MercoPress. South Atlantic News Agency
Argentine Peso slides to an all time low and country risk climbs to almost 800 points
The Argentine Peso slid to all-time lows against the dollar as concerns about inflation, weak growth and October's presidential election weighed. The currency has lost 14% so far this year and the weakness raises fears of a repeat of the currency crisis of 2018 when the Peso lost half its value against the dollar. Read full article
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Disclaimer & comment rules“We have a serious monetary policy, a balanced current account and budget and we generate almost the same quantity of dollars we need.” Argentina president Mauricio Macri.
Mar 29th, 2019 - 02:13 pm - Link - Report abuse 0Not a surprising to hear daily lies from a president who was elected while still under trial for illegal telephone spying...a situation quickly solved after he took office.
Macri, as anybody with a minimum amount of information knows, is done. Many wonder whether Argentina can endure another seven months of mismanagement. The future government will need to manage a country in life support.
Many within Cambiemos are seriously considering replacing him as presidential candidate in the October election with someone who is less involved with the horrendous results of the last three years.
Meanwhile, MP star commentators Zaphod, imoyaro and golfcronie haven't seen the above story -- they are too busy scrutinizing Florencia Kirchner's health issues...
Not at all, Kamerad/Komrade, as I have pointed out before, you won't have any ability to threaten your neighbors. Admittedly, if La Asesina gets reelected, the Army will be able to once again sell its ammo to the drug gangs, and small chemical companies will again be exporting meth precursors to the Mexican cartels. That's got to be a boost, if only ephemeral...
Mar 30th, 2019 - 05:02 am - Link - Report abuse 0By posting an incoherent comment about the above story, imoyaro confirms he won't address the current terminal crisis that is the result of over three years of Macri government.
Apr 01st, 2019 - 03:25 am - Link - Report abuse 0Indeed, imoyaro rambles because he has nothing to say about a government he greeted with enthusiasm three years ago.
Here, MP archives, July 4, 2016, imoyaro post under story titled: Cristina Fernandez calls on the opposition leaders to 'fulfill' their role checking on Macri's administration.
“You are old enough to know that changing an economy takes usually 3 years, 2 at best.”
Seven months into the Macri government, it was already clear he was leading the country in the wrong direction. However, at the time imoyaro and a crowd of commentators were cheering Macri no matter what and celebrated the judicial harassment of CFK, just like imoyaro rejoices CFK's daughter Florencia illness.
Now, the likes of Jack Bauer, Chicureo, Conqueror et al have all prudently retreated and are perhaps busy about easier topics -- Argentina's case has beaten them all.
Only stalwarts such as imoyaro, golfcronie and Zaphod still attempt some postings to keep the fun going--but they are making less and less sense as the “market-friendly” Macri government continues destroying Argentina.
Pitiful, really.
“Meanwhile, MP star commentators Zaphod, imoyaro and golfcronie haven't seen the above story...”
Apr 01st, 2019 - 05:23 pm - Link - Report abuse 0Thanks for calling me a “star”.
I'd seen the story, but it isn't really new news is it? The peso has been a mess for a while (at least 10 years). At least Macri has eliminated the fiction and distortion around the blue peso. Do you remember that?
And your ongoing blaming of Macri isn't new either. You seem to be under the illusion that Argentina was a paradise with low inflation, low unemployment, a high value peso, low external debt etc. etc. under CFK, and Macri messed it all up. No, it was a disaster! No, or fake statistics to hide the true mess the country was in, defaulting on debts and huge levels of corruption etc. Macri has failed to turn this mess around completely but do you really think CFK could have done a better job given that her track record was a complete disaster?
On a number of occasions, I have presented independent economic data on Argentina that shows some (admittedly not all) indicators have improved (or stopped getting worse) under Macri, but you tend not to respond. If you cannot acknowledge that fact that some of Argentina's numbers have improved under Macri, can you answer either of these questions that I have asked you before but you haven't answered:
What are the opinion polls saying?
How did CFK get to be so massively rich?
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