The Argentine stock market Merval index fell the most in eleven months following on President Cristina Fernandez plans to overhaul securities rules and force insurers to spend more on industrial and infrastructure projects.
Argentine President Cristina Fernández said that giving youngsters between 16 and 18 years old the opportunity to vote gives democracy more sustainability because “the more people decide, better.”
Mexico will ask a World Trade Organization panel to adjudicate a dispute over trade restrictions with Argentina, said Economy Minister Bruno Ferrari.
The man known in Argentina as “soybean king” said the country was facing a “new industrial revolution”, but factories now won’t have chimneys because they will really be “green factories”.
Former Argentine central bank president, IMF economist and Bank of England consultant Mario Bléjer said that with clear long term policies Argentina could rapidly become the “Saudi Arabia of food” because food demand at world level will grow 20% in the next decade.
Argentine president Cristina Fernández in a national broadcast blasted ‘vulture funds’ retaining the impounded training frigate ARA Libertad in Ghana and pledged never to yield the dignity and sovereignty of the country to these funds.
Argentine Foreign minister Hector Timerman began Monday morning his round of contacts in New York to lobby for the release of the Navy’s training frigate retained in Ghana but suffered a first setback when he met with the president of the UN Security Council, Ambassador Gert Rosenthal.
Argentina confirmed on Monday that most of the crew from the training frigate ARA Libertad retained in Ghana is being evacuated and should arrive in Buenos Aires Wednesday night, in a chartered commercial aircraft. Only a small group of officers and 44 crew members will remain on the impounded vessel for maintenance work.
Uruguay’s tenure of Mercosur rotating chair will be advanced six months meaning that at the coming summit in December Brazil will hand over the next six-month responsibility to the administration of President Jose Mujica, thus skipping Paraguay which remains suspended from the South American trade group.
The branch of Argentina’s organized labour that supports President Cristina Fernandez gave the government forty days to raise the income tax floor, which with double digit inflation is including an ever increasing number of wage earners.