Argentine Peso slid another 2.18% and the Central bank sold US$ 350 million in reserves

Wednesday, September 5th 2018 - 08:16 UTC

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Argentina’s peso slid further on Tuesday as investors reacted with skepticism to president Mauricio Macri’s plans. Many worry he will not be able to push reforms through a restive Congress amid growing frustration on the streets of Buenos Aires. Read full article

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Enrique Massot
How ironic.

The same who celebrated the arrival to the Argentine presidency of a business-friendly, free-market ideologist and filled their pockets with Argentina's wealth during an unprecedented financial gambling operation for 33 months in a row are now the ones pushing Macri under the bus.

A sorry end for a government to be remembered for the record speed at which it destroyed the country's economy.

A debt audit must be the first act of the new government. Those who gambled with the country's credit card must be exposed and punished.
Sep 05th, 2018 - 08:01 pm - Link - Report abuse -2
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Jonaz_BsAs
Enrique Massot:
“filled their pockets with Argentina's wealth” The coffers were completely empty when Macri came to power and it's simply impossible that they have stolen anything in the vincinity of what the Kirchner stole - their pillage was almost a world record (!)

With regards to being business friendly, Macri's reign has been anything but. If you still believe so, you put emotions above facts. The tax burden in Argentina is at a record high and the private sector is being completely crushed. Just look at the number of PYMEs that have been embargoed by AFIP: Record number under Macri. Business friendly my *ss.

José Luis Espert says it best: Macrism was Kirchnerism with good manners.
From a macro economical perspective, the only thing that changed under Macri was that Argentina got access to international finance which was used very unwisely: To pay public wages. Now that investment banks are pulling out of emerging markets due to the new risk/return panorama, Argentina has been caught with her pants down, once again.

The incompetence of the Macri gov't is embarrassing and by not firing the entire economical team, he shows he's simply not up to task.
Sep 05th, 2018 - 08:34 pm - Link - Report abuse +2
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Enrique Massot
@Jonaz

”...it's simply impossible that (Macrists) have stolen anything in the vincinity of what the Kirchner stole - their pillage was almost a world record (!)”

Wow. I did not know that. Could you please provide details of judgements or sentences regarding stolen money by Kirchnerist officials?

Judges have been busy investigating Kirchnerists - even CFK - for the last few years, therefore I imagine a world-record looting must've been punished accordingly - something I would celebrate as no government should steal public money with impunity.
Sep 08th, 2018 - 01:08 am - Link - Report abuse -2
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