investors and companies that are looking to do business in the country,'' said Ricardo Amorim, chief Latin America economist at WestLB AG in New York. ``Paying off the Paris Club would be a sign that Argentina is more willing to work with market participants.'' A restructuring of debt with the Paris Club, an informal group of creditors that includes the U.S., Germany and Japan, would require approval by the International Monetary Fund, which Kirchner blames for the country's economic crisis in 2001. He called the IMF a ``dictatorship'' during a speech in March. Yields on Argentina's 5.83 percent inflation-linked peso note due in December 2033 fell 3 basis points to 7.62 percent, according to Banco Mariva in Buenos Aires. Argentina, now in its fifth straight year of economic growth, has more than doubled its international reserves since it drew them down to pay off the IMF in January 2006. Reserves rose to $42.9 billion on Sept. 28, the last date for which the central bank has published data, from as low as $18.6 billion on Jan. 3, 2006.