President of Argentina, Cristina Fernández Kirchner, used her Twitter account on Sunday to celebrate the result of the Greek bailout referendum. The president drew a parallel between the current events in Greece and in Argentina back in 2001. She celebrated the result of the Greek bailout referendum saying it was “an outright victory of Democracy and Dignity. The Greek people have said NO.” The comment came following the preliminary results of the referendum in Greece, in which 61.31% of citizens voted against the conditions of the troika of creditors on behalf of representatives of the European Commission, the European Central Bank (ECB) and International Monetary Fund (IMF). Kirchner drew a parallel between the current events in Greece and in Argentina back in 2001. “We Argentines understand what this is about. We hope Europe and its leaders understand the message of the polls. You cannot demand that anyone sign their own death certificate,” stressed the president. In 2001, Argentina underwent severe social and economic crisis. In ten days the country had five presidents. The government announced the biggest default in history that affected foreign creditors. The country continued to maintain its commitments to the international monetary organization. In 2005 and 2010 Argentina had restructured 93% of its public debt. The Venezuelan President Nicolás Maduro also described the ‘No’ vote as a 'great victory'. “A great victory against financial terrorism from the International Monetary Fund,” blasted Maduro at the end of the country's independence celebrations. Source URL |
