Argentina’s flight of capital remains steady having reached 5.5 billion US dollars in the second quarter of the year, 11.2 billion in the first half and 43.1 billion US dollars since the second quarter of 2007, when the first signs of the global crisis, according to the latest data from the Argentine Central Bank.
Argentine farmers said on Saturday that the camp is “no longer a tame cow to be milked” by a “predatory government” and blasted “inefficiency and wrong policies”.
Argentine President Cristina Fernandez de Kirchner announced this week a bill that will limit the amount of funds discretionally disbursed by the Executive under the so-called superpowers.
After having reached an understanding with Brazil, Paraguay next month plans to begin negotiations with Argentina to claim better conditions for the power generated from the Yaciretá dam which both countries share.
Brazil and Argentina reached “relatively productive” results following the Sao Paulo meeting of the bilateral trade monitoring committee to address the ongoing restrictions imposed by Argentina to Brazilian exports, according to diplomatic sources from both sides.
A total of 393.209,7 tons of seafood was landed in Argentine high seas ports between January first and 27th. July 2009, which represents 36.1% less than the 614.850 tons of the fist half of 2008.
Argentina’s main trade unions confederation, CGT, and the chamber of small and medium enterprises, CAEM, energetically supported trade protection measures imposed by the government and which triggered complaints and irritation among Mercosur country members.
Argentine farmers have again warned that if “urgent solutions” are not forthcoming” it’s almost certain “we’ll be facing an even greater conflict”.
Capital flight from Argentina has reached proportions similar to those of 2001, according to economist Rodrigo Alvarez from consultants Ecolatina. He warned it was imperative for the government to restore confidence given the overall perception that “there is a limited capacity to solve problems”.
An overwhelming majority of Argentine women, 95%, are dissatisfied with their bodies and the main reason is over weight, according to a public opinion poll released Saturday by one of Buenos Aires main dailies, Clarin.