Argentina shores the Peso, stock market tumbles, ahead of 'Super Tuesday'

Tuesday, June 19th 2018 - 08:35 UTC

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Argentina's peso rose sharply on Monday as a new central bank chief took his first moves to shore up the battered currency, while escalating fears of a damaging trade war between the United States and China drove Latin American stocks down. The Argentine peso jumped after the central bank said it will hike bank's reserve requirements in a move expected to tighten local-currency liquidity after the latest run on the peso. Read full article

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Enrique Massot
“Macri was forced to defend Aranguren in March after the minister admitted keeping his US$88-million fortune abroad because he lacked faith in the domestic economy.”

Money abroad, offshore accounts, shares in multinational companies dealing with Argentina, tax evasion, and the list goes on...

Who on earth can expect government members whose interests -- and loyalties -- are on both sides of the counter to act in the best interests of the country?

Conflict of interest, corruption denunciations and even imputations on drug trafficking are beginning to pop up in Argentina. However, what we see now is nothing compared to what's going to surface when the current government begins to lose its grip on judges.

I imagine courageous MP commentators who wrote profusely about corruption allegations about the CFK government are going to have lots of new material for comment about the Macri administration in coming months.
Jun 19th, 2018 - 05:05 pm - Link - Report abuse -2
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