Showing posts with label Argentinean government. Show all posts
Showing posts with label Argentinean government. Show all posts

Thursday, March 07, 2013

Back to Being Human!

The actress who started the size-zero craze in Bollywood, has suddenly turned into a foodie. These days Kareena can’t stop raving about food. The actress is gaining weight for an upcoming movie and is really enjoying herself. She says that she can’t live without food even for a day and admits food is more important to her than even her would-be husband! Kareena loves cooking and given the chance would want to cook for Prez Obama! Now, that’s a new side of Kareena!


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

Tuesday, November 27, 2012

The Pampas are drying again!

With bond buyback Argentina raises fears of another economic collapse

Dry winds are all over the Pampas once again! And interestingly it’s the same that swept away most of it in 2001. Remember the $95 billion default (largest by any country) by the Argentinean government on its bonds that led to the devastating financial collapse! The reminiscences of it still sends shivers down the spines of many! Well, the same doubts are growing over Argentina’s creditworthiness, yet again!

Though the Argentinean government is already into its third week of a debt buyback programme (has bought back $430 million worth of its 2008 and 2009 bonds) to bolster investor confidence, but it hasn’t been of much help. “Bond buyback by government has boosted some investors’ confidence. But still a lot more needs to be done to restore Argentina’s lost credibility,” P. B. Henry, Professor at Stanford University and an expert of Argentinean issues tells B&E. Certainly at 50% (an estimated $140 billion) of GDP (market exchange rate), Argentina’s public debt is still large.


Source : IIPM Editorial, 2012.

For More IIPM Info, Visit below mentioned IIPM articles.