Argentina

Argentina
Saturday, March 6th 2010 - 12:02 UTC

Kirchner administration escalates dispute with Congress over bank reserves

It was Interior Minister Florencio Randazzo turn to take the stand

Argentine Interior Minister Florencio Randazzo assured on Friday that it's not the Senate's prerogative “to designate the Central Bank Governor,” and informed that their only task is to check whether the person appointed by the Executive “is suitable for the seat or not”.

Saturday, March 6th 2010 - 11:59 UTC

Argentina trusts it will reach understanding with bond holders’ end of March

Antonio Boudou said the Central Bank worked quickly and efficiently

Argentina will make an offer to restructure the 20 billion US dollars of defaulted debt by the end of this month, Economy Minister Amado Boudou said on Friday.

Friday, March 5th 2010 - 06:56 UTC

Argentina: Defiant Cristina: “this president will pay debts with central bank reserves”

Mrs. Kirchner on confrontation course with Congress and the Judiciary

Argentina's president defiantly vowed on Thursday to tap billions of dollars in foreign currency reserves to pay debt, in spite of Congress and the Judiciary, but also appealed a court order blocking her latest attempt to use the funds.

Friday, March 5th 2010 - 06:49 UTC

Central bank acting president, first victim of political clash in Argentina

Mercedes Marcó del Pont, acting central bank president

Argentina’s central bank interim chief seems condemned to be the first victim of the political clash between the Executive and Congress over the government’s use of central bank reserves to pay maturing debt in 2010.

Thursday, March 4th 2010 - 21:12 UTC

What can Argentina gain from another Falklands dispute?

Cristina Kirchner must set aside the toxic mix of populism and crony capitalism

The Washington Post published this week an editorial on the current Falkland Islands situation arguing that “you know that an Argentine leader must be in political trouble” if the subject of the South Atlantic Islands comes up again.

Thursday, March 4th 2010 - 03:35 UTC

Argentine opposition has majority control of both Congress houses

Former president Carlos Menem cast the decisive vote for quorum

Argentina’s opposition senators on Wednesday won majority control of all the chamber’s committees, undermining President Cristina Fernandez’s de Kirchner’s ability to pass legislation more than two years after she took office.

Thursday, March 4th 2010 - 01:17 UTC

Two men make history as first gay marriage in the city of Buenos Aires

Damian Ariel and Jorge Esteban, the happy couple (Photo: TELAM)

After a long judicial battle two men married on Wednesday in Buenos Aires City in what was Argentina's second gay marriage, a rights group confirmed.

Tuesday, March 2nd 2010 - 19:53 UTC

Britain rejects US offer to help UK and Argentina resolve Falklands’ dispute

“We don't think that's necessary”, said a spokesperson for British PM Gordon Brown

Downing Street has rejected an offer from the United States to help the UK and Argentina resolve their latest dispute over the Falkland Islands. US Secretary of State Hillary Clinton made the offer after renewed tensions were triggered with the beginning of a round of exploratory oil drilling in the Islands’ waters.

Tuesday, March 2nd 2010 - 05:11 UTC

Falklands: Argentina formally request Hillary Clinton US mediation

The two ladies at Casa Rosada: smiles and promises

Argentine president Cristina Fernandez de Kirchner formally requested visiting Secretary of State Hillary Clinton that the United States act as intermediate in the Argentine-United Kingdom Falkland Islands dispute.

Tuesday, March 2nd 2010 - 02:21 UTC

Mrs. Kirchner ratified before Congress use of central bank reserves to pay debts

The Argentine president inaugurates 2010 congressional sessions

President Cristina Fernandez revoked on Monday a controversial “necessity and urgency” decree to tap 6.6 billion US dollars in foreign reserves from the Central Bank to pay debt replacing it with two new decreed to tap about 4.38 billion USD and 2.18 billion USD to pay private and multilateral creditors (World Bank).

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