Second black day for Argentine markets and Peso; panic at a possible return of Cristina Fernandez and Kirchnerism

Friday, April 26th 2019 - 09:59 UTC

Full article 6 comments

Argentine bonds and the country’s embattled peso currency fell for a second day on Thursday, cranking up the challenge facing President Mauricio Macri as his drop in the polls ahead of knife-edge elections later this year unnerves investors. Read full article

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golfcronie
Ask Cristina to bank roll the peso, she has plenty tucked away somewhere, how can someone get so rich on the Presidents salary? It beggars belief.
Apr 26th, 2019 - 10:52 am - Link - Report abuse +3
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Livingthedream
Why would a country reelect someone that's been accused of so many wrong doings is mind boggling!
Apr 26th, 2019 - 01:20 pm - Link - Report abuse +3
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Enrique Massot
For his first three and a half years in office, president Mauricio Macri blamed the “heavy inheritance” of the CFK government for his inability to steer the Argentine economy in the right direction.

It now appears that, for the last six months of his term, Macri is going again to blame CFK for the catastrophic crisis that is growing by the day. This time is not because of the “heavy inheritance” but because of what may happen if Cristina returns to government in October.

Macri's numerous decisions that include dropping export taxes, massive private foreign borrowing and later the decision to ask for an IMF loan are not up for scrutiny, in the president's view.

In any event, let's be clear on one thing: Argentina's next government, no matter who forms it, will need to restructure the foreign debt because there is no way the country can manage to service its debt in 2020.
Apr 26th, 2019 - 03:41 pm - Link - Report abuse -3
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The Voice
The spectre of KFC is rising! Argentina collapses. Get your £s and $s here!
Apr 28th, 2019 - 09:07 am - Link - Report abuse +1
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Enrique Massot
Nobody will be able to say there was no warning: The Voice is diligently telling us in postings below every single MP story about Argentina:

”Kentucky Fried Chicken's (KFC) spectre is rising“ while ”Argentina collapses.”

No doubt, exceptional circumstances require exceptional measures. From now on, I am becoming vegetarian.
Apr 28th, 2019 - 04:14 pm - Link - Report abuse -1
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golfcronie
The way things are going in Argentina everyone will be going vegetarian, they won't be able to afford the luxury of beef.
Apr 29th, 2019 - 10:49 pm - Link - Report abuse +1
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