Members from the Argentine government defended the “Kirchner inclusive development model” and blasted the credit-risk rating agencies while warning of the existence of a financial “anarchy-capitalism” which is suffocating the economies of the world.
Argentine President Cristina Fernández is in “in a good health condition” after she cancelled all her official activities on Wednesday due to a low blood pressure bout, doctors informed on Thursday.
The administration of President Cristina Fernandez again challenged the United States on the “trade restrictions in place against Argentine products” which it claims are part of “a protectionist policy inconsistent with from the World Trade Organization”.
The Argentine government on Wednesday promulgated the tax agreement reached with Uruguay geared to lower fiscal evasion and elusion plus avoiding double taxing for residents from the neighbouring countries.
The current war of words over trade barriers going on between the US and Argentina further escalated tensions on Wednesday as Argentine Ambassador to the US Jorge Argüello highlighted: “the United States has been reported for a number of trade law violations.”
Argentina’s trade surplus reached 1.014 billion dollars in July, which is 54% higher than the same month a year ago. Exports totalled 7.4 billion and imports 6.37bn according to the latest release from the official stats office, Indec.
Argentine president Cristina Fernandez had to cancel all her Wednesday activities because of a lipothymy episode (low blood pressure) and was instructed to rest for the rest of the day at the presidential residence in Olivos.
Three Argentine economists, particularly close to the government of President Cristina Fernandez have admitted that the Argentine Peso is overvalued and is causing problems for non commodity exports which need to be addressed.
Argentine consumers’ inflation expectations for the next twelve months reached a record of 39.8% climbing for the third month running, according to the latest release from the University of Torcuato Di Tella.
Argentine lawmaker and close counsellor of President Cristina Fernandez Carlos Kunkel rejected on Tuesday the idea that the ‘Kichnerite era’ could end if President Cristina Fernández is not re-elected in 2015 presidential elections as has been suggested by some of her followers and the opposition.