"recortarse"/"conocida la movida"/

Question

I am reading an article in La Nación ("Preocupa a los presidenciables el impacto que tendría la crisis en la transicón") which, as the title suggests, is about how this new economic crisis figures into the strategies of the 2015 presidential candidates vying to suceed the current president, Cristina Kirchner.

I'll set out the sentence I need help translating, but for the sake of background, the RUFO clause that is mentioned means Rights Upon Future Offers. It is a key clause in the restructured bonds Argentina worked out with 93% of the country's creditors, I.e., creditors who agreed to new bonds after Argentina's default in 2001. That clause says that if Argentina offers other creditors (the so-called "hold-outs" who didn't accept the deal that the majority of creditors agreed to) more than what Argentina gave the 93% of creditors, then that 93% automatically gets the better terms too. Translation:Argentina can't agree to pay more to the hold-outs/vulture funds. That clause, however, expires at the end of the year. So, here is the sentence I'm trying to translate:

Si hasta ahora confiaban en que la salida del atolladero empezaría a recortarse en enéro (con la caída de la cláusula RUFO), conocida la movida oficial para intentar saltar el bloqueo del pago a los hold outs, están seguros de que la zozobra económica se extenderá hasta fines de 2015, e incluso más allá.

If I could figure out the meaning of (1) recortarse and (2) "conocida la movida oficial" I think I'd understand the rest. "Recortarse" is defined in the dictionary as "to stand out (perfil)(en against), but that doesn't seem to make sense here. I know each word individually in the second phrase I need help with, but together I don't understand the phrase.

Answer 1

I am a native (Spanish) and I've never seen recortarse used that way before. Perhaps it's something regional (Argentinian).

If not, I would dare to say that it is a typo and it should be avistarse, which means to sight/to spot. I am sure that you will understand the meaning now.

As for the other sentence, la movida is a colloquial word for situation or event. Also occurrence. Maybe mess is a good translation.

Movida here could also refer to a tedious or complicated process. (Maybe a reference to bureaucracy?)

Summing up: They hoped to start to recover economically in January because of the end of the RUFO clause but knowing the present (bad) situation on trying to avoid the payments to the hold outs, they fear that the crisis will last until the end of 2015, or beyond.

Correct my English, if you please.

I don't think there is anything to correct. - malbecblend, Aug 29, 2014

Answer 2

**Rona Sailor is an economic issue rather complex and I don't have the ability to explain something so technical in English but here I'll give you an easy explanation **

Si la clausula RUFO( Rights Upon Future Offers "Derecho A Futuras Ofertas" : Una clausula que establece que si el país paga mas dinero a un acreedor, los demás acreedores tienen derecho a exigir las mismas condiciones de pago) que expira/vence 31 de diciembre, Argentina puede renegociar el pago de la deuda con los fondos buitres(8% que NO acepto la reestructuración de la deuda y que exige una ganancia del 1300%) sin que los demás acreedores(92% actualmente que SI aceptaron la reestructuracion de la deuda y reciben los pagos con una ganancia del 300%) reclamen igualdad de condiciones en los pagos, eso traería una 'tranquilidad' económica ya que se llegaría a un acuerdo con los fondos buitres pagandoles mas dinero sin que los demas acreedores reclamen . Actualmente el Juez Griesa falló a favor de los fondos buitres (obligando al país a pagarles el 1300%) y bloqueó el pago que se hacia a través del Banco de New York(BoNY) al 92% de los acreedores hasta que el país pague a los fondos buitres, y al mismo tiempo, haciendo que el país entre en 'Default técnico'(Default técnico es porque Argentina depositó el dinero para pagar pero el BoNY acató la orden del Juez Griesa de bloquear los pagos). El plan del Gobierno(todavía es un proyecto de ley) es cambiar el banco donde se realiza el pago (BoNY) por un banco argentino(Banco Nación) `para 'saltear el bloqueo' y pagarles al 92% de los acreedores y 'acordar' con los fondos buitres. Es un caso único en el mundo por lo que genera mucha incertidumbre, pero dicen los economistas que si se paga a los fondos buitres en Buenos Aires(a través del Banco Nación) empezarían los juicios del 92% de los acreedores(acordado en la clausula RUFO) hacia a la Argentina exigiendo la misma cantidad de dinero, la deuda aumentaría por ejemplo de 50 millones de dolares a 50 mil millones de dolares,un problema para los futuros gobiernos. El problema es poder llegar al 31 de diciembre sin pagarles a los fondos buitres y pagándoles normalmente al 92% de los acreedores para que cuando expire la clausula RUFO se pueda renegociar el pago con tranquilidad.

I understand your position, but what Singer is doing should be illegal. I feel such revulsion for him and this injustice. - malbecblend, Aug 29, 2014

yes that's why they are called 'fondos buitres' sad - 003e54f5, Aug 29, 2014

Answer 3

'conocida la movida/estrategia/plan oficial ( oficial=gobierno oficial)'

empezaría a 'recortar-se/reducir/mermar/disminuir (to reduce/to deplete)'' en enéro..

Answer 4

Here is "conicida la movida" again:

http://www.diariopopular.com.ar/notas/48365-lole-puso-crisis-al-peronismo-federal

The sentence in which it appears is: Conocida la movida del ex piloto de Fórmula Uno, Solá se sintió legitimado para reiterar la existencia de una crisis en el espacio que obliga a "un cambio de estrategia".

Still don't know what it means. Does "movida" perhaps mean a "move", perhaps an unexpected one. Or does "conocida movida" together mean something like that (an unexpected move)?

conocida la movida - having been exposed the plan/strategy...believe me when I say that 'movida' is plan or strategy :) - 003e54f5, Aug 31, 2014

thank you Pablo. yes, I believe you! However, in that case,"having been exposed the plan" probably needs to be changed to "the plan having been exposed." Could it also be "the plan having been made known"? - malbecblend, Aug 31, 2014

yes!'the plan having been made known' I'm going to try to remember this expression, thank you!! - 003e54f5, Aug 31, 2014

I always want to write Eng with the same order that I do it in Spa, :D - 003e54f5, Aug 31, 2014

and I say 'movida' all the time: 'ah ya entiendo la movida del chabòn(I understand what the guy is doing(not right now or at that moment but 'in general'))' '¿y que te parece la movida? ¿sabes cómo es la movida(strategy)? :) - 003e54f5, Aug 31, 2014

Answer 5

With the input provided by RelaxingCup and Pablo064 (thank you both!) , here is my attempt to translate the sentence I asked about:

If until now they [those candidates hoping to succeed Cristina Kirchner] had faith (or had confidence) that getting out of the jam would start to diminish in January when the RUFO clause falls off [due to it expiring] , knowing the government plan to try to bypass the blockade of the payment to the hold outs, they're sure that the economic uncertainty (economic anxiety) will continue until (or extend to) the end of 2015, and even longer.

Actually that doesn't make sense. (The chance of) getting out of the present jam will increase, not decrease, once the RUFO Clause expires.

Still struggling with this one.

http://www.cronista.com/economiapolitica/Que-es-la-clausula-RUFO-y-como-afectaria-a-la-Argentina-20140722-0090.html - 003e54f5, Aug 29, 2014

I can't connect to the link you provided. - malbecblend, Aug 29, 2014

I got the link now. Thanks. I hate Paul Singer. He has no morals, no conscience, and he is a disgusting human being. Argentina wants to pay him on the same terms that it is paying 93% of the creditors who accepted the deals of 2005 and 2010. If Paul - malbecblend, Aug 29, 2014

Singer accepted that offer, he and his greedy vulture funds would make a 300 % profit. But he wants more. Disgusting. - malbecblend, Aug 29, 2014

yes friend but they are the rules of the games proposed by Argentina and his f*** political :( - 003e54f5, Aug 29, 2014