MercoPress. South Atlantic News Agency
Fear of a Cristina Fernandez comeback has cost the Argentine central bank over a billion dollars
The Argentine primary next Sunday when the different parties will choose their candidates for the midterm elections of 22 October, and the possibility of a comeback of ex president Cristina Fernandez, and all that she represents, has cost the Argentine central bank so far over a billion dollars in the last ten days. Read full article
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Disclaimer & comment rules“...the [Argentine central] bank has more than sufficient reserves.....”
Aug 10th, 2017 - 08:57 pm - Link - Report abuse +1All of it borrowed, at substantial interest rates, by selling unsecured junk-rated bonds.
Argentina, the 3-D country: Deficit, Devaluation, Default.
What an interesting way of underscoring the influence of CFK in Argentine politics.
Aug 11th, 2017 - 03:54 am - Link - Report abuse -3She does rather well in opinion polls--just as a candidate for senator--and the dollar goes crazy?
Has Cristina gathered so much steam? Is the vote intention being taken as a sign that Argentines are rejecting Macri politics? I would say it's both.
The Joyful Revolution could only go so far.
CFK has discovered a new way to cost the nation another billion dollars. And reekie is soooo very proud of that.
Aug 11th, 2017 - 02:47 pm - Link - Report abuse +2ML subscribes to the crazy theory that the--potential--election of Cristina as senator is costing the nation “another billion dollars.”
Aug 11th, 2017 - 04:52 pm - Link - Report abuse -1Pretty soon we'll see a judge opening an investigation against Cristina, adding the one about the “dollar future.”
Corruption “K” at its best.
If reekie had read the news note, and attempted to understand it, he might have observed how the mere mention of CFK can cost this country a billion dollars in central bank reserves.
Aug 12th, 2017 - 02:37 am - Link - Report abuse +2Commenting for this story is now closed.
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