Argentina

Argentina
Wednesday, June 17th 2015 - 05:46 UTC

Stiglitz comes to the rescue of Argentina and Greece on debt restructuring

Stiglitz continues to assert that the US Treasury's belief that sovereign debt restructurings do not need to be under international law is “incredible”.

Nobel Prize-winning economist Joseph Stiglitz has reiterated his support for a wider system of control on international sovereign debt restructuring, citing the examples of Argentina, Greece and Ukraine to back up his assertion that the area needs more supervision to protect those involved.

Wednesday, June 17th 2015 - 05:30 UTC

OAS declaration in support of Malvinas UK/Argentina talks; Canada disagreed

Timerman addressing the OAS assembly. His words must have been very boring since Daniel Filmus sitting behind is clearly fast asleep in his chair.

The Organization of American States, OAS, meeting in general assembly approved on Tuesday a declaration urging negotiations on the Falklands/Malvinas Islands dispute between Argentina and the United Kingdom.

Wednesday, June 17th 2015 - 05:14 UTC

Tierra del Fuego's May inflation almost three times the official 1% rate

Tierra del Fuego is ruled by Governor Fabiana Ríos a close ally of President Cristina Fernandez.

Tierra del Fuego's Consumer Prices Index, CPI for May was almost three times higher than the Argentine government official index from stats office Indec: 2.7% against 1%. The percentage was provided by Tierra del Fuego's Stats and Census Office, which also shows that in the first five months of the year inflation reached 11.4% and 28% in the last twelve months, well above the 15.3% from Indec.

Tuesday, June 16th 2015 - 06:11 UTC

Argentina's May official inflation 1% or half that claimed by private consultants

According to Indec in May Clothing was up 2%; Housing and Basic Services, 1.6%; Education, 1.3%; Home Appliances, Transport, Communications, 1.1%.

Argentina's National Statistics and Census Institute, Indec reported on Monday that the inflation rate for May reached 1%, totaling 15.3% in the last twelve months and 5.7% for the first five months of 2015.

Monday, June 15th 2015 - 06:44 UTC

Catholic Church points out that 25% of Argentines are below the poverty line

“The Catholic University Social Debt Observatory findings of 2013 are correct, poverty in Argentina is in the range of 25%”, said Monsignor Jose Arancedo

The Argentine Catholic Church has stood out strongly on the controversy that has followed President Cristina Fernandez statement before the FAO assembly in Rome arguing that poverty in Argentina is below 5%, which was later made superlative by her spokesperson and cabinet chief Anibal Fernandez arguing that poverty in Argentina was less than in Germany or Denmark.

Monday, June 15th 2015 - 05:37 UTC

Argentine union leader expelled from ILO meeting for stealing a tablet

Pacagnini is a doctor and kidney specialist who works at the Castex hospital in Buenos Aires and hopeful governor candidate

An Argentine trade unionist attending the International Labor Organization 104 Annual Assembly in Geneva was expelled from ILO and sent back to Argentina following on several cameras that caught him red-handed trying to steal the tablet of another member attending the meeting.

Saturday, June 13th 2015 - 06:49 UTC

(Mother) tosses Maximo Kirchner's hat in the ring for Argentina's elections

Scioli called for “no speculations” regarding his vice-president candidate but also expressed his “affection and respect” for the president’s son

Maximo Kirchner, Argentina's president Cristina Fernández son name, has surfaced as a possible candidate running for the coming October presidential and legislative elections, with several hopefuls admitting such an option and praising his conditions and political organization.

Saturday, June 13th 2015 - 06:40 UTC

Brussels Declaration with references to sovereign debt and 'territorial integrity' satisfies Argentina

“Territorial integrity is fundamental because it includes the sovereignty conflict with the United Kingdom” over the Falklands, according to Timerman.

Argentina expressed satisfaction with the Brussels Declaration at the end of the two-day European Union/Celac summit because it included strong backing to the country's efforts to change international rules regulating restructuring of sovereign debt and also there was a mention to territorial integrity, a tangent statement referred to the ongoing dispute over Falkland Islands sovereignty.

Friday, June 12th 2015 - 06:33 UTC

Argentina's CPI in May reached 2% and 28.7% in the last twelve months

“The presses were turned on again to print Pesos with the purpose of propping the economy and thus we're back again at the 2.12% of March”, said Bullrich

Argentina's Consumer price index, CPI, during May climbed 2% reaching 28,7% in the last twelve months, according to the Congressional monthly report from opposition lawmakers, which is an average of private consultants. The data was released on Thursday with strong words against President Cristina Fernández statements in Rome that poverty in Argentina was 5%, virtually less than Denmark and Germany.

Friday, June 12th 2015 - 06:02 UTC

World Bank forecasts Argentina will regain access to capital markets in 2017

Economic activity “will pick up” in the next two years due to a “stronger macroeconomic environment and regained access to global capital markets.”

The World Bank is optimistic about the outlook for the Argentine economy, predicting the country’s GDP will grow 1.1% this year, a considerable upgrade from the decline of 0.3% it expected in January, and perhaps even stronger growth of 1.8% in 2016 and of 3% points in 2017, thanks to a “stronger” macroeconomic environment and “regained” access to international capital markets.

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