MercoPress. South Atlantic News Agency
Argentina's efforts to regain confidence: cutting number of ministries and taxes on farm exports
Argentina is drafting plans to cut its budget deficit to convince nervous investors it can pay its debts and this Monday Finance minister Nicolas Dujovne is scheduled to announce measures, before traveling to Washington to meet with IMF's chief Christine Lagarde. Read full article
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Disclaimer & comment rulesURGENT: Macri resorts to Kirchnerist remedies to reduce deficit
Sep 03rd, 2018 - 07:06 pm - Link - Report abuse -2Who would have thought?
Nearly three years into his four-year term, Argentine president Mauricio Macri has decided to re-implement much-maligned Kirchnerist solutions to reduce the fiscal deficit.
Let's remember that eliminating export taxes on agri-food products (lithium and other mining products too) was one of Macri's pre-election promises, which he fulfilled as soon as he took office.
It appears he has now discovered the drawbacks of de-financing the state. Cristina Fernández de Kirchner must be having a good laugh.
Weekend rumours of changes in Economy were unfulfilled, as minister Nicolas Dujovne emerged Monday still on the job.
It appears that, during an emergency weekend meeting , Macri offered the Economy ministry to Carlos Melconian and Alfonso Prat-Gay. Both would have refused, condemning poor Dujovne to keep handling the hot potato that is today's Argentine economy.
What a difference three years make.
Reeeeeeeeeeeeeeeeeeeeeeeeeeeekie, not only did macaroni inherit ONE HUNDRED (100%) PERCENT of cretina's problems and unfunded liabilities but he has to deal with the exact same flawed culture and populous.
Sep 04th, 2018 - 01:53 pm - Link - Report abuse 0Long term rg society needs cultural reeducation - on an industrial scale - via digital delivery. An individual social rating system could incentivise productive behaviors while discouraging typical rg under performance.
The mold and it's persistent patterns of destructive behavior must be broken for rg to ever have even have the slightest chance of ever entering the group of first world nations.
One of Macri's mistakes has been not to copy Trump in repeatedly blaming previous governments for everything bad, whether true or false. The result is that a great part of the people attach to his government incompetence, mistakes and crimes committed by Cristina's government. However, he is still in time to blame “crocked Cristina” like Trump still slangs “crocked Hilary.”
Sep 04th, 2018 - 02:32 pm - Link - Report abuse 0It seems to me that this leads from the real-life farming to a serious decline in vital communication from what is going on in that agriculture, from day-to-day (nights too, for that matter) so how will it be managed if the Minister is so 'streamlined' in thinking, that it hampers a much more creative policy?Just thinking- and apologies for this brief opinion, because I don't live in Argentina- I have an interest in farming- and that particular empathy :)
Sep 04th, 2018 - 04:55 pm - Link - Report abuse 0I find it truly pathetic that this beta cuck of a presidunce is caving on everything. He might as well just go fishing in Patagonia.
Sep 04th, 2018 - 06:14 pm - Link - Report abuse -1His legacy is already sealed: Yet another Argentine failure presidency. The only question now, will he eclipse de la Rua?
I don't blame most MP readers for being a bit sub-informed. The international media coverage is pretty sketchy and reflects one main concern: is Argentina going to keep paying its debt? On this, I won't include chronically malevolent posters who are mired in obsolete views of the world.
Sep 04th, 2018 - 07:16 pm - Link - Report abuse 0If you scan Argentine news outlets with help from Google translator, however, you will find a variety of analysis that show there is a whole world of possibilities once you exclude Macrism.
I will say this again: No politician is preaching making Argentina a Socialist state. Argentina needs to develop a capitalist economy -- something the Argentine oligarchy has always resisted. Governments such as that of Macri only seek to make the country a commodity exporter, without supporting industrialization. Borrowing for that purpose could make sense; borrowing to keep the lights on, as Macri has done, does not boost repayment capacity, as Argentines are soon going to find out.
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