Keep Us Strong WikiLeaks logo

Currently released so far... 97115 / 251,287

Articles

Browse latest releases

Browse by creation date

Browse by origin

A B C D F G H I J K L M N O P Q R S T U V W Y Z

Browse by tag

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
ETRD EAGR ETTC EAID ECON EFIN ECIN EINV ELAB EAIR ENRG EPET EWWT ECPS EIND EMIN ELTN EC ETMIN EUC EZ ET ELECTIONS ENVR EU EUN EG EINT ER ECONOMICS ES EMS ENIV EEB EN ECE ECOSOC EK ENVIRONMENT EFIS EI EWT ENGRD ECPSN EXIM EIAD ERIN ECPC EDEV ENGY ECTRD EPA ESTH ECCT EINVECON ENGR ERTD EUR EAP EWWC ELTD EL EXIMOPIC EXTERNAL ETRDEC ESCAP ECO EGAD ELNT ECONOMIC ENV ETRN EIAR EUMEM ENRGPARMOTRASENVKGHGPGOVECONTSPLEAID EREL ECOM ECONETRDEAGRJA ETCC ETRG ECONOMY EMED ETR ENERG EITC EFINOECD EURM EENG ERA EXPORT ENRD ECONEINVETRDEFINELABETRDKTDBPGOVOPIC EGEN EBRD EVIN ETRAD ECOWAS EFTA ECONETRDBESPAR EGOVSY EPIN EID ECONENRG EDRC ESENV ETT EB ENER ELTNSNAR ECHEVARRIA ETRC EPIT EDUC ESA EFI ENRGY ESCI EE EAIDXMXAXBXFFR EETC ECIP EIAID EIVN EBEXP ESTN EING EGOV ETRA EPETEIND ELAN ETRDGK EAIDRW ETRDEINVECINPGOVCS EPEC ENVI ELN EAG EPCS EPRT EPTED ETRB EUM EAIDS EFIC EFINECONEAIDUNGAGM EAIDAR ESF EIDN ELAM EDU EV EAIDAF ECN EDA EXBS EINTECPS ENRGTRGYETRDBEXPBTIOSZ EPREL EAC EINVEFIN ETA EAGER EINDIR ECA ECLAC ELAP EITI EUCOM ECONEFINETRDPGOVEAGRPTERKTFNKCRMEAID EARG ELDIN EINVKSCA ENNP EFINECONCS EFINTS ECCP ETC EAIRASECCASCID EINN ETRP EAIDNI EFQ ECOQKPKO EGPHUM EBUD ECONEINVEFINPGOVIZ ENERGY ELB EINDETRD EMI ECONEFIN EIB EURN ETRDEINVTINTCS EIN EFIM ETIO ELAINE EMN EATO EWTR EIPR EINVETC ETTD ETDR EIQ ECONCS EPPD ENRGIZ EISL ESPINOSA ELEC EAIG ESLCO EUREM ENTG ERD EINVECONSENVCSJA EEPET EUNCH ECINECONCS ETRO ETRDECONWTOCS ECUN EFND EPECO EAIRECONRP ERGR ETRDPGOV ECPN ENRGMO EPWR EET EAIS EAGRE EDUARDO EAGRRP EAIDPHUMPRELUG EICN ECONQH EVN EGHG ELBR EINF EAIDHO EENV ETEX ERNG ED
KMDR KPAO KPKO KJUS KCRM KGHG KFRD KWMN KDEM KTFN KHIV KGIC KIDE KSCA KNNP KHUM KIPR KSUM KISL KIRF KCOR KRCM KPAL KWBG KN KS KOMC KSEP KFLU KPWR KTIA KSEO KMPI KHLS KICC KSTH KMCA KVPR KPRM KE KU KZ KFLO KSAF KTIP KTEX KBCT KOCI KOLY KOR KAWC KACT KUNR KTDB KSTC KLIG KSKN KNN KCFE KCIP KGHA KHDP KPOW KUNC KDRL KV KPREL KCRS KPOL KRVC KRIM KGIT KWIR KT KIRC KOMO KRFD KUWAIT KG KFIN KSCI KTFIN KFTN KGOV KPRV KSAC KGIV KCRIM KPIR KSOC KBIO KW KGLB KMWN KPO KFSC KSEAO KSTCPL KSI KPRP KREC KFPC KUNH KCSA KMRS KNDP KR KICCPUR KPPAO KCSY KTBT KCIS KNEP KFRDCVISCMGTCASCKOCIASECPHUMSMIGEG KNNB KGCC KINR KPOP KMFO KENV KNAR KVIR KDRG KDMR KFCE KNAO KDEN KGCN KICA KIMMITT KMCC KLFU KMSG KSEC KUM KCUL KMNP KSMT KCOM KOMCSG KSPR KPMI KRAD KIND KCRP KAUST KWAWC KTER KCHG KRDP KPAS KITA KTSC KPAOPREL KWGB KIRP KJUST KMIG KLAB KTFR KSEI KSTT KAPO KSTS KLSO KWNN KPOA KHSA KNPP KPAONZ KBTS KWWW KY KJRE KPAOKMDRKE KCRCM KSCS KWMNCI KESO KWUN KPLS KIIP KEDEM KPAOY KRIF KGICKS KREF KTRD KFRDSOCIRO KTAO KJU KWMNPHUMPRELKPAOZW KEN KO KNEI KEMR KKIV KEAI KWAC KRCIM KWCI KFIU KWIC KCORR KOMS KNNO KPAI KBWG KTTB KTBD KTIALG KILS KFEM KTDM KESS KNUC KPA KOMCCO KCEM KRCS KWBGSY KNPPIS KNNPMNUC KWN KERG KLTN KALM KCCP KSUMPHUM KREL KGH KLIP KTLA KAWK KWMM KVRP KVRC KAID KSLG KDEMK KX KIF KNPR KCFC KFTFN KTFM KPDD KCERS KMOC KDEMAF KMEPI KEMS KDRM KEPREL KBTR KEDU KNP KIRL KNNR KMPT KISLPINR KTPN KA KJUSTH KPIN KDEV KTDD KAKA KFRP KWNM KTSD KINL KJUSKUNR KWWMN KECF KWBC KPRO KVBL KOM KFRDKIRFCVISCMGTKOCIASECPHUMSMIGEG KEDM KFLD KLPM KRGY KNNF KICR KIFR KM KWMNCS KAWS KLAP KPAK KDDG KCGC KID KNSD KMPF KPFO KDP KCMR KRMS KNPT KNNNP KTIAPARM KDTB KNUP KPGOV KNAP KNNC KUK KSRE KREISLER KIVP KQ KTIAEUN KPALAOIS KRM KISLAO KWM KFLOA
PHUM PINR PTER PGOV PREL PREF PL PM PHSA PE PARM PINS PK PUNE PO PALESTINIAN PU PBTS PROP PTBS POL POLI PA PGOVZI POLMIL POLITICAL PARTIES POLM PD POLITICS POLICY PAS PMIL PINT PNAT PV PKO PPOL PERSONS PING PBIO PH PETR PARMS PRES PCON PETERS PRELBR PT PLAB PP PAK PDEM PKPA PSOCI PF PLO PTERM PJUS PSOE PELOSI PROPERTY PGOVPREL PARP PRL PNIR PHUMKPAL PG PREZ PGIC PBOV PAO PKK PROV PHSAK PHUMPREL PROTECTION PGOVBL PSI PRELPK PGOVENRG PUM PRELKPKO PATTY PSOC PRIVATIZATION PRELSP PGOVEAIDUKNOSWGMHUCANLLHFRSPITNZ PMIG PREC PAIGH PROG PSHA PARK PETER POG PHUS PPREL PS PTERPREL PRELPGOV POV PKPO PGOVECON POUS PGOVPRELPHUMPREFSMIGELABEAIDKCRMKWMN PWBG PMAR PREM PAR PNR PRELPGOVEAIDECONEINVBEXPSCULOIIPBTIO PARMIR PGOVGM PHUH PARTM PN PRE PTE PY POLUN PPEL PDOV PGOVSOCI PIRF PGOVPM PBST PRELEVU PGOR PBTSRU PRM PRELKPAOIZ PGVO PERL PGOC PAGR PMIN PHUMR PVIP PPD PGV PRAM PINL PKPAL PTERE PGOF PINO PHAS PODC PRHUM PHUMA PREO PPA PEPFAR PGO PRGOV PAC PRESL PORG PKFK PEPR PRELP PREFA PNG PGOVPHUMKPAO PRELECON PINOCHET PFOR PGOVLO PHUMBA PRELC PREK PHUME PHJM POLINT PGOVPZ PGOVKCRM PGOVE PHALANAGE PARTY PECON PEACE PROCESS PLN PRELSW PAHO PEDRO PRELA PASS PPAO PGPV PNUM PCUL PGGV PSA PGOVSMIGKCRMKWMNPHUMCVISKFRDCA PGIV PRFE POGOV PEL PBT PAMQ PINF PSEPC POSTS PHUMPGOV PVOV PHSAPREL PROLIFERATION PENA PRELTBIOBA PIN PRELL PGOVPTER PHAM PHYTRP PTEL PTERPGOV PHARM PROTESTS PRELAF PKBL PRELKPAO PKNP PARMP PHUML PFOV PERM PUOS PRELGOV PHUMPTER PARAGRAPH PERURENA PBTSEWWT PCI PETROL PINSO PINSCE PQL PEREZ PBS

Browse by classification

Community resources

courage is contagious

Viewing cable 09BUENOSAIRES1121, ARGENTINA ECONOMIC AND FINANCIAL REVIEW, OCTOBER

If you are new to these pages, please read an introduction on the structure of a cable as well as how to discuss them with others. See also the FAQs

Understanding cables
Every cable message consists of three parts:
  • The top box shows each cables unique reference number, when and by whom it originally was sent, and what its initial classification was.
  • The middle box contains the header information that is associated with the cable. It includes information about the receiver(s) as well as a general subject.
  • The bottom box presents the body of the cable. The opening can contain a more specific subject, references to other cables (browse by origin to find them) or additional comment. This is followed by the main contents of the cable: a summary, a collection of specific topics and a comment section.
To understand the justification used for the classification of each cable, please use this WikiSource article as reference.

Discussing cables
If you find meaningful or important information in a cable, please link directly to its unique reference number. Linking to a specific paragraph in the body of a cable is also possible by copying the appropriate link (to be found at theparagraph symbol). Please mark messages for social networking services like Twitter with the hash tags #cablegate and a hash containing the reference ID e.g. #09BUENOSAIRES1121.
Reference ID Created Released Classification Origin
09BUENOSAIRES1121 2009-10-09 16:46 2011-08-25 00:00 UNCLASSIFIED//FOR OFFICIAL USE ONLY Embassy Buenos Aires
VZCZCXYZ0009
RR RUEHWEB

DE RUEHBU #1121/01 2821646
ZNR UUUUU ZZH
R 091646Z OCT 09
FM AMEMBASSY BUENOS AIRES
TO RUEHC/SECSTATE WASHDC 4467
INFO RUEHWH/WESTERN HEMISPHERIC AFFAIRS DIPL POSTS
RUEHSO/AMCONSUL SAO PAULO 3965
RUEATRS/DEPT OF TREASURY WASHINGTON DC
RUEAIIA/CIA WASHINGTON DC
RUCPDOC/DEPT OF COMMERCE WASHINGTON DC
RHEHAAA/NATIONAL SECURITY COUNCIL WASHINGTON DC
UNCLAS BUENOS AIRES 001121 
 
SENSITIVE 
SIPDIS 
 
E.O. 12958: N/A 
TAGS: EAIR ECON EFIN EINV ELAB ETRD AR
SUBJECT: ARGENTINA ECONOMIC AND FINANCIAL REVIEW, OCTOBER 
2-8, 2009 
 
1.  (U) Provided below is Embassy Buenos Aires' Economic and 
Financial Review covering the period October 2-8, 2009.  The 
unclassified email version of this report may include tables 
and charts tracking Argentine economic developments.  Contact 
Econ OMS Megan Walton at WaltonM@state.gov to be included on 
the email distribution list.  This document is sensitive but 
unclassified.  It should not be disseminated outside of USG 
channels or in any public forum without the written 
concurrence of the originator.  It should not be posted on 
the internet. 
 
--------------------------------------------- - 
Nominal September Tax Collection up 9.8% y-o-y 
--------------------------------------------- - 
 
2.  (SBU) The GOA announced October 2 that September tax 
collection increased 9.8% y-o-y to ARP 26.2 billion.  While 
this was in line with the BCRA consensus survey estimate of 
ARP 26.3 billion, the increase was negative in real terms 
after taking into account an annual inflation rate that most 
private analysts estimate in the range of 14-16%.  In spite 
of the disappointing result, September's increase is more 
than twice the extremely poor August increase of 4.2% y-o-y. 
In a press release, the GOA touted the result, explaining 
that the strength of the domestic economy plus the measures 
enacted by the GOA to counter the impact of the international 
financial crisis have generated higher than expected tax 
revenues.  The main drivers of September's collection were: 
social security administration revenues, VAT, and fuel taxes. 
 Export tax revenues dropped 42% y-o-y due mainly to the fall 
of international commodity prices as well as a reduction in 
export volume.  Year-to-date, tax collection increased 12% 
y-o-y to ARP 224 billion. 
 
--------------------------------------------- ---- 
Discussions Regarding IMF Article IV Consultation 
--------------------------------------------- ---- 
 
3.  (U) Minister of Economy Amado Boudou met with senior IMF 
officials on the margins of the IMF/WB meetings.  According 
to press reports, the GOA appeared to move closer to 
accepting an IMF Article IV consultation some time during the 
first quarter of 2010.  However, in later press statements, 
the Minister indicated that such a potential IMF visit would 
not involve a discussion of policies, but would be strictly 
technical and low profile.  Boudou is expected to meet the 
IMF Managing Director Dominique Strauss-Kahn again in early 
November to work out the details of the potential IMF visit. 
 
------------------------------------ 
U.S. Judge Rules in Favor of the GOA 
------------------------------------ 
 
4.  (U) On September 30, U.S. District Court Judge Thomas 
Griesa of the Southern District of New York vacated previous 
orders that would have allowed NML Capital to attach assets 
of Argentina's state-owned Banco Nacion (BNA).  NML is the 
New York-based affiliate of the Elliott Management investment 
partnership, which reportedly holds claims of about USD one 
billion worth of defaulted Argentine debt and did not 
participate in the 2005 debt restructuring.  In his ruling, 
Griesa upheld the GOA's argument that BNA is not a proxy for 
the GOA. 
 
--------------------------------------- 
August Wage Index Increases 1.48% m-o-m 
--------------------------------------- 
 
5.  (U) The National Bureau of Statistics (INDEC) announced 
October 1 that the wage index increased 1.48% m-o-m in 
August, slightly below expectations of 1.70% (measured by the 
BCRA survey).  This index defines wages as a price, without 
considering hours worked or special payments for productivity 
gains.  It surveys the private and public sectors, where 
salaries rose 1.69% and 1.15%, respectively.  The wage index 
increased a cumulative 11% in the first eight months of the 
year.  The BCRA consensus survey forecasts a 15% increase in 
the wage index for 2009 and 13% for 2010.  Local media 
reported that salary negotiation agreements increased 18% on 
average so far in 2009, slightly less than the average wage 
negotiation increase of 19.5% agreed to in 2008. 
 
--------------------------------------------- -------------- 
Government Confidence Index Up 10% m-o-m but Down for Year 
--------------------------------------------- -------------- 
 
 
6.  (U) The Government Confidence Index increased 10% m-o-m 
in September to 1.22 points; however, it is 1.26 points below 
the average during the Nestor Kirchner administration and 
0.69 points below the average of the series (which dates back 
to the beginning of 2002).  Ratings on the honesty of GOA 
officials increased 15% m-o-m and remained the factor 
generating the highest level of confidence, followed by the 
GOA's ability to solve citizens' problems, which increased 6% 
m-o-m.  Opinion with regard to the efficiency of public 
spending and the GOA's general performance were the factors 
generating the lowest confidence levels in September.  The 
index decreased 15% y-o-y and has decreased an accumulated 
11% since the beginning of the year.  (Note: The Government 
Confidence Index is a survey-based index prepared by Di Tella 
University.  It goes from zero to five points and seeks to 
measure public opinion of the GOA's general performance, 
efficiency of public spending, honesty of GOA officials, and 
the government's ability to solve problems.  End Note). 
 
 
 
 
 
 
 
 
MARTINEZ