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

To: Haim R. Branisteanu who wrote (35754)	6/14/2008 6:48:13 PM
From: elmatador	Read Replies (1) \| Respond to of 219734

Another Argentina Default? Will Argentina default on its debt for the second time in a decade? Three experts share their insight. latinbusinesschronicle.com Argentine alert as inflation spectre stalks half the world Ambrose Evans-Pritchard Last Updated: 1:12am BST 03/06/2008 Argentina is defaulting on its sovereign debt yet again, this time by stealth. Wealthier Portensos with a nose for trouble are pulling their savings out of Buenos Aires banks. Most are buying dollars, or slipping across the Rio de la Plata to deposit their stash in Uruguay. telegraph.co.uk

To: Haim R. Branisteanu who wrote (35754)	6/15/2008 7:58:02 AM
From: elmatador	Read Replies (1) \| Respond to of 219734

Argentina cracks down on a three-month protest against an increase in grain export taxes Argentina cracks down on farm blockade By VICENTE L. PANETTA – 10 hours ago BUENOS AIRES, Argentina (AP) — Argentine police in riot gear broke up a farmers' highway blockade Saturday, briefly arresting 19 demonstrators including a prominent leader of a three-month protest against an increase in grain export taxes. The arrests near the city of Gualeguaychu and Argentina's river border with Uruguay were broadcast on national television and threatened to inflame a tense standoff between farmers and President Cristina Fernandez's center-left government. Strike leader Alfredo de Angeli and the other demonstrators were later freed following noisy protests in the capital demanding their release, including one protest outside the government house. Riot police brought in water tanks and monitored the demonstration, but there were no clashes in Buenos Aires. "The government is not going to pacify us like this — on the contrary. The protest will continue," de Angeli told Cronica TV after his release. Cabinet chief Alberto Fernandez accused striking farmers of "generating a climate of growing public unrest." He said 19 people were arrested. The crisis was touched off by the president's decision this spring to raise export taxes on grains more than 10 percent, saying farmers have benefited from rising world prices and the profits should be spread around to help poor Argentines. Growers countered that they need to reinvest the profits and the higher taxes make it difficult for them to make a living. Three months of bitter protests and road blockades have emptied supermarket shelves and led to shortages of meat, oil, flour, vegetables and fuel. Farm goods are the largest source of foreign currency in Argentina, which is the world's third biggest exporter of soy and corn. President Fernandez has refused to repeal the tax increase and government officials have said they would guarantee free movement on roads across Argentina. Border police in riot gear carrying batons were seen making the arrests and dragging away protesters. "I believe they arrested us for blocking the road but nobody read us any charges," Juan Maya, one of the detained, told Maxima radio. Interior Minister Florencio Randazzo denied police violently cracked down on protesters. "There was no repression. The border police were not carrying guns or tear gas, just shields," he told cable channel TodoNoticias. "They were trying to clear the people who were on the road, and they resisted." The farm strike has been joined by cargo truckers, who have been idled by three separate farm strikes that all but halted grain exports for weeks. They have vowed to protest, blocking about 200 roadways, until the farm strikes are resolved.

To: Haim R. Branisteanu who wrote (35754)	6/15/2008 8:13:41 AM
From: elmatador	Read Replies (1) \| Respond to of 219734

The FT and its sister publication The Economist are trying hard to find negative aspects in LATAM. Argentina is a favorite plate for the British. Therefore, the British press is the best to seek negative aspects about Argentina. In case of Brazil it doesn't matter. Gone are the days when you would screw a contry and the effect will screw the rest and capital flew to 'quality' com gusto. Why would the British would like a capital flight, you may be asking. London, as a financial center. Lives off capital. For them it would be wonderfull to have capital flying aorund now -subprime- that the cow is dry. It could even make people forget the statization of Northern Rock and the next 3 years of housing prices going down. Therefore it is necessary to keep reading the news with a slant. That's not a defense of Argentina financial policies. Argentina has not yet sunk because Chavez has been sending money to them. “But its international financial isolation is costly – Buenos Aires has had to pay Venezuela interest rates of up to 13%, yet it cancelled its low-cost International Monetary Fund debt and the Paris Club debt only costs 5.3%, Mr Krause said”. mercopress.com For Brazil it even could be an advantage to take advantage go and buy more companies there. Also capital from Argentina can fly to Uruguay and Brazil too. So it stays 'in the family'