by nwdiver » Wed Feb 17, 2010 4:29 pm
Argentina has a smaller less effective military now than it had in 1982, nobody will sell them arms, they don’t have the cash to pay, it will come to naught, it’s Kirchner using the militaries tried and true method of getting the Argentine People minds off the debt default that is brewing. If they default again they will need the oil out there to have schools and roads.
Sad sad case, they agreed in the 1983 treaty to give up their claims, I guess that really doesn't count the way they say they will get their fiscal house in order then say ja ja fooled you again, this time I believe the IMF will tell them they have real countries to help out and you dig yourself out. If that happens watch the nationalization of foreign asset, I’m glad I didn’t buy anything in Argentina, I feel sorry for some friends that have lived through the devaluations and bank freezes and worked a building up businesses.
It's all about the wine.