In a milestone speech on Tuesday anticipating the four years of her next mandate, Argentine President Cristina Fernandez disclosed she would continue with pro-growth policies but also added that a time of ‘fine tuning’ had arrived in which she was willing to address all issues including “investment and inflation” but not through the newspapers.
The second of a planned series of extended political articles written exclusively for the Penguin News web site by Deputy Editor John Fowler.
Argentine President Cristina Fernandez promised on Monday to continue defending with ‘tooth and nails’ the powerful wheel of domestic consumption that has boosted the current economic model but also admitted the existence of ‘distortions which must be corrected’.
Argentine president Cristina Fernandez received strong support from the industrial sector for her latest policy of eliminating subsidies which are widely extended in the economy, but manufacturers also called for prudence and gradualism.
President Cristina Fernández urged Argentines ”to make an effort to understand the moment the country and the world are undergoing” while heading a ceremony to commemorate the 160th anniversary of the Vuelta de Obligado battle in the Buenos Aires area of San Pedro.
The French auto consortium Peugeot-Citröen agreed with the Argentine government not to remit earnings during two years (2011/2012), approximately 50 million dollars announced Argentine government sources.
The administration of President Barak Obama reaffirmed its decision to “keep reminding” Argentina of the need to comply with its international obligations as well as the importance of upholding an investment climate ‘transparent and fair’ that includes paying creditors, points out a piece from Buenos Aires La Nacion correspondent in Washington.
Argentina will not take back the millions of Pesos that thousands of tourists spend in neighbouring Uruguay during the summer season. That was the reply to a request from Uruguay’s largest bank branch in the City of Buenos Aires, according to banking sources in Montevideo.
President Cristina Fernández met on Thursday with newly appointed Argentine ambassador to the US Jorge Argüello at the Olivos presidential residency, and instructed him to improve bilateral ties “to their best possible levels.”
A close Senator and advisor to President Cristina Fernandez denied on Wednesday the Argentine leader is interested in staying in power beyond 2015 and said a constitutional amendment “is not viable”.