UN envoy slams anti-Russian sanctions imposed over North KoreaRussian Politics & Diplomacy August 23, 21:29
Criminal case over Ukraine's map without Crimea and Donbass opened in KievWorld August 23, 21:17
Netanyahu says every encounter with Putin benefits Israel’s securityWorld August 23, 19:15
Netanyahu determined to prevent Iran from strengthening positions in SyriaWorld August 23, 18:21
Russia's military might on display at Army-2017 forumMilitary & Defense August 23, 18:20
Russian defense minister examines weapons seized from terrorists in SyriaMilitary & Defense August 23, 18:12
Grand Russian art exhibition to be held in Vatican in 2018Society & Culture August 23, 17:47
Argentinian footballer Emiliano Rigoni signs contract with Russia’s Zenit FCSport August 23, 17:36
German chancellor suggests exerting diplomatic pressure on North KoreaWorld August 23, 17:01
BUENOS AIRES, July 2. /TASS/. Current developments in Greece resemble the situation that Argentina lived through in 2001, President Cristina Fernandez de Kirchner told a local television channel on Monday.
"Greece is currently evidencing the situation of the same type we evidenced in 2001," she said. "Neoliberal policies lead up to impoverishment and unemployment."
Fernandez de Kirchner asked why the International Monetary Fund was not demanding that Greece cut its defence spending of 2.6% of GDP given the dire financial problems. She recalled that 2.6% was more than what Britain was spending for defence.
Greece was serving as a strategic instrument in someone else's hands because of its geographic position in the Mediterranean, she said.
In 2006, Argentina fully paid off its debt of $ 9.8 billion to the IMF and the fact enabled it of make an economy of about $ 1 billion on the interest rates, which would have been accrued by 2008. Fernandez de Kirchner's late spouse Nestor Kirchner, who was Argentine President at the time, said the country had gained greater financial independence thanks to the early debt repayment.
Argentine authorities have more than once criticized 'neoliberal prescriptions of the IMF' and have charged it with the harsh aftermaths of the biggest social and economic crisis in national history that struck Argentina in December 2001. The country had to declare default then.