A majority of Argentines disapproves of President Cristina Fernandez but more significantly 40% believe she is losing control of her administration and another 20% consider it a fact, according to Sergio Berenztein from the respected pollster Poliarquía.
Argentine Economy Minister Hernán Lorenzino called for developed countries to set limits to ‘vulture funds’ and credit rating agencies as “promoters of the global crisis,” as he addressed the G20 Finance Ministers meeting in Mexico on Sunday.
Six out of ten Argentines disapprove the performance of President Cristina Fernandez and an overwhelming 80% is against a possible new re-election if a constitutional review is finally passed by Congress, according to the latest opinion polls released in the Buenos Aires weekend media.
Earlier in the week Standard & Poor’s ratings services lowered to ‘B-’ from ‘B’ its unsolicited long-term sovereign credit rating on Argentina and on Friday the ratings agency said it is taking a similar rating actions on four Argentine banks and 16 Argentine corporations.
Fourteen million hectares are affected by floods in Argentina’s prime farm land provinces and the presence of water jeopardizes the harvest of grains, according to farming sector leaders.
Argentine Economy Minister Hernán Lorenzino and Central Bank Governor Mercedes Marcó del Pont are leading the country’s delegation in the technical G20 meeting in Mexico, where they are expected to insist on the government’s criticisms against ‘vulture funds’ and credit rating agencies.
Argentina tightened the ‘dollar clamp’ a further notch by including mortgage credits, which means people wanting to become home owners will not have access to the US currency.
President Cristina Fernández returned to stage on Thursday and assured that Argentina's dollar-denominated debt bonds are to be “paid in dollars” whilst criticizing the New York judiciary for its latest ruling against Argentina, in a speech at the Government House.
Argentina’s Lower House of Congress approved the government-sponsored teen suffrage bill that allows 16-18 year olds the chance to vote in national elections. The Upper House of Congress had preliminary approved the bill with 52 votes in favour and only three against.
One of Argentina’ leading international corporations, Techint, made public a 200 pages report sent to the Buenos Aires stock exchange with a devastating picture of the country’s economy which “continues in a state of fragility”.