Talk:Domingo Cavallo

Untitled

I've fixed the logical flaw, article previously referred to the "catastrophic collapse of inflation", :) Hardly something you would upbraid a finance minister for....

I question the NPOV here though. Was the collapse **entirely** the result of his policys?

Shoka

Mr Domingo Cavallo has long handled government finance policies of Argentina. As head of the Central Bank he implemented the transfer of private debt to the government, during a military dictatorship in the eighties, a much criticized measure. Ten years later, he enacted a far fetched fixed-currency-rate system, that was considered extremely harmful, as it indeed proved to be when it blew up, finding him as the maximum finantial authority in the country, not only the single creator of the model, but also in charge and endowed with extended decission power, by Congress, which proved to be totally useless. He has always admitted to having his savings overseas, even at times when there was no risk in sight, even while publicly advising people to trust his policies. Three years after his dismissal, Argentina has not fully recovered from the effects of the collapse, while Mr Domingo Cavallo resides in the US. Of course, the downfall of a hundred billion economy was not the act of a single individual, but Mr Domingo Cavallo has been a major actor, one that has personally profitted from the dooming of a whole nation.

I don't like this

I don't like this article. I've reverted an anon user's changes directly making Cavallo responsible for the economic crisis, but I still think it should be mentioned in some form, with proper sources. The article as it stands now pictures Cavallo as a "victim of circumstances", a poor fellow who simply couldn't persuade Menem to do the right thing because bad politics won over good economics, and couldn't work with De la Rúa because he was "weak" and things had gotten out of control already. There's also the matter of whether he sold information to some of his wealthiest "friends" regarding how to take money out of Argentina right before the corralito was in force. Comments are welcome. --Pablo D. Flores (Talk) 14:40, 14 February 2006 (UTC)

Allen Greenspan, in his book, says that this man was responsible for fixing the state of the country's economy, going from 2,000% inflation in 1990 to single digit inflation in 91. Despite this the legislature spent the vast wealth and purchasing power that had been created and destroyed the nation's ability to hold the 1:1 exchange rate.

--RSaylors

i'm not attacking Cavallo

why do you think that?

i really enjoy what cavallo did, we don't like argentineans very much.

and thats what he did, its not my POV, you can call it a "Masterpiece" if you think it was, i don't care.

14 February 2006

If you dislike the masterpiece thing why don't you change that? User:Ejrrjs says What? 19:06, 14 February 2006 (UTC)

N.B. I wrote the original version and the masterpiece thing was kind of tongue-in-cheek. Of course it's unencyclopedic, as there is no guarantees that it will be understood as meant, so I won't complain if it is improved.

Do you like it?

HOW is he better known...(in the place WHERE he is better known)???

why don't you try to describe cavallos's activities? i could do the first one (just some ctrl+c/ctrl+v), and you the rest.

1st founded(from the same web):

In 1982, when disappearances, torture and executions were commonplace in the country, the Military Junta appointed Mr. Domingo Cavallo to the presidency of Argentina's Central Bank. At that time, Cavallo made a decision that would mire the country's economy for years to come: he consolidated the transference of a significant part of the private sector's debt with international banks to the federal government, greatly inflating a foreign debt that to this day makes Argentina dependent on foreign credit.

well, this explain his first big job, and under what circumstances it was done.

"there is neither security nor justice."

He also said that Interior Minister Carlos Corach and Justice Minister Elias Jassan "control many federal judges," on whom they can call ata moment's notice with instructions regarding cases in their courts.

Cavallo said that, at a meeting while he was part of the cabinet, Corach wrote on a napkin the names of the judges who would unconditionally follow his suggestions. Cavallo also said that, in a meeting with Menem, Alberto Kohan, general secretary of the presidency, admitted he was aware of bribes paid in a case involving US-based IBM and the state-run Banco de la Nacion Argentina.

you try to describe

2 times "convertivilidad" but omitting crucial information The end result of the fixed-exchange-rate scheme was disastrous / a masterpiece / successful / or whatever you want to call it (mr Ejrrjs / Pablito / Seba); it put pressure on the country's trade balance and the caused the decimation of the nation's industry. Recession followed, and with it, fiscal deficit.

When Menem's administration ended in 1999, it left a ruined country and a trail of grave corruption that has included the prosecution of Mr. Menem and Mr. Cavallo (Cavallo was freed after he spent two months in jail) for their alleged participation in the smuggling of arms to Croatia and Ecuador in spite of international embargoes to war zones.

come and chat kids! —The preceding unsigned comment was added by 67.83.142.148 (talk • contribs) .

Remember that we are all trying to make an encyclopedia here, and the users you refer to have no mean intentions. It would be really good if you created a user for yourself, and sign your comments in the talk pages. I know you pretend to write the truth about Cavallo, but let's not get driven by enthusiasm. We are not to make speculations on 'causes' but only state 'facts'. Of course, a quote of certain known political figure or economy specialist is more than welcome, always trying to show both sides of the history. Good wiking, Mariano(t/c) 18:38, 17 February 2006 (UTC)

NPOV

This article is far from the so called 'neutral point of view principle of Wikipedia'. Clearly written mainly be Cavallo opposers. I have deleted remarks that are not widely accepted. Please maintain the neutrality, otherwise none of this makes sense. —Preceding unsigned comment added by 66.31.47.233 (talk • contribs)

Mariano Grondona is one of Argentina's best known intellectuals and newspaper columnists, and one of very few who incorporates a psychohistorical perspective in his work. His book Realidad: El Despertar del Sueño Argentino (Buenos Aires: Planeta, 2002) is a psychologically sensitive account of Argentine political culture.

Domingo Cavallo, a brilliant and charismatic economist who had remarkable success as Carlos Menem's Economy Minister in the 1990s, is characterized by Grondona as exhibiting obsessive-compulsive and narcissistic personality traits. Cavallo is supremely self-confident, energetic and known for a hot temper, especially for an incident when he lashed out publicly at journalists who reported that he had lost an election.

ill try. 67.83.142.148 06:46, 5 March 2006 (UTC)

I tried to leave the article without any POV statements, both for nor against Cavallo. Mariano(t/c) 11:53, 6 March 2006 (UTC)

Domingo Cavallo

Free after two months in jail

A court panel in Buenos Aires has said there are no grounds to prosecute Domingo Cavallo on accusations of gun-running.

http://news.bbc.co.uk/1/hi/world/americas/2032432.stm

Debt transfers?

I've commented out the following text:

The mechanism turning private debt into liabilities of the state continued throughout the government of Raúl Alfonsín (1983–1989), and took place again after the economic crisis that followed the devaluation in the 2000s.

True, some in the private sector managed to get the state to pay for their dollar-denominated debts after the devaluation, indirectly, but this was not an official measure. I don't know about Alfonsín's time. Given that the article has no sources, I find this a bit too harsh (basically on the same (un)encyclopedic level as saying "the same people have been screwing us in the same way for decades, so que se vayan todos"). Could someone verify this and add it in a more suitable place if needed? —Pablo D. Flores (Talk) 21:54, 23 May 2006 (UTC)

"Alfonsín estatizó el 1° de julio de 1985 mediante las resoluciones “A” 695, 696, y 697 BCRA los 2.000 millones de dólares reconocidos en su legitimidad y los 12.000 millones de dólares de deuda externa financiera no registrada como legítima y cierta."[1]

Well, it has been happening for over 100 years already. Check this: Cuando 114 años tampoco es nada, Historia De La Deuda Externa, Deuda Externa, Historia de la economía argentina, Adictos a la deuda, Menem no inventó nada.

I was thinking aobut doing a History of the Argentine external debt or something like that, what do you think? Mariano(t/c) 08:23, 24 May 2006 (UTC)

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