Sunday, April 22, 2012

One More Tidbit About Argentina and Brazil

Argentina is trying to steal an oil company.

Brazil is threatening one with stiff penalties.

But, even the Brazilians think the Argentinean government is nuts:

“Argentina’s capacity to err seems unlimited,” said Míriam Leitão, one of Brazil’s most influential columnists on economic issues …

… “Crazy queen” was how one prominent Brazilian humor columnist described Mrs. Kirchner this week.

In a different tone, Chile’s economy minister, Pablo Longueira, said the nationalization could be harmful for Latin America as a whole, turning it into a “less trustworthy region” compared with Asia. “Capital flows exit to those places where there is more investor confidence,” he told Reuters.

Drawn from an article entitled “In Brazil and Elsewhere, Dismay at Argentina’s Nationalization Move” in the Apirl 16 issue of The New York Times.

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