“Only in Argentina” is a phrase Argentines use as an auto-critique for the stranger things that happen in their country. It’s often trotted out to explain away events that can sometimes leave outsiders rather bemused.
I had an “only in Argentina” moment while catching up on the news tonight. With Pablo Neumeyer’s excellent argument on INDEC inflation tampering…
…still fresh in my mind, I came across this piece of news in Argentina’s esteemed “La Nacion”.
For Spanish speakers, it is well worth reading the whole article to get a better feel, but in essence today there was a protest march in downtown Buenos Aires by supporters of the present Kirchner administration. The march protested in front of financial institutions such as the local offices of Citibank, HSBC, Banco Santander and Allianz. The reason for the march; to protest about how these institutions sold Argentine bonds as an apparent reaction to the tampered INDEC inflation numbers.
The quote I would most like to share comes from the protest leader and Kirchner loyalist, a certain Jorge “Quito” Aragón, who said (translated);
“The motive (for this march) is not to allow the financial system to pressure the government into raising inflation.”
I had to read it three times. We can deduce from this:
1) The current administration picks and chooses its inflation rate. 2) Financial institutions are brazenly pressuring the government into being honest. 3) People that lend Argentina money are the root cause of its problems. 4) Foreign investors are welcome to buy Argentine bonds but risk picket lines if they want to sell them into a free market.
Tell me, is there an election coming up soon?