The slump in global oil prices will reduce Argentina's energy import bill by several billion dollars, a development that could ease pressure on the Central Bank’s strained foreign-currency reserves, according to Economy minister Axel Kicillof.
Pope Francis dismissed on Sunday reports that he had called for a meeting between representatives from President of Cristina Fernández government and members of the Argentine Industrial Union (UIA) and organized labor CGT union, with the supposed aim of discussing economic issues.
The presence this week of Brazilian president Dilma Rousseff next to Cristina Fernandez at Argentina’s Industrial Union, UIA annual conference was considered a major integration success and highlights the growing interaction of the two leading Mercosur partners.