Argentine markets are set for another bout of nerves after the country holds a presidential election on Sunday, likely to confirm defeat for business-friendly President Mauricio Macri.
Argentine president Mauricio Macri and the leading opposition candidate Alberto Fernandez exchanged blows and strong accusations during the second and last debate before next Sunday's election
Argentine President Mauricio Macri called voters on Saturday to get behind him ahead of presidential elections next week in a massive rally called the “March of the Million”, held in downtown Buenos Aires next to the obelisk and in the widest avenue of the city, 9 de Julio.
The International Monetary Fund will stand by Argentina as it works through its economic crisis, Managing Director Kristalina Georgieva said on Thursday. She added that the Fund was waiting to see the future policy framework adopted by Argentina, which holds an election later this month in which a change of government is widely predicted.
The Falklands/Malvinas were not absent from the Argentine presidential candidates' debate on Sunday evening in Santa Fe province. President Mauricio Macri running for reelection was criticized by opposition front runner Alberto Fernandez for “forgetting to claim the Islands' sovereignty”.
The front-runner in Argentina’s presidential election reached out to undecided voters on Sunday, promising both orthodox and unorthodox policies to cure the country’s deep economic troubles.
Elisa Trotta is the new Venezuelan ambassador in Argentina, following the acceptance of her Credentials by Argentine foreign minister Jorge Faurie. According to an Argentine foreign ministry release, Ms Trotta will make her official presentation to president Mauricio Macri sometime this week.
Argentina's financial crisis has been exacerbated by the political uncertainty facing the country with its president Mauricio Macri now most likely to be voted out of office at the national elections at the end of the month. However, according to Claudio Zuchovicki, the secretary-general of the Iberoamerican Stock Exchange Federation, the financial downturn is mostly a crisis of confidence in political institutions.
Argentina's front-running candidate for president, Alberto Fernandez, has been asked by advisors within his left-leaning coalition to freeze natural gas and power tariffs and to peg oil product prices to pesos instead of dollars as measures to contain inflation and spur economic growth.
Caution minded since Argentine public opinion polls were so far off the mark during the August Primary mandatory elections which triggered the current major political and financial upheaval in the country...