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Argentine administration props the housing and construction industry ahead of mid term elections

Tuesday, July 18th 2017 - 07:30 UTC
Full article 3 comments

Argentina's new subsidized mortgage scheme is gathering steam, boosting construction activity and winning over the middle class ahead of mid-term elections in October that will determine the future of President Mauricio Macri's market-friendly agenda and his attempts to put the country's accounts in order. Read full article

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  • Marti Llazo

    Makes us wonder... whenever “subsidies” and “Argentina” are in the same sentence.

    Remember the previous government's “subsidies” ? Note today at BAH:

    ”Kirchnerite figures had a bad week in the courts ahead of next week’s judicial recess, with several racking up new charges or facing adverse decisions. ...Federal Judge Luis Rodríguez would not be seeking [de Vido's] arrest in connection with alleged fraud in the Río Turbio coal mine in Santa Cruz, Victory Front (FpV) Lawmaker Julio De Vido was slapped with a fresh indictment in connection with subsidies for public buses in during the Kirchnerite governments. Federal Judge Claudio Bonadío, leading the investigation, also issued a lien worth a billion pesos as well as a travel ban against the influential former Planning minister.The judge considered that there was sufficient evidence to show that “between July 2003 and March 2004, by abusing the authority inherent to the positions that they had, the defendants participated in an illegal manoeuvre by which they systematically distributed to public transport companies subsidies that were greater than what they were owed.” Martín Sabbatella, former head of the now defunct AFSCA, was indicted over alleged irregularities in the distribution of subsidies in the period 2014-2015 totalling almost 10 million pesos. Sitting City Legislator Andrea Conde of the FpV, who was also a member of the AFSCA, was also indicted on charges of defrauding the state....”

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    Subsidies. It has a different meaning in Argentina.

    Jul 19th, 2017 - 02:12 pm - Link - Report abuse 0
  • Enrique Massot

    @ML

    Our industrious commentator Martillazo once again manages to take a current issue (the subsidization of mortgages by the Macri government) and make it about the government in place until a year and a half ago. Not even Macri's assessor Durán Barba could've come up a better strategy.

    Jul 21st, 2017 - 04:13 pm - Link - Report abuse 0
  • Marti Llazo

    Reekie is apparently unaware that the criminals of the government that ended “a year and a half ago” have not been absolved of their felonies.

    We note that the Kirchners' accountant was recently hauled away in handcuffs, and is now in jail.

    Since Reekie missed the point about the fraudulent use of subsidies by the Kirchner government, let's have him actually read the comment posted previously. Then perhaps someone can help him to understand it.

    Jul 21st, 2017 - 07:29 pm - Link - Report abuse 0

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