Venezuela denies Argentine debt

[Catherina]

Venezuela denies Argentine debt

Foreign Minister Héctor Timerman and his Venezuelan counterpart Elías Jaua rejected yesterday comments made by Venezuelan presidential candidate Henrique Capriles over an alleged hefty financial debt that the Argentine government has with that country.

“None of that makes any sense,” said Timerman, while Jaua stated that the bilateral agreements were “legitimate and sovereign.”

The opposition candidate, who lost last year’s election to late president Hugo Chávez and is now running against Acting President Nicolás Maduro, said during a televised interview that Argentina owes 13 billion dollars to Venezuela, and put the blame of the economic crisis on these “gifts,” as an “inefficient” way of managing resources.

When asked about these statements, Timerman replied: “This only shows Capriles’ ability to confuse people, because none of what he says makes sense.”

“The Bolivarian revolution will prevail, and our agreements with Argentina were legitimate and sovereign. We will not return to the past, the right-wing party that that candidate represents used to sell oil to the United States for five dollars. Never again!,” Jaua said emphatically.

...

http://www.buenosairesherald.com/article/128423/venezuela-denies-argentine-debt

[ocpagu]

1. Capriles would be a perfect Rebublican.

He probably would be side by side with those idiots screaming and kicking because Obama "gave" (lent) Brazil US$ 2 billion for oil extraction while ignoring the fact that Brazil is the 4th largest creditor of US foreign debt...

The agreement between Argentina and Venezuela involved relatively fair rates (~ 10.66%), compatible with the average market prices. All the terms and commitments regarding the agreement have been completely fulfilled. So, Timerman is right to say that it doesn't make sense.

As a good puppy of the sore widows of Washington Consensus, he'd rather have Venezuela buying bonds from semi-failed neoliberal governments - such as Merkel is asking China to do.

[joshcryer]

2. You'll note they don't actually deny it.

What Capriles said was true, but it was mainly political talk, since it's not relevant in the context of the quote. The full quote is that Capriles criticizes the other giveaways, corruption in Cadivi, and billions in food imports. We'll see how long until Argentina pays back their "short term" debt.

[naaman fletcher]

3. "our agreements with Argentina were legitimate and sovereign"

What does that mean? It sounds to me like it means Argentina does owe the money.

[joshcryer]

4. They do, they're claiming it's a short term loan.

Which is may or may not be, given Argentina's situation, I doubt it'll be paid back any time soon.