Bed Elevators For Snoring

Political bickering about money

Cristina Kirchner is from the central bank chief. A judge moved him back to his post. Will the government come in time for their money?


As yet everything was good: central bank chief Redrado and Cristina Kirchner.

Camilla Landbö, Buenos Aires

Martín Redrado sat down on Friday in the central bank back on the executive chair. A federal judge had made his dismissal by President Cristina Kirchner reversed. In addition, the lawyer stopped a withdrawal of foreign reserves - a cash payment which was adopted by the Argentine head of state also determined by decree. The government needs the money to pay foreign debt. The dispute comes to a head.

At the current Polithickhack turns in the end everything just to pay Argentina's credibility to foreign investors. The country wants to return to the international financial markets. As long as it is not the Old Believers debt paid, it can not issue new government bonds. In the next few days in the U.S., a round of negotiations between Argentina and Anleihgläubigern would be planned. These include a number of German private investors who have been waiting since the 2001-02 economic crisis in Argentina that its bonds are paid. Buenos Aires provides for a debt rescheduling agreements with new bonds. In order to appear credible, it must at least match the state treasury.

The Argentine government wanted to bring to the negotiation round its problematic state budget in order. In the current year, it provides that, pay off around $ 13 billion debt at home and abroad. But in addition it lacks some 6.5 billion dollars in the till. That money would now the central bank chief Redrado by around 48 billion dollar currency reserves on the account of the debt service from the Ministry of Economic Affairs should be transferred. However: Redrado refused. He pointed to the central bank independence and the fact that such a transfer of money requires the approval of Parliament and can not be claimed by decree.

Annoyed whether the stubborn Attitude Redrados Cristina Kirchner on Wednesday asked for his resignation. "I do not resign," said the central bank chief rebel. The president lost his temper entirely, and put him on Thursday by a decree from short. Redrado called on the judiciary, this was unconstitutional. On Friday he gave the Federal Judge José María Sarmiento . They also froze the currency reserves, for the time being - at the request of the opposition.

The government will appeal against the orders of Sarmiento. Unsuccessful. According to the Head of Cabinet Aníbal Fernández even the federal police had searched everywhere on Friday after the Federal judge. "A ridiculous situation," said Fernández outraged. The Sarmiento on Saturday gave its comments on the media. She was in service again until Monday. At the same time she assured that she was very probably have been reached, the government of putting pressure on them. "With me is now around the Clock, a police car outside the door, but I have not asked for an audit."

The time of the government of Cristina Kirchner is running out. The Parliament is to March in the summer. An extraordinary meeting could indeed be called. In Parliament, however, the opposition holds a majority.