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Opposition candidate pledges to respect Argentina's debts and rejects defaulting

Friday, August 23rd 2019 - 09:54 UTC
Full article 3 comments

Argentine presidential candidate Alberto Fernández said on Thursday that no one wants a default for the country and he's ruling it out if elected. The center-left candidate appeared to be trying to calm investors who reacted to his strong finish against conservative President Mauricio Macri in an initial round of voting by battering Argentina's stocks and currency. Read full article

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  • Zaphod Beeblebrox

    “...he's ruling it out if elected.”

    Simply ruling it out will not be enough. He needs a plan to prevent it.

    “...said it's “an error” to raise the issue.”

    An error? Maybe this is a mis-translation, but I think it makes perfect sense that the question is asked given that the country was in technical default when run by CFK.

    “Macri's loss, and fears of a potential return to interventionist policies by a leftist administration, hit markets, crashed the peso currency and sent stocks and bonds tumbling.”

    Which has probably shocked Fernandez too!

    “...he asked his leftist rivals to offer detailed economic plans to calm investors and help dispel uncertainty.”

    Good advice. Will it be taken?

    Aug 23rd, 2019 - 04:59 pm - Link - Report abuse 0
  • imoyaro

    Ain't gonna happen. That said, it's time to wait for ”Après le déluge...

    Aug 25th, 2019 - 04:47 am - Link - Report abuse 0
  • :o))

    Somebody is S00N going to start begging more aggressively!

    Aug 27th, 2019 - 09:36 am - Link - Report abuse 0

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