Titoli di Stato area non Euro ARGENTINA obbligazioni e tango bond (12 lettori)

Fabrib

Forumer storico
Argentine President Mauricio Macri, addressing the nation from Casa Rosada, the executive mansion, was noted saying that the path for Argentina was always going to be hard.
Key quotes:
• Argentina can't spend more money than the nation has.
• Investors have started doubting Argentina's ability.
• Argentina's situations changed mostly on external factors.
• We must set a goal to not spend more than we have.
• Argentina may reach an agreement with IMF in days.
• Must make every effort to balance Argentina's budget.
• Argentina to set taxed on exporters.
• This is an emergency and we need exporters to help.
• Argentina to reduce ministries to half of the current amount.
• Prices of some essential foods to be controlled.
• Measures will lead to more poverty.
• There will be food, aid programs for rising poverty.
 

m.m.f

Forumer storico
ebbene Fineco ha risposto alla mia mail

..............in merito alla sua richiesta la informiamo che il titolo in oggetto

si configura come PRIIP (Prodotto di investimento al dettaglio

preassemblato) ma al momento è sprovvisto di documento KID pertanto

è possibile acquistarlo solo dagli utenti professionali.


:nnoo:

Non mi risulta lo dicono loro o solo da loro...
 

Magician

Forumer attivo
Argentina will impose taxes on exporters to boost much-needed revenue and will balance its budget a year earlier than planned after the peso collapsed last week and investor concern grew about the government’s ability to finance itself.

Argentina will also eliminate about half of the current cabinet ministries to reduce spending, President Mauricio Macri said in an almost 30-minute speech that started more than an hour later than planned. The government will target balancing its budget next year and seek a surplus in 2020, Treasury Minister Nicolas Dujovne said at a press conference after Macri spoke.

“To cover the shortfall during this transition we are going to ask those who have the greatest ability to contribute to pay,” Macri said. “It is a failure to not reach a balanced budget. This isn’t any other crisis. It has to be our last one.”

200x-1.jpg

Mauricio Macri

Photographer: Pablo E. Piovano/Bloomberg
The changes are intended to signal a shift in the government’s strategy as it heads into talks on Tuesday with the International Monetary Fund to speed up the disbursement of cash from a $50 billion credit line. Crippling inflation, a historic drought and the world’s highest interest rate are holding back the economy, which is set to enter its second recession in three years. Macri vowed to tighten its budget and focus on bringing the fiscal deficit as close as possible to zero in 2019.

It also follows one of Argentina’s most turbulent weeks in recent memory. The peso fell 16 percent after Macri made the surprise request last Wednesday to seek payments faster from the IMF. The central bank sold reserves and hiked its key interest rate up to 60 percent from 45 percent.

“This is good news because now the bar has been set to achieve fiscal balance in 2019 and a decent surplus in 2020,” said Walter Stoeppelwerth, chief investment officer at Balanz Capital. Macri’s party “still does not have a spokesman who can generate confidence to the market, and the failure to inject new blood into the economic team is a problem. We are in intensive care and it will remain to be seen how long it will take for the government to regain market confidence.”

Peso Selloff
Even before last week’s selloff, Argentina was having a rough year. After officials predicted strong growth and lower inflation at the beginning of 2018, a mix of bad luck, vague communication and confusing policies put Argentina on track for a recession after the record drought curbed soy output and inflation crimped consumer demand.

Rising U.S. interest rates in April and an emerging market selloff in August added to the peso’s problems. August was the peso’s worst month since the country’s historic debt crisis in 2001. Officials now see the economy contracting 1 percent so far this year.

Disjointed communication compounded the peso’s pain. Macri’s request was not confirmed by the IMF for much of Wednesday, until Managing Director Christine Lagarde said later in the day she would review the stand-by agreement. Investor concern mounted due to lack of detail about both Macri’s request and the government’s plans to cut its fiscal deficit.

Macri is in a pinch to please investors by cutting spending, while ensuring that the belt-tightening of austerity doesn’t cause social upheaval ahead of next year’s election.

Prices may stabilize at these battered levels, but the electoral impact of this adjustment will be strong,” said Alejo Costa, BTG Pactual Argentina’s chief strategist. “The government tried to contain the political impact with the export taxes, but either way activity will remain depressed."

Terms of Service Violation
 

Omero

Forumer storico
ebbene Fineco ha risposto alla mia mail

..............in merito alla sua richiesta la informiamo che il titolo in oggetto

si configura come PRIIP (Prodotto di investimento al dettaglio

preassemblato) ma al momento è sprovvisto di documento KID pertanto

è possibile acquistarlo solo dagli utenti professionali.


:nnoo:


Molto strano perchè in genere sui titoli trattati su euroltlx loro non rompono le scatole.
Questo titolo è acquistabile perfino da MPS che ha dato interpretazione delirante dei priips
Io proverei a insistere dicendo che se non ti fanno acquistare passi ad altra banca, o ci passi e via
 

waltermasoni

Caribbean Trader
Five Argentine Local And Regional Governments Placed On Watch Negative Following A Similar Action On The Sovereign
  • 03-Sep-2018 13:04 EDT
View Analyst Contact Information

OVERVIEW

  • On Aug. 31, 2018, we placed our 'B+/B' ratings on Argentina on
    CreditWatch negative on risks to implementing economic adjustment
    measures, from pressure on the peso.
  • The combination of persistently high inflation and exchange rate
    pressures could undermine the government's fiscal adjustment strategy and
    increase its debt burden, leading to a downgrade of Argentina.
  • The institutional framework for Argentine provinces remains very volatile
    and underfunded, and we don't believe Cordoba, Buenos Aires, Mendoza, La
    Rioja, or the city of Buenos Aires has sufficient liquidity to withstand
    a sovereign stress scenario.
  • As a result, we're placing our 'B+' ratings on these entities on
    CreditWatch negative, indicating that we could lower them if we were to
    downgrade Argentina.
 

m.m.f

Forumer storico
Five Argentine Local And Regional Governments Placed On Watch Negative Following A Similar Action On The Sovereign
  • 03-Sep-2018 13:04 EDT
View Analyst Contact Information

OVERVIEW

  • On Aug. 31, 2018, we placed our 'B+/B' ratings on Argentina on
    CreditWatch negative on risks to implementing economic adjustment
    measures, from pressure on the peso.
  • The combination of persistently high inflation and exchange rate
    pressures could undermine the government's fiscal adjustment strategy and
    increase its debt burden, leading to a downgrade of Argentina.
  • The institutional framework for Argentine provinces remains very volatile
    and underfunded, and we don't believe Cordoba, Buenos Aires, Mendoza, La
    Rioja, or the city of Buenos Aires has sufficient liquidity to withstand
    a sovereign stress scenario.
  • As a result, we're placing our 'B+' ratings on these entities on
    CreditWatch negative, indicating that we could lower them if we were to
    downgrade Argentina.


Più leggo più mi documento a destra e a sinistra ,saltano fuori sussidi per qualunque cosa. Dai trasporti pubblici ai combustibili a qualunque attività statale e e PRIVATA.Sè vado avanti salterà fuori che anche il primo caffè del mattino è a carico dello stato. Uno schifo vadano dove devono andare ,in 70 anni non lo hanno ancora capito poi si lamentano...
 

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