Brazilian banks which follow closely events in Argentina and prospects of the new government under president Mauricio Macri, believe the official exchange rate of 9.67 Pesos to the dollar will inevitably have to be devalued, to 12 Pesos by the end of the year, which means a 24% depreciation.
Falkland Islands lawmakers have reacted with caution and expectation to the election of Mauricio Macri, ex Buenos Aires mayor, as Argentina's next president. He will succeed on 10 December Cristina Fernandez and twelve years of rough relations with Kirchnerism and constant intimidation.
Britain's David Cameron and Argentina's president-elect Mauricio Macri agreed to “strengthen relations” and “to pursue a path of open dialogue” between their countries after a phone call Thursday, Downing Street said.
Argentina's president-elect Mauricio Macri has named US-educated bankers and big business executives to key posts in a cabinet he vows will revive the economy, officials and media reports said Wednesday. Budget and finance minister Alfonso Prat-Gay, 50, an economist trained at Pennsylvania University and former Wall Street banker, was announced by Macri's designated chief of staff Marcos Peña.
Argentine president Cristina Fernandez made on Wednesday her first public appearance since Sunday's election runoff when opposition candidate Mauricio Macri was confirmed as the new head of state, and clearly anticipated she will continue in politics and pretends to conduct the Justicialista party, the country's hegemonic political force.
By Rengaraj Viswanathan (*) Mauricio Macri’s win will inspire the centre-right opposition parties that hope to replace leftist governments in Brazil and Venezuela but it is too early to declare, as some observers are doing, that the result marks the end of the Left in the region
Two days after Mauricio Macri's victory in Argentina, Uruguay's former president Jose Mujica wished Argentina the best with its new government, but also expressed fear about the 'institutional stability' of the country.
The UK government is looking forward to working with the new government of Argentina and hopes the people of the Falkland Islands will not suffer the bellicosity shown by the current administration, said Foreign Office minister Hugo Swire in Parliament.
President-elect Mauricio Macri has tapped a top United Nations official to be Argentina's next foreign minister. Macri announced on his Facebook page on Tuesday that he picked Susana Malcorra, Cabinet chief for U.N. Secretary General Ban Ki-moon since 2012.
In his first press conference as Argentine president-elect, Mauricio Macri announced on Monday he would not have a Secretary of Economy but rather an economic cabinet with six members, and anticipated that the team that will be taking office with him, as well as those in the province of Buenos Aires, will include many officials which do not come from the political system.