Economic subsidies for Argentine public and private companies last year totaled an estimated 143 billion pesos, or 4.9% of GDP, the highest level in eight years, according to a joint report by the Professional Council of Economic Sciences (CPCE) and the Argentine Institute of Fiscal Analysis (IARAF) released this week, and which was summarized by the Buenos Aires Herald.
Paraguay has instructed its ambassador in Buenos Aires to collect information on Argentina's plans to set up an uranium processing plant in the northern province of Formosa, neighboring with the land-locked country.
Uruguay and Brazil could be prepared to go ahead with a 'two speed' trade negotiations between Mercosur and the European Union if the Argentine tariff proposal is not as ambitious as that from the rest of its members, according to Uruguayan diplomatic sources.
Argentine foreign minister Hector Timerman called US senators Marco Rubio and Robert Menendez “extremists”, who don't represent the will of the Senate, the US government or the US people.
Argentina's reactions to the country's image in the US and particularly that of President Cristina Fernandez administration economic policies have not ceased. This time it was ambassador before the US government, Cecilia Nahón who strongly replied the terms of an editorial from The Washington Post anticipating Argentina's coming collapse.
Pope Francis dismissed on Sunday reports that he had called for a meeting between representatives from President of Cristina Fernández government and members of the Argentine Industrial Union (UIA) and organized labor CGT union, with the supposed aim of discussing economic issues.
Following on President Cristina Fernandez administration strategy of blaming big business and banks as speculators that force price increases and the devaluation of the Peso, this weekend a group which brings together intellectuals who support the Argentine Kirchnerite Victory Front have published a new letter titled The Nation in Danger.
Argentina's cabinet chief Jorge Capitanich reacted on Friday to US Senators' remarks who on Thursday harshly criticized the economic policies of President Cristina Fernandez administration and forecasted an economic collapse sooner than later.
Mercosur pretends to increase its trade integration with members from the Pacific Alliance, said Brazilian foreign minister Luiz Alberto Figuereido. The top official made the statement this week before the Brazilian Senate foreign affairs committee.
The current Argentine economic situation reached the US Capitol during the hearings to consider President Obama's nomination for future ambassador in Buenos Aires, and what was said was not encouraging.