Stories for May 4th 2008
Dire forecast on Kirchners' Argentina from The Economist
The Economist first May print edition published an interesting article on the rapidly deteriorating political and economic situation of Argentina under President Cristina Fernandez de Kirchner's. The article is titled “Cristina in the land of make-believe” and the influential magazine states that “dashing hopes of change, Argentina's new president is leading her country into economic peril and social conflict”.
US Citibank says Argentina's economy is “getting muddy”
In a report limited to top clients US Citibank forecasted last week that Argentina probably faces “an inflation acceleration accompanied or preceded by a flight of capital, leading to a forced landing”, if the current administration refuses to take measures to contain inflation.
Argentina: majority disapprove Kirchners and the opposition
Six out of ten Argentines disapprove the way President Cristina Fernandez de Kirchner is running government and eight out of ten are disenchanted with the way she's addressing sensitive issues such as corruption and handling of the economy, according to the latest survey from Management & Fit released this Sunday.
Dubai begins expansion of Peru's main port El Callao
Global port operator Dubai Ports World has started the construction of the 300 million US dollars Muelle Sur Container Terminal at the Port of El Callao, Peru.
Morales says “referendum failed” but calls for dialogue
The richest region of Bolivia, Santa Cruz voted overwhelmingly for autonomy on Sunday in a vote widely seen as a rejection of President Evo Morales' radical reforms. However President Morales said the referendum “had failed categorically” because less than 50% had voted and called all governors to build a “true autonomy”.
