Argentine farmers announced on Tuesday they will take to the roads again temporarily suspending grain exports and limiting beef exports to protest scant progress in talks with the government on how to help small- and medium-scale producers who are suffering financially.
Argentina's sovereign debt spreads topped 1,000 basis points on the JPMorgan EMBI+ index 11EMJ on Wednesday as investors worried about the country's ability to keep servicing debt in coming years, amid tighter credit conditions.
Argentina signed an agreement with three banks to attempt to restructure debts to sovereign bond holders who rejected a 2005 settlement over a historic default, the government announced Monday.
María del Luján Telpuk, the former Buenos Aires airport security police officer who last year (August 2007) caught US-Venezuelan businessman Guido Antonini Wilson attempting to smuggle into Argentina a suitcase with 800,000 dollars, said that she was afraid and ratified that she was willing to have a face-to-face confrontation with Antonini.
Argentine private consultants have warned that the 2009 budget bill fails to take into account the new international scenario and lacks a comprehensive approach to inflation, country risk and economic slowdown”.
Serbia's war crimes prosecutors launched proceedings this week against a Hungarian citizen, who had immigrated to Argentina after World War II and returned to Hungary in 1996, on charges that he participated in mass killings of Jews and Serbs during Nazi occupation.
Argentine farmers announced this week they are back on the protest trail: a two-day strike has been programmed for next October 6 and two days later they will march on the capital Buenos Aires.
The recent announcement of Argentine President Cristina Fernandez de Kirchner to consider a proposal for a settlement with defaulted sovereign bond holders and other orthodox approaches to economics have merited an article from The Economist, Better later than never.
In her first speech before the United Nations General Assembly, Argentine president Cristina Fernandez de Kirchner with unabashed satisfaction added the jazz effect to a list of similar financial episodes of recent history: caipirinha effect; tequila effect; rice effect.
Guido Alejandro Antonini Wilson, the star witness of the money-stuffed suitcase scandal which involves Argentine and Venezuelan officials, declared in a federal court in Miami that the plane in which he flew August 2007 to Buenos Aires was carrying a second suitcase with 4.2 million US dollars besides the 800.000 which were seized by Buenos Aires Customs.