Argentina signed two nuclear power plant construction deals with China on Sunday worth around US$15 billion, which would add 1,750 megawatts to the energy already produced by the country's three nuclear power plants.
Outgoing Argentine president Cristina Fernandez will be leaving not only the Central bank reserves exhausted but also a budget deficit which is estimated at 7% of GDP by the end of the fiscal year, equivalent to 400.000 million Pesos, according to the country's National Auditing Office, AGN.
With a repeat of their respective campaign strategies, not much content, and less replies Argentina's presidential candidates, incumbent Daniel Scioli and opposition hopeful Mauricio Macri debated during 75 minutes in four main blocks following clearly established rules of two minutes presentations and one minute question and answer.
The number three man in the Argentine Air Force refused to sign the purchase of 14 Israeli refurbished Kfir fighter jets, an operation involving 360 million dollars, and which supposedly would have given the depleted service a breath of fresh air.
There is an 8% of voters who decide on ballot day whom they prefer and will support, and they definitively decide the election, even more when it's a runoff, according to Jorge Giacobbe an Argentine political pollster and analyst.
Sunday's presidential debate in Argentina will most probably concentrate on economic policy mainly for two reasons: one that the current system with a dollar clamp, export duties, heavy influence of the government and wild spending has the economy on the verge of collapse; but the option of orthodox policies with drastic cuts in spending, salaries and possibly jobs and consumption is also seen as fearsome.
Any country, any economy needs confidence and positive expectations, and that is what is lacking, and has been lacking in Argentina for many years, said Jorge Brito, head of the Association of Argentine banks, who nevertheless warned about the impacts of a 'rough' adjustment on the economy.
It's a fact, Argentina is the 'main obstacle' for Mercosur to advance in reaching a trade agreement with the European Union, and Venezuela, the latest incorporation to the group, is also hindering efforts, revealed Uruguay's Economy minister Danilo Astori during a conference on the country's investment prospects.
The recently elected members of Argentina’s new congress will be taking the oath on 3 December, and numbers show that the current coalition of president Cristina Fernandez, Victory Front, will retain the first minority in the Lower House, while it will enjoy a comfortable majority in the Senate.
The director of one of the most reliable pollster organization in Argentina anticipated that the 22 November presidential runoff is still an open race despite the fact the incumbent candidate Daniel Scioli is running several points behind his rival and opposition candidate Mauricio Macri.