Literature Nobel Prize Mario Vargas Llosa blamed Peronism for the self-destruction which is leading Argentina to underdevelopment, poverty and populism, and compared the dominating political movement trajectory to that which took Adolf Hitler to power.
President Cristina Fernández highlighted the “magnificent opportunity” Argentina and Angola had in coming together on future business transactions, particularly in the face of the global financial crisis, while addressing a meeting with businessmen in Angloa where she is on a three day official visit.
A former Argentine central bank president warned that if the economy follows on the current course, a “de facto devaluation” is round the corner because of the growing gap between the official and parallel exchange rates for the US dollar.
Argentine President Cristina Fernández is on a three-day visit to Angola to promote trade and investments particularly exchanging food for the African country’s oil. Friday morning she is scheduled to meet her counterpart Jose Eduardo Dos Santos.
For the first time, Argentina has a Jewish president, at least temporarily. Beatriz Rojkes, the provisional president of the Argentine Senate, is in charge of the government for several days because both President Christina Fernandez and Vice-President Amado Boudou are overseas.
A last-minute lobbying blitz by farmers in Argentina's top grains-producing province stopped lawmakers from approving a tax increase that some growers said would force them to sell their fields.
The recent tax-info exchange agreement reached between Argentina and Uruguay will make many investors in the Uruguayan financial system take their deposits back to “safes” or “mattresses” in Argentina, warned several economists during a conference on the Argentine economy prospects and its influence on neighbouring Uruguay.
Argentine provinces are falling back in paying salaries and honouring debts as they face a shortage of cash and almost record rates for issuing bonds in money markets, reports Buenos Aires financial press.
Argentina could rapidly become the “Greece of Latin America” given the trade restrictions it has imposed born out of the lack of sufficient hard currency to face its international commitments, according to Chile’s Manufacturing and Services Exporters Association, Roberto Fantuzzi.
Argentine state-controlled energy company YPF said it risks having its American Depositary Shares (ADS) de-listed by the New York Stock Exchange since it is not complying with all regulatory requirements.