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 09BUENOSAIRES1198, ARGENTINE ECONOMY MINISTER: GOA LOOKING FOR U.S.

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. #09BUENOSAIRES1198.
Reference ID Created Released Classification Origin
09BUENOSAIRES1198 2009-11-05 16:36 2011-03-16 05:00 CONFIDENTIAL Embassy Buenos Aires
Appears in these articles:
http://www.lanacion.com.ar/1357832-boudou-reconocio-problemas-en-el-indec
VZCZCXRO0181
PP RUEHAO RUEHCD RUEHGA RUEHGD RUEHHA RUEHHO RUEHMC RUEHMT RUEHNG
RUEHNL RUEHRD RUEHRG RUEHRS RUEHTM RUEHVC
DE RUEHBU #1198/01 3091636
ZNY CCCCC ZZH
P 051636Z NOV 09
FM AMEMBASSY BUENOS AIRES
TO RUEHC/SECSTATE WASHDC PRIORITY 4572
INFO RUEHWH/WESTERN HEMISPHERIC AFFAIRS DIPL POSTS
RUEHBJ/AMEMBASSY BEIJING 0393
RUEHRL/AMEMBASSY BERLIN 1207
RUEHEG/AMEMBASSY CAIRO 0084
RUEHBY/AMEMBASSY CANBERRA 0136
RUEHJA/AMEMBASSY JAKARTA 0079
RUEHLO/AMEMBASSY LONDON 1366
RUEHME/AMEMBASSY MEXICO 1891
RUEHMO/AMEMBASSY MOSCOW 0840
RUEHNE/AMEMBASSY NEW DELHI 0166
RUEHFR/AMEMBASSY PARIS 1543
RUEHSA/AMEMBASSY PRETORIA 0206
RUEHRH/AMEMBASSY RIYADH 0077
RUEHRO/AMEMBASSY ROME 1560
RUEHUL/AMEMBASSY SEOUL 0202
RUEHKO/AMEMBASSY TOKYO 0899
RUEHBS/USEU BRUSSELS
RUEATRS/DEPT OF TREASURY WASHINGTON DC
RUCPDOC/DEPT OF COMMERCE WASHINGTON DC
C O N F I D E N T I A L SECTION 01 OF 03 BUENOS AIRES 001198 
 
SIPDIS 
 
DEPT PLEASE PASS TO TREASURY FOR NLEE/LTRAN/WLINDQUIST; SAO 
PAULO FOR WBLOCK 
 
E.O. 12958: DECL: 11/04/2019 
TAGS: ECON EFIN EIND EINV PINR PREL ETRD AR
SUBJECT: ARGENTINE ECONOMY MINISTER: GOA LOOKING FOR U.S. 
SUPPORT 
 
REF: (A) BUENOS AIRES 1161 (B) BUENOS AIRES 976 
 
Classified By: Ambassador Vilma Martinez for reasons 1.4 (B) and (D) 
 
1.  (SBU) Summary:  In the Ambassador's introductory call on 
Minister of Economy Boudou, the two discussed the status of 
the GoA's latest offer to the bond ""holdouts,"" discussions 
with the IMF and Paris Club, and U.S. investment in 
Argentina.  Boudou was confident of a successful deal with 
the holdouts, although he stressed the need to isolate the 
""vulture"" funds that opposed the deal.  These will be 
followed by negotiations in 2010 with the IMF and Paris Club, 
eventually leading to Argentina's reaccess to international 
credit markets.  Boudou also asked that Argentina be included 
in the itinerary of any visit by President Obama to South 
America.  End Summary. 
 
BOND HOLDOUT DEAL COMING 
------------------------ 
 
2.  (SBU) Ambassador, accompanied by DCM and ECouns, met 
November 3 with Minister of Economy Amado Boudou in her 
ongoing round of inaugural meetings with Cabinet ministers. 
As expected, Boudou used the meeting to focus on the new GoA 
initiative, announced by him two weeks ago, to launch a new 
offering to outstanding holders of the remaining USD 20 
billion in Argentine debt from the 2005 debt swap, as the 
first step to Argentina's reentry into international credit 
markets (ref A).  Boudou told the Ambassador that he was 
confident that an agreement will be completed ""within 100 
days"" with holders of at least 70 percent (USD 13 billion) of 
the outstanding debt.  The Ambassador responded that the USG 
supported Argentina's latest effort to settle with the bond 
holdouts and reaccess international credit markets. 
 
3.  (SBU)  Boudou thanked the Ambassador and noted that he 
will begin a roadshow to promote the holdout offering shortly 
after his trip at the end of the week for a G-20 meeting in 
St. Andrews, Scotland.  He said his plans include public and 
private sector meetings in the U.K., Germany, Italy, and the 
United States, where the bulk of the holdouts are 
concentrated.  Boudou expressed concern regarding opposition 
to the Argentine offering from vulture fund holders of 
Argentine debt which he described as ""neither American nor 
Argentine.""  He argued that they were offshore investors who 
keep their money in tax havens like the Cayman Islands and 
employ no one.  Boudou said that it was important that these 
funds, which are represented by influential lobbyists, be 
isolated to ensure success.  He noted that the required 
filings with the Securities and Exchange Commission and 
similar regulators in other countries had begun and that the 
necessary authorizing legislation in the Argentine Congress 
would be voted on by the lower house this week and the Senate 
soon after.  He characterized prospects for passage as 
virtually certain. 
 
FOLLOWED BY IMF AND PARIS CLUB 
------------------------------ 
 
4.  (SBU)  DCM asked what GoA's plans were with respect to 
the IMF and Paris Club.  Boudou replied that the GoA wants to 
move forward with both, beginning with the IMF in the first 
quarter of 2010 following an agreement with the bond 
holdouts.  He noted that Argentina wanted to restart the 
30-year relationship it had with the Fund before severing 
those ties in 2006.  The question now was finding the 
political space to reengage.  Boudou asked for U.S. help when 
the GoA is ready to move forward, particularly with the Paris 
Club negotiations.  He said that he might seek to mention 
 
BUENOS AIR 00001198  002 OF 003 
 
 
that point to Secretary Geithner in St. Andrews next week. 
 
FOREIGN INVESTMENT IS NEEDED 
---------------------------- 
 
5.  (U)  Boudou told the Ambassador that Argentina is looking 
for not only international credit but, more importantly, 
foreign direct investment, and he sees the U.S. as playing a 
particularly important role.  Citing General Motors, Ford, 
Kraft, and Wal Mart as examples of US companies with major 
investments in Argentina creating thousands of jobs, Boudou 
said that the GoA wanted to work with the USG on policies and 
programs that encourage more investment.  He added that there 
was no contradiction in protecting both employment and 
investment.  The Ambassador noted that there may be 
opportunities to foster greater state-to-state relationships 
such as between Buenos Aires Province and her home state of 
California with its diversified, technology-driven economy. 
 
REQUEST THAT PRESIDENT OBAMA VISIT ARGENTINA 
-------------------------------------------- 
 
6.  (SBU) Boudou noted rumors of a possible visit to the 
region next year by President Obama.  In the event the visit 
happens, Boudou argued that it was important that Argentina 
be included.  He argued that Argentina is moving towards a 
more cooperative, market-oriented approach to international 
economic policy, and a visit could accelerate the momentum of 
that swing.  He also asserted that a visit here to another 
important G-20 country would fit in well with President 
Obama's collaborative global vision. 
 
Comment:  A Stealth Admirer of the United States 
--------------------------------------------- --- 
 
7.  (SBU) Throughout the meeting Boudou described himself as 
unabashedly pro-American (and where he still prefers to take 
vacations), though he added that he had to be careful to 
downplay this publicly.  So far, holdout deal 
notwithstanding, his familiarity with the United States 
manifests itself in the ease with which he relates to 
American interlocutors, but not in the economic policies that 
he has pursued for this populist government. 
 
8.  (SBU) With respect to the bond holdout deal, Boudou 
appeared confident he would get one, though his concern with 
the vulture funds as potential spoilers was manifest in the 
Ministry's press statement after the meeting that highlighted 
the need to isolate the ""so-called vulture funds.""  It is 
also clear that he was carrying a message from the Kirchners 
in asking that the President include Argentina on any visit 
to South America.  With four months under his belt thus far 
as Economy Minister under the Kirchners, Boudou appears to 
have won the confidence of the President and her husband in 
moving forward with an agreement with the bond holdouts, IMF, 
and Paris Club creditors, in that order, on the road to 
accession back to the international financial markets. 
Whether Boudou is eventually successful will depend, as he 
says, on the political space available to him in 2010. 
 
Bio Notes 
--------- 
 
9.  (C) Boudou said that he likes to ski every season at 
Aspen and surf at San Diego-area beaches.  He also described 
himself as a fan of the National Football League.  Boudou 
spoke more English in the meeting than we've heard before 
(ref b); it seems to be serviceable, though he clearly is 
much more comfortable in Spanish.  Boudou's political savvy 
 
BUENOS AIR 00001198  003 OF 003 
 
 
was reflected by the only three photos that he keeps in his 
bookcase.  One features President Cristina Fernandez de 
Kirchner (CFK) alone; another is of CFK and him; and in the 
third, Boudou gazes attentively at CFK's husband, 
ex-President and government strongman Nestor Kirchner. 
MARTINEZ