La Argentina

The decision to pay a one-time $6,700 million estimated was the debt that Argentina maintains with the Member countries of the Club of Paris, appeared to be the door of a quick solution of the proposal, but issues related to the final estimate of the debt of Argentina (the head of the club, the French Xavier Musca claiming US $7.900 million), and the problem of the holdouts, have hampered the outcome. In an article published in the site economic Ieco, Clarin, reproduces the opinion of a source involved in the negotiations, saying in relation to the influence that they can have the holdouts in accepting or not by the Paris Club to the Argentine proposal: Japan and Italy remain intransigent and belligerent positions on the Argentine liability to the noteholders. A known by Argentines, the former number two of the IMF, Anne Krueger, said in this regard: La Argentina can do what he wants, but you should not be isolated from the capital market. With this, Krueger wanted to insinuate that the Argentina should be accountable to international financial markets if it is that you intend to return to them. Beyond that Argentina can overcome the debt cancellation that keeps with the Paris Club, access to the financial markets not listed as something simple and much less inexpensive. Moreover, the international financial crisis is affecting the prices of commodites, both energy and food.

The fall in quotes produces a positive effect on the economies to reduce inflationary pressures. In fact, the retailer in the U.S. inflation rate.UU. and the euro area, have been reduced product mainly fall in the oil price. But in the case of Argentina, the fall in these international prices, although it can help limit inflationary pressures, do not greatly since the inflation problem that the country has mostly responds to internal factors. Moreover, the fall in the international prices of agricultural commodity prices is affecting negatively in the Argentine economy, both the agricultural sector and the national Government.