Argentina

Argentina
Thursday, January 14th 2010 - 04:53 UTC

Mrs. Kirchner resuscitates ghosts from the 2001/02 default crisis

Redrado the “squatter”; Judge Griesa, the “serial embargo judge”, Judge Sarmiento, “the delivery kid” and Cobos the “conspirator”, according to the Argentine president

Argentine president Cristina Fernandez de Kirchner on Wednesday again attacked the opposition and called for “reflection” from all those sectors involved in the dispute over Central Bank reserves to avoid repeating the “errors of the past”.

Wednesday, January 13th 2010 - 12:16 UTC

Argentine central bank reserves dispute adds another player: New York Judge

Judge Thomas Griesa placed an embargo on Argentine Central Banks accounts in the US

Argentina’s central bank reserves dispute suffered an expected escalation when on Tuesday Judge Thomas Griesa from New York State placed an embargo on Argentine central bank accounts held in the United States, following a lawsuit filed by investment funds (or “vulture funds”).

Wednesday, January 13th 2010 - 08:41 UTC

Mujica in Argentina to discuss agenda of “mutual interest issues”

President elect Jose Mujica is expected to meet with Cristina Kirchner (Photo file)

Uruguayan president elect Jose Mujica travelled Tuesday to Buenos Aires to hold a meeting with her Argentine peer Cristina Fernandez de Kirchner and other officials, confirming his promise that “we need a healthy and strong relation with Argentina”.

Wednesday, January 13th 2010 - 08:29 UTC

Brazilian industry calls for end of “strategic patience” trade policy with Argentina

The “existential crisis” of President Cristina Kirchner administration has exhausted Brazilian exporters tolerance

Brazil’s strongest manufacturing organization (and lobby) is considering the possibility that the country “ceases to be tolerant” towards Argentine trade restrictions and consider the possibility of withdrawing from Mercosur.

Tuesday, January 12th 2010 - 17:35 UTC

Dispute over Argentine Central Bank reserves faces long judicial dispute

Mrs. Kirchner insisted Argentina needs to restructure debt “so our companies can access cheaper financing”

Argentine Federal Judge María José Sarmiento postponed Monday her ruling over the use of Central Bank currency reserves to meet 2010 debt payments by turning the government's 'appeal on grounds of unconstitutionality' into an ordinary trial.

Tuesday, January 12th 2010 - 17:33 UTC

FT: In the path to prosperity Argentina tripped with the Kirchners

Nestor and Cristina Kirchner with their eyes and minds set on next year’s presidential election

The Financial Times, a reference for global finances, has published an editorial comment highly critical of Argentina’s presidential Kirchner couple and their latest attempt to keep their cash-strapped administration afloat: getting hold of Central Bank reserves to pay debts and recover long lost international creditworthiness.

Tuesday, January 12th 2010 - 17:19 UTC

Martin Redrado, from “golden boy” to centre stage

Emulating former US president Truman: “the buck stops here”

Martin Redrado the Argentine reinstated Central Bank president who dared defy the all powerful presidential Kirchner-couple is a low profile liberal economist who became involved in politics with former president Carlos Menem.

Monday, January 11th 2010 - 13:05 UTC

Argentina says that import licences saved over half a million jobs

Production Minister Débora Giorgi has been in charge of implementing what other countries describe as “protectionist” practices

Argentina’s Production Ministry has revealed documents indicating that some 542,370 job posts were saved by the application of non-automatic import licences. Some 21,510 jobs were saved by anti-dumping measures, which led to the protection of 563,880 jobs through the prohibition of mass importation of low-cost products.

Monday, January 11th 2010 - 12:33 UTC

Central bank conflict: Argentina’s institutional soundness at stake

President Cristina Kirchner authoritarian style clashes with Congress

Argentina's government filed an appeal this weekend against a court ruling that blocked its plan to use Central Bank reserves to pay debts and ordered the bank president's reinstatement, the Cabinet chief said.

Saturday, January 9th 2010 - 14:15 UTC

Botnia dispute “possibly linked” to burglaries in Uruguayan embassy in Argentina

Uruguayan Foreign Affairs minister Pedro Vaz

Uruguayan Foreign Affairs minister Pedro Vaz confirmed Friday that the embassy in Buenos Aires suffered several attacks, burglaries and threats during the last five year period and did not discard it could possibly be linked to the dispute with Argentina over the construction of a pulp mill on a shared border river.

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