Posted on 09/22/2014 9:01:27 AM PDT by blam
Reuters
September 22, 2014
Argentine President Cristina Fernandez on Monday will meet bondholder and billionaire financier George Soros, who is suing a U.S. bank caught in the middle of the country's latest debt default, a government minister said.
The meeting comes as Fernandez's leftist government struggles to kick-start growth and contain runaway consumer prices after failing to complete a June interest payment to Soros and other holders of bonds restructured after a previous default.
Soros' portfolio also includes a 3.5 percent stake in Argentina's state-controlled energy firm YPF. Buenos Aires has frequently cited the Hungarian-born magnate's investments in the country as a signal of investor confidence in the $490 billion economy.
Cabinet chief Jorge Capitanich gave no details on what Fernandez and Soros would discuss. Local media reported Fernandez would be looking to shore up support for her unflinching stance against a small group of investors whose decade-long debt row with Argentina triggered July's default.
Fernandez is in the United States ahead of the United Nations General Assembly, as relations between Buenos Aires and Washington sour over the role a U.S. court played in Argentina's debt saga.
(snip)
(Excerpt) Read more at businessinsider.com ...
Soros to the rescue! lol (fox in hen house)
Wonder how his investment in Ukraine is going.
As an aside, why do they keep calling him “Hungarian-born”? Are they trying to insult Hungarians?
John Kerry was in Vietnam.
Of all people to push the lief expectancy numbers why him?...
He can’t be such a soooooper genius if he was dumb enough to hold a stake in Argentina.
So, which countries does Soros now control with his money? We know he has complete control of the Democrat party in the USA, but who else??
Argentina, I am NOT crying for you.
Soros is likely taking it in the shorts on this. He dumped a bunch of money into Petrobus. Here’s hoping he loses everything.
Pray America wakes
Warning, Barf Alert!!!!!!!!!!!!
One guaranteed way NOT to pay off the debt:
They make a sex video and try to market it
He’s the man who broke the bank of England, destroyed a few other national banks.
Does he get credit for Argentina, too?
He’ll be given the opportunity to buy into Argentina cheap. The government will protect his investments.
Oh, I don’t know. While I probably know even less about economics than my dog does, it is not difficult for me to imagine that Soros would be willing to throw good money after bad if it meant that he would have all sorts of leverage to change the society in the debtor country he is dealing with. From everything I have read about this jerk, I assume that gaining and exerting power is what he gets juiced on.
bump
Maybe she should change some of their economic policies that are impoverishing the country??
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