News,views and opinions on the wonderful Uruguay and exotic Argentina from the banks of the River Plate by David Cummings alias The English Gaucho.

Thursday, April 19, 2012

As All Hell Hits The Fan in Argentina Uruguay Ducks Out !!

Just shows you the world could be ending but if one doesn't have a TV continually tuned into the news (the say its bad for you anyhow) you could miss it. For instance while fishing on the banks of Waterside Cottage these past few days the Argentina (who cares what the world thinks!) Government decided to seize the largest company in the country the petroleum conglomerate YPF due to they say lack of investment. Ok I know I know its not the end of the world but its huge news here. Who knows the real story behind the coup but one thing is for sure it certainly has taken the pressure of the news of the gradual sinking of the Argentina peso which makes its weary route slowly downwards in spite of the Governments attempts to prop it up. Course all who own USA$ dollars in Argentina are laughing all the way to the bank as the country gets a little bit cheaper for them when they change their money on the black market - win some lose some eh. Comments about the coup from Uruguay were quite rightly the sitting on the fence type " we don't intend to get involved in another countries affairs" was one comments from a top Uruguayan politician - quite right too cos insanity could be catching best to duck out and enjoy the fishing.
The fishing is slow this time but the weather is fabulous so who cares
Hasta pronto