Really? Living in the past are you? The Argentine fold was a decade ago. Since then it has been outperforming just about any country IN THE WORLD! From wikipedia:Erik_7Xi wrote:Seeing is believing - the Argentine economy is in tatters, the country is broke
High inflation is still a problem in Argentina, but "economy is in tatters" and "the country is broke" are utter non sense. Get you facts straight, please.The socio-economic situation has been steadily improving and the economy grew around 9% annually for five consecutive years between 2003 and 2007, and 7% in 2008. The global recession of 2007–10 affected the economy in 2009, with growth slowing to 0.8%.[2] High economic growth resumed in 2010, and GDP expanded by over 8.5%.[31]
Economic growth is an incredibly subjective measure and reveales nothing of the government's debt situation - fact is that Argentina completely defaulted on its ability to repay the interest of its national debt in 2002, a situation not too unlike that got Greece, Spain, Portugal and now Italy into deep financial trouble. Despite restructuring its debt (which does not mean it has been paid it, it simply eases its debt burden to provide more liquidity, enabling a government to remain functional), Argentina's government deficit is still wearing the results of the massive repayment to the IMF - a move questioned by many. Also Argentina's debt swaps may have cleared its books somewhat again, that was a very identical bubble that certainly has bursted for many European countries (and the US domestically at a massive scale in 2007-2009).ehusmann wrote: High inflation is still a problem in Argentina, but "economy is in tatters" and "the country is broke" are utter non sense. Get you facts straight, please.
Oh, and the debt situation is an objective measure? Especially knowing that the Argentinian debt is lower than the Dutch. Does that make that the Dutch "economy is in tatters" and that "the country is broke". I don't think so. So I stand by my position that you are talking non sense with those two expressions, ESPECIALLY if you are solely basing it on the (rather historic) debt situation of the country.Erik_7Xi wrote:Economic growth is an incredibly subjective measure and reveales nothing of the government's debt situation
so why bother sending these cranky posts, ?ehusmann wrote:Oh, and the debt situation is an objective measure? Especially knowing that the Argentinian debt is lower than the Dutch. Does that make that the Dutch "economy is in tatters" and that "the country is broke". I don't think so. So I stand by my position that you are talking non sense with those two expressions, ESPECIALLY if you are solely basing it on the (rather historic) debt situation of the country.Erik_7Xi wrote:Economic growth is an incredibly subjective measure and reveales nothing of the government's debt situation
And besides, you are barking up the wrong tree since this is already shown to be a hoax.
Erwin
Haven't you heard? Dutch enomomic growth over 2011 will be 7,8 %, once recalculated, and for 1212, it will be double digits!!Erik_7Xi wrote:Hmm yes the Dutch government has defaulted on its national debt interest payments when exactly?
My wording may ................ Hoax or no hoax.
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