Argentina's Kirchner to IMF: No courtship, no romance
the world bank, the imf, the g7, the u.s. treasury, and the large global lender banks (citi, hsbc, etc.), have worked for years to perpetuate economic servitude in their client nations in the name of free markets, private enterprise, democracy, rule of law, and so forth... what needs to be remembered is that argentina was the imf's "poster child" up until shortly before the financial collapse of 2001 followed by a flurry of finger-pointing (in argentina's direction, predictably) along the lines of "no, no, we told you to do it THIS way" and "if you had dealt with corruption like we TOLD you" and so on... then, to the astonishment of the global financial community, argentina made the decision to remain in default of its loans and to use the money accumulating from it's gradual recovery to benefit its CITIZENS first rather than re-pay the bigs... on the occasion of the national flag day, yesterday, argentine president nestor kirchner had this to say...
there have been many, many more countries that have been similarly damaged by toeing the imf line who nevertheless continue to do so out of fear of losing access to development money... still, it needs to be said and i'm glad kirchner is saying it... no doubt it will get little to no coverage in the "first world..."
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“Because I defend the fatherland’s interests.” President Néstor Kirchner lashed out at the International Monetary Fund yesterday saying he "refuses to court interests that have sunk us." Heading a ceremony in Rosario to celebrate Flag Day, Kirchner’s outburst came on the day that the IMF concluded an Article IV review of the Argentine economy, a standard annual procedure for IMF member countries. What set Kirchner off was a supposedly secret IMF document published yesterday by Clarín that is highly critical of "Kirchner’s political methods," and which is reported to have been written by IMF Western Hemisphere Director Anoop Singh, who is also responsible for the Argentine case. ‘‘The IMF focuses its attacks on me because I strongly defend the fatherland’s interests and refuse to court those interests that have permanently sunk us," Kirchner said.
there have been many, many more countries that have been similarly damaged by toeing the imf line who nevertheless continue to do so out of fear of losing access to development money... still, it needs to be said and i'm glad kirchner is saying it... no doubt it will get little to no coverage in the "first world..."
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posted by profmarcus at
6/21/2005
