Argentine President Cristina Fernández de Kirchner (CFK) referred to plummeting global markets and blasted developed countries for the potential consequences of the crisis. Economy minister Amado Boudou said Argentina was closely following events with concern.
Voter support for Argentine President Cristina Fernandez's re-election rose in the last few weeks but her lead over Congressman Ricardo Alfonsin narrowed slightly as his backing jumped, a poll showed last Wednesday.
“You can vote for Cristina (Kirchner) with your pocket, your heart or with your mind” because the Argentine economy has advanced in all fields, said the country’s Economy minister and vice President candidate for next October election, Amado Boudou.
Three days after Economy Minister Amado Boudou was hand picked by Argentine President Cristina Fernández de Kirchner to be her running mate in the upcoming presidential elections, he took to Twitter to make his first public statements after the nomination.
Argentina Economy Minister Amado Boudou said that the idea of appealing to an only shared currency by Mercosur members generates ‘doubts’ given the European experience, and feels more inclined ‘to stimulate trade with local currencies”, so that each member country can take advantage of monetary policy macroeconomic instruments.
Argentine president Cristina Fernandez de Kirchner picked Economy minister Amado Boudou to be her running mate in the presidential ticket for the October 23 election praising his loyalty and capacity to understand and accept change.
Korea’s Hyundai reached an agreement with the Argentine government by which it will compensate its 91 million US dollars surplus on sales to the local domestic market by promoting exports of peanuts, wine, bio-diesel and soy flour to the tune of 157 million US dollars.
Argentina will be hosting on Thursday the first meeting of the South American Economy and Finance Council that will bring together Economy ministers and Central bank governors from members of Unasur, Union of South American Nations.
Argentina’s former cabinet chief Alberto Fernandez warned that the government is “not looking at the economy as it should” and is risking “all the good things that have been done so far”. He was also very critical of Economy minister Amado Boudou.
Argentina posted a primary budget surplus 1.97 billion Pesos (455 million US dollars) in April, up 4.8% from the 1.88 billion Peso surplus a year earlier, the government said on Thursday.