Skip to main content

Take Cristina Kirchner’s Word For It

  • Author:
  • Updated:
    Original:

She may be running out of dollars, and the new civil code her party just rammed through may technically allow it to pay its debts in its increasingly worthless currency. But she promises you that Argentina would never do something so underhanded as that.

Investors fretted that certain clauses in the bill might give debtors, including the federal government, the option of paying their foreign currency debts with Argentine pesos.

“In monetary matters, this civil code gives certitude, security and certainty for everyone: for depositors, for banks, for users, for consumers,” Mrs. Kirchner said.

Reassured?

Argentina Seeks to Assure Savers, Creditors on Civil Code [WSJ]

Related

Presidencia de la Nación Argentina [CC BY 2.0], via Wikimedia Commons

Cristina Kirchner Not Done Torpedoing Argentine Economy

The mere thought of the former Argentine president has investors running for the hills.

fernandez

Argentina Has The IMF Right Where It Wants It

If it wants to see its $44 billion again some day, it’s gonna have to play nice on the austerity front.

A Sight For Cristina Kirchner’s Sore Eyes

Anti-hedge fund protestors accusing "vultures" of profiting from a debt crisis? The president of Argentina presumably likes what she sees.