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Old 29th Feb 2012, 12:21
  #710 (permalink)  
HTB
 
Join Date: Jun 2005
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This extract is from the Daily Telegraph on-line, under the "comment" tab, with the big byline:

Hit Argentina where it hurts – in the wallet

Despite the Falklands sabre-rattling, British aid to Buenos Aires continues to flow.

Did you know that your taxes are supporting loans going to Argentina? As President Cristina Fernandez de Kirchner continues to make waves over the sovereignty of the Falklands, the British Government continues to vote through billions of pounds in international aid to her country, primarily through the World Bank and the EU. According to a poll by ComRes, of those few British adults who are aware of such expenditure, barely 6 per cent support it.

Barack Obama’s administration certainly isn’t in favour of such action. It has started voting against loans to Argentina from international financial institutions, and is looking for allies in its tough stance. Britain should be first in line…

…the ease with which Argentina has flouted its obligations encourages its government to think it is able to behave however it chooses. But if Britain were to take action and stand up to Argentina financially – by, for example, joining the Obama administration in voting against World Bank loans for the country – it would send a strong message that its G20 partners are no longer willing to overlook irresponsible behaviour. You never know, it might even stop the sabre-rattling over the Falklands as well.

Nancy Soderberg was a senior US diplomat, and is co-chair of the American Task Force Argentina

That's the top and tail of it; there's plenty more illustrating the Argentine government's caballero aproch to world finance. Perhaps we should get alongside the USA's Irish president - Barry O'bama - to give 'em a financial slap (and don't forget, "it was the Sun wot won it!").

Mister B
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