Argentina's Fernandez celebrates Greece's "No" to creditors

[Judi Lynn]

2. Argentina’s Fernandez celebrates Greece’s “No” to creditors

Argentina’s Fernandez celebrates Greece’s “No” to creditors
July 6th, 2015


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Argentina's President Cristina Fernandez (see here with the Pope) welcomed Greece's referendum result
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World markets may tremble at Sunday’s decision by Greek voters to reject conditions of a rescue deal from creditors, but the leader of Argentina, which suffered a similar crisis more than a decade ago, boldly welcomed the referendum result.

President Cristina Fernandez, known for combatively defending her unorthodox policies, tweeted that Greece’s vote marked “a resounding victory for democracy and dignity.”

There are stark similarities between Argentina’s 2002 financial meltdown and the turmoil in Greece: rigid monetary regimes, creditors battling domestic politics to fix the problem and banking systems at breaking point.

In Greece, 61 percent of voters rejected a deal that would have imposed more austerity on their already ravaged economy.

“The Greek people have said ‘NO’ … to the impossible and humiliating conditions that would be imposed for the restructuring of their debt,” she tweeted. “We Argentines know what this is about. We hope that Europe and its leaders understand the message … that you can’t force anyone to sign their own death warrant.”

More:
http://cyprus-mail.com/2015/07/06/argentinas-fernandez-celebrates-greeces-no-to-creditors/