Argentina cancels international sporting events due to Coruna – Athletic – International stadiums

The Argentine government said today, Wednesday, that it had canceled international sporting events scheduled on its territory in March to curb the spread of the Corona virus.

Among the events affected by this decision were the South American Swimming Championships, an international fencing tournament, a qualifying championship for the boxing competition at the Tokyo Olympics 2020 and a continental athletics meeting.

Football matches in the Libertadores Cup, the Copa Sudamericana Cup and World Cup qualifiers scheduled for Argentina at the end of the month were not affected by this decision so far.

The decision comes on the same day the Confederation of South America announced that the Libertadores Cup and the Sudamericana Cup in Paraguay will be held without an audience in the next two weeks, in line with a government decision in Paraguay.

The FIFA said the FIFA would decide on the possibility of delaying ten matches in the South American World Cup qualifiers, scheduled for March 26-31.

The qualifiers include matches for Argentina and Brazil on their home soil.
Argentina has revealed 19 cases of coronavirus and one death so far.

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Kuwaiti newspaper newspaper Argentina and how to avoid a global financial disaster

Argentina’s current debt holds an average interest rate of 7%, which is seven percentage points higher than the zero interest that Germany paid on its government bonds for 30 years, and nearly six points for the 1.2% interest paid by the US Treasury, and Argentina noted that an interest rate of 7% It will necessarily result in default.

When one car slides down an icy road, fifty cars can crash, and this is what happens with the international financial markets, as Mexico’s failure to pay debts in 1982 led to the accumulation of debt of dozens of countries, and the devaluation of Thailand caused July 1997, the Asian financial crisis, and the bankruptcy of Lehman Brothers in September 2008, triggered a Great Recession worldwide.

The IFIs must be smarter than starting with the collapse of 2020 due to Covid 19, and their wisdom will be tested soon.

Argentina was experiencing a debt crisis again, even before Covid-19 plunged the world economy into its worst economic recession since the Great Depression, and as has often happened in the history of defaults in Argentina, has proven an ill-conceived agreement with rebel creditors. In 2016, which was followed by a rapid return to bond markets, it was a dream of the then president of Argentina, and the country’s creditors.

The fiscal deficit undermined stability, as the 2018 bailout failed to succeed with the International Monetary Fund, and Argentine debt, which has very high interest rates, proved unsustainable.

Yet Argentina was not the only borrower, with lenient lending standards thanks to financial markets, and as a result of ample liquidity pumped by the Federal Reserve and other central banks, many developing countries to borrow heavily in recent years, and it was increasingly recognized that distress Sovereign debt is a major comprehensive risk, and a session at the 2019 IMF Spring Meetings was entitled “Addressing the Next Wave of Sovereign Debt Crises”.

In the context of Covid-19, the collapse of oil prices in March, the start of the near-global closure, the decline in government revenues, and the huge public spending for the survival of the population, led to an unprecedented global financial crisis in peacetime, and the US budget deficit will increase About 18 percent of GDP, or higher, and for many emerging economies, the financial picture cannot be darker.

But even in this context, Argentina made a realistic and appropriate offer to restructure its debt to its creditors, and its creditors must respond positively to it. Here are the details of the offer:

Argentina’s current debt holds an average interest rate of 7 percent, which is nearly seven percentage points higher than the zero interest that Germany paid on its government bonds for 30 years, and nearly six points from the 1.2 percent interest paid by the US Treasury, and Argentina noted Indeed, a 7 percent interest rate would necessarily result in default. The International Monetary Fund has agreed that it is unsustainably high, with hardly any governments – including the United States – able to bear a 7 percent interest rate in this economic environment.

Argentine creditors say they need an interest rate of 7 percent, or even higher, because of the possibility of defaults, but they seem to be unaware that if Argentina’s interest rate is lowered to approach the US interest rate, defaults will not necessarily happen And the high interest rate of 7 percent is a self-fulfilling prophecy: it makes defaults inevitable, while that will not necessarily happen if the interest rate is low.

Argentina proposed to refinance existing debt with low safe interest rates, thus avoiding the need for a “reduction” in the capital. (In fact, in line with Argentine law, the offer of exchange includes a small symbolic reduction of the face value of debt, which, in my view, should be canceled in any final deal) Similar to the mortgage refinancing process, existing bonds will be replaced by bonds that reflect low interest rates Today, however, instead of an interest rate equal to the price of US treasury bonds, Argentina offers an interest rate of 2.3 percent, higher than the yields of the treasury bonds in its creditors ’portfolios, and there are details of the grace periods, and the time paths of interest performance operations that must be negotiated and refined, And put the finishing touches on it, in light of the horrific and evolving economic facts.

But the creditors ’phases are strange. They claim that Argentina imposes a significant reduction in the value of the debt, although it is not essentially available. The Argentine government proposes a safe return that is higher than the safe interest rate of the United States, and its offer is logically correct. Causes the risk of default? Why do creditors prefer Argentina’s default on its economic recovery?

Creditors calculate the alleged debt undervaluation in Argentina’s offer using a 10-12 percent discount rate, as if they deserve a risk-free return of 10 percent or higher, when the US Treasury rate is just above 1 percent, and the press is keeping pace In these financial circumstances, it indicates, motivated by a sense of duty, that Argentina imposes a significant reduction on creditors, while it does not do so. In fact, Argentina is reducing the interest rate at risk of default to an interest rate that will not cause this.

And I will add another point, some friendly official creditors, or multilateral institutions, can improve the deal by guaranteeing some or all of Argentina’s payments on new bonds, and such a guarantee will be a completely safe bet: with a low interest rate, and a new maturity structure, Argentina will not default Payment.

And often the global financial markets are in a state of panic when one country, not to mention many countries, begins to slip, as it is possible that there are 30 to 40 countries suffering severe financial stress now, and all these countries need to refinance their debts this year and next year, Until the recovery from the epidemic restores global economic activity, restores government revenues, and reduces the need for emergency expenditures.

In such cases, collective rationality in financial markets requires guidance from the International Monetary Fund, and the leadership of a number of major creditors. Otherwise, this will lead to a creditors’ race to extract assets. Each creditor says to the other: “You refinance the debt while I receive the payment, thanks is yours”.

If debt service payments for this year are dealt with cautiously, they can be recapitalized, at low interest rates, but in order to avoid financial accumulation, and if not, 2020 will represent a new and destructive episode of the global financial crisis.

When banks panicked in 1907, it was J. Perponte Morgan and his bank who led the financial system away from the brink, and in 2020 the leader must be BlackRock, which was managing $ 6.5 trillion in assets at the end of The first quarter of the fiscal year, which is one of Argentina’s major creditors, and Black Rock could direct the bondholders to refinance Argentina’s debt at a safe interest rate, and do the same with other sovereign borrowers, who are suffering from the epidemic.

It’s your turn, Larry Fink, to help prevent a global financial disaster.

* Jeffrey D. Sachs

* Professor of sustainable development, professor of health policy and management at Columbia University, director of the Colombia Center for Sustainable Development and director of the United Nations Sustainable Development Network.

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Turkish music is flying over Argentina

Buenos Aires / Mehmed Amin Janic / Anatolia

Turkish musician Sirkan Yilmaz arrived in Argentina 15 years ago
Yilmaz is organizing training courses in Argentina to teach Turkish music
Learn Yilmaz playing the guitar on his own
– He managed to compose 5 music albums, and hold a concert in Japan

From Ankara to the skies of Buenos Aires, Turkish music has been flying with unique tunes for 15 years, by Turkish musician Sirkan Yilmaz, who arrived in Argentina to participate in a concert, to settle in and change his life after that completely.

Yilmaz is organizing training courses in Argentina to teach Turkish music.

“I started learning the rules of music at the age of twenty,” Yilmaz said in an interview with Anatolia.

He continued: “I wish I had started learning music in childhood, but the opportunity did not help me then … I have been very fascinated by guitar since I first saw it.”

** Learn to play guitar alone

He pointed out that his father gave him the first guitar that accompanied him, and that he learned to play this musical instrument himself, as he trained on notes for 8-12 hours a day.

Yilmaz noted that “his relationship with guitar has never been broken for 23 years, and that he is currently organizing concerts and giving lessons in playing it.”

He continued: “I used to go to the Turkish Bilkent University (based in Ankara), and borrow some notes from students of the music department, and I study these notes alone at home.”

He explained that he tried to take lessons at an institute of music in Argentina, but he was unable to withstand much because he was advancing very quickly, while the management of the institute did not allow him to pass the tests without committing to take lessons.

** An invitation that changed his life

Yilmaz said he came to Argentina 15 years ago, at the invitation of musician Juan Fallo, one of the most important names in the field of popular music in the country.

He continued: “Fallow invited me to Argentina after he listened to audio recordings of a group of my songs, and invited me to participate in one of the festivals in Argentina.”

He added: “This was the main reason I came to Argentina, as well as I loved visiting Latin America.”

Yilmaz emphasized that he did not come to Argentina with the aim of settling, but rather to participate in a concert that was organized within the framework of a week-long festival, but his life changed after that date.

He continued, “The festival is over and it is time for me to return to Turkey. This country was very interesting to me and surprising at the same time.”

And he added: “I was very surprised that the people in Argentina were very open to art and music, so I loved this country and decided to stay in it.”

On his decision to settle in Argentina, Yilmaz said: “I have been living in Argentina for 15 years and are very satisfied with this decision that changed my life.”

The Turkish musician indicated that he met in Argentina with great musicians and learned from them a lot of wonderful information and methods of music in Latin America.

He also got used to life in Argentina day after day and merged with the country’s population.

** Argentine interest in Turkish music

Yilmaz noted that Argentines have a great interest in Turkish music, noting that he opened a course to teach his country’s music in Buenos Aires.

He noted that “many professional musicians in Argentina participate in the session to see information about Turkish music that they like a lot.”

He said: “When they hear the sounds of playing the flute, the classic violin or the oud, they don’t stop expressing their admiration for this style of music and they seek to learn more about it.”

Yilmaz also indicated that he worked in Argentina to compose a group of musical compositions, in addition to playing guitar.

He concluded: “I managed in Argentina to compose 5 music albums, and during the past year she held a concert in Japan, in addition to reviving several concerts in 6 Turkish cities.”

The news, published on the official page of the Anatolia Agency, is an abbreviation of a portion of the news that is displayed to subscribers via the news flow system (HAS). To subscribe to the agency, please contact the following link.

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Sea lions expand in Argentina .. at the expense of Corona

Source: Mar del Plata (Argentina) – AFP

Sea lions, often seen on the shores of South Latin America, took advantage of isolation measures imposed on humans by the emerging Corona virus, to relax in the resort of Mar del Plata on the west coast of Argentina.

Vacationers used to see the sea lions on the coast of the city of 750 thousand people, located 400 kilometers southwest of Buenos Aires, but they are investing in this unique situation to go further on land.

Their crawl increased towards urbanization

They can now be seen playing in the parking lots or in front of closed souvenir shops.

“Because of the house quarantine, the streets were empty of people, so sea lions ventured to move away a little from their usual place,” said Juan Lorenzani, president of the Fona Argentina Foundation.

These mammals are accustomed to the hustle and bustle of the city, which welcomes thousands of tourists all year round, and is now enjoying an unprecedented calm since 20 March, when compulsory isolation was imposed on 44 million Argentines.

“These animals weigh between 350 and 500 kilograms of the largest size,” Lorenzani said, explaining that they have “the ability to control the temperature of their bodies, and seek protection from the wind.”

Commenting on the issue on the street, Jorge Persio said, as he went shopping, “The animals are taking advantage of the situation to enjoy more comfort.”

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Argentina .. A prison riot after wounding Corona

A group of prisoners ascended to the roof of the building and burned a number of curtain covers, throwing objects at the guards who tried to push them back.

The authorities did not comment on the riots, nor did they give details of possible injuries.

Prisoners could be heard screaming, demanding a judge to hear their case and provide better protection against the epidemic, days after confirmation of a prison warden with HIV.

It read on a banner hung on the roof of the prison: “Coved 19 in Devoto, the genocide judges,” while another on it read “We refuse to die in prison.”

Several other riots erupted in prisons last week, including in Florencio Varela in the Buenos Aires region, where a prisoner died and 20 were injured.

Argentina has imposed quarantine measures since March 20, and has recorded more than 3,400 infections and 167 deaths from the Coronavirus.

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The correspondents of “France Press” at the place, that the police cordoned off the “Villa Divuto” prison, which includes about 2,200 inmates in the Argentine capital, while explosions were heard.

A group of prisoners ascended to the roof of the building and burned a number of curtain covers, throwing objects at the guards who tried to push them back.

The authorities did not comment on the riots, nor did they give details of possible injuries.

Prisoners could be heard screaming, demanding a judge to hear their case and provide better protection against the epidemic, days after confirmation of a prison warden with HIV.

It read on a banner hung on the roof of the prison: “Coved 19 in Devoto, the genocide judges,” while another on it read “We refuse to die in prison.”

Several other riots erupted in prisons last week, including in Florencio Varela in the Buenos Aires region, where a prisoner died and 20 were injured.

Argentina has imposed quarantine measures since March 20, and has recorded more than 3,400 infections and 167 deaths from the Coronavirus.

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A sudden Argentine decision “saves” Maradona

Tapia justified the measures to stop the league permanently for the necessity of easing the economic burdens under which the clubs are suffering, which are considered non-profit institutions in Argentina.

The quarantine measures in Argentina, decided by the local government on March 20, will continue until at least May 10.

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“We will drop the curtain on the league and choose the teams that will participate in the continental competitions next season,” Tapia said in an interview with “TNT”.

The federation also announced that the landing principle will not be adopted this season, and the season that follows.

The Gymnasia e Esgrima de la Plata club, supervised by Argentine superstar Diego Maradona, is nineteenth out of 24 teams, will remain first.

Tapia justified the measures to stop the league permanently for the necessity of easing the economic burdens under which the clubs are suffering, which are considered non-profit institutions in Argentina.

The quarantine measures in Argentina, decided by the local government on March 20, will continue until at least May 10.

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Argentina .. a protest in the shadow of Corona

Buenos Aires / Anatolia

On Thursday, a group of people organized a protest in the Argentine capital, Buenos Aires, to express their opposition to the economic emergency bill, taking into account the measures taken to combat the Coruna virus.

Participated in the stand, which was called by left-wing groups and different unions, teachers and workers in the health sector and others, according to Anatolia correspondent.

The reporter explained that during the sit-in, protesters wore gags and observed the rules of social separation, in light of the general isolation measures imposed in the country since March 20 due to the outbreak of the Coruna virus.

He pointed out that the participants gathered in front of the Legislative Council of the Argentine capital, Buenos Aires, which is autonomous, in protest against the draft economic emergency law that includes various measures, including freezing wages.

Speaking to Anatolia, one of the protesters said that the pause comes to demand better working conditions in order to provide better services to people in light of the epidemic.

“As health care professionals, we work in public hospitals, and unless the state provides protection for us, we will not be able to provide services to people well,” he added.

For its part, one of the teachers participating in the sit-in expressed her rejection of the bill to cut salaries and pay them in installments.

The number of deaths due to Corona virus in Argentina, 273 cases, while the number of infections reached 5 thousand and 208.

The Argentine government has extended the general isolation, imposed in the country since March 20, until next Sunday.

The news, published on the official page of the Anatolia Agency, is an abbreviation of a portion of the news presented to subscribers via the news flow system (HAS). To subscribe to the agency, please contact the following link.

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Argentina .. a protest in the shadow of Corona

Buenos Aires / Anatolia

On Thursday, a group of people organized a protest in the Argentine capital, Buenos Aires, to express their opposition to the economic emergency bill, taking into account the measures taken to combat the Coruna virus.

Participated in the stand, which was called by left-wing groups and different unions, teachers and workers in the health sector and others, according to Anatolia correspondent.

The reporter explained that during the sit-in, protesters wore gags and observed the rules of social separation, in light of the general isolation measures imposed in the country since March 20 due to the outbreak of the Coruna virus.

He pointed out that the participants gathered in front of the Legislative Council of the Argentine capital, Buenos Aires, which is autonomous, in protest against the draft economic emergency law that includes various measures, including freezing wages.

Speaking to Anatolia, one of the protesters said that the pause comes to demand better working conditions in order to provide better services to people in light of the epidemic.

“As health care professionals, we work in public hospitals, and unless the state provides protection for us, we will not be able to provide services to people well,” he added.

For its part, one of the teachers participating in the sit-in expressed her rejection of the bill to cut salaries and pay them in installments.

The number of deaths due to Corona virus in Argentina, 273 cases, while the number of infections reached 5 thousand and 208.

The Argentine government has extended the general isolation, imposed in the country since March 20, until next Sunday.

The news, published on the official page of the Anatolia Agency, is an abbreviation of a portion of the news presented to subscribers via the news flow system (HAS). To subscribe to the agency, please contact the following link.

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Argentine president: Maradona is the president – the athlete – the finish line

Argentine President Alberto Fernandez praised Tango legend Diego Maradona, saying he had never seen a person like him, calling him amazing.

And the transfer of Barcelona account on Twitter said the president of Argentine: I have not seen anyone like Maradona. There is always a comparison between Messi and Maradona, but it is an unfair comparison, because they are two different players in different times.

He added: Maradona had the strength and the ability, and he was the president, it was great to watch him, he is amazing.

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Argentine president: Maradona is the president – the athlete – the finish line

Argentine President Alberto Fernandez praised Tango legend Diego Maradona, saying he had never seen a person like him, calling him amazing.

And the transfer of Barcelona account on Twitter said the president of Argentine: I have not seen anyone like Maradona. There is always a comparison between Messi and Maradona, but it is an unfair comparison, because they are two different players in different times.

He added: Maradona had the strength and the ability, and he was the president, it was great to watch him, he is amazing.

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