Argentine industry lobby blast devaluation but demand more competitiveness

Monday, August 6th 2012 - 07:47 UTC

Full article 11 comments

Argentine Industrial Union head José Ignacio de Mendiguren says he wholeheartedly agrees with President Cristina Fernández criticism to those who back a devaluation of the Peso, in an interview with Ambito.com. Read full article

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yankeeboy
Looks like even the strong CFK supporters are very worried of a HUGE DEVALUATION in the near future.
Even flooding the internal market with U$ 2.5B didn't bring the Arg$ under $6/1 and that is s a HUGE PROBLEM for CFK.
This next year should be very interesting. A little blood in the streets is all she needs.
Aug 06th, 2012 - 01:24 pm - Link - Report abuse 0
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Pirat-Hunter
The only blood that all Argentine's want to see is that of white trash getting executed by nationals, send us the weapons from USA or UK we can clean up our streets of all foreigners in no time, I bid anything it will make NATO think twice before arming terrorists.
Aug 06th, 2012 - 04:49 pm - Link - Report abuse 0
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Simon68
2 Pirat-Hunter (#)

WTF do you want “...weapons from USA or UK...” I thought you were going to build an H-Bomb, surely mere conventional weapons should be a ganga for a super brain like you!!!!!
Aug 06th, 2012 - 05:26 pm - Link - Report abuse 0
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Captain Poppy
I think PH is an hateful, jealous and angry little girl.
Aug 06th, 2012 - 06:24 pm - Link - Report abuse 0
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ChrisR
I can't figure this man out.

But then perhap he can't figure himself out either.
Aug 06th, 2012 - 06:25 pm - Link - Report abuse 0
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Captain Poppy
I think when winter comes to the norethen hemispere, a tradition slow down aside from the holidays, they will see a real slowdown.
Aug 06th, 2012 - 09:18 pm - Link - Report abuse 0
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yankeeboy
7. Other than Soy animal feed and bio diesel they barely sell anything to EU USA UK. They blame this slowdown on “ THE EU CRISIS” yet I don't see how it is possible. I don't think any country is buying less of what they have to sell and I have yet to be proven otherwise.

The problems they are gov't/monetary based and there is no fixing stupid.
Aug 06th, 2012 - 09:52 pm - Link - Report abuse 0
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St.John
2007: x costs 30 pesos = 10 USD to produce
2012: x costs 90 pesos = 30 USD to produce

Competitiveness on the international market improved or reduced?
Aug 08th, 2012 - 07:06 pm - Link - Report abuse 0
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British_Kirchnerist
Talk about a hegemonic left, when even the head of the bosses union is having to suck up to the left President =) But I hope she rejects his kind “advice” and keeps fighting the “establishment” =)
Aug 08th, 2012 - 10:55 pm - Link - Report abuse 0
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Simon68
9 British_Kirchnerist (#)

Boludo, SHE IS the establishment!!!!!
Aug 09th, 2012 - 04:34 pm - Link - Report abuse 0
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British_Kirchnerist
#10 If that was true, we'd have a better world =)
Aug 09th, 2012 - 10:48 pm - Link - Report abuse 0
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