Tag: Argentina

• Monday, November 16th 2015 - 08:15 UTC

  Cristina Fernandez overspending to the last Peso and credit before leaving

  

  Outgoing Argentine president Cristina Fernandez will be leaving not only the Central bank reserves exhausted but also a budget deficit which is estimated at 7% of GDP by the end of the fiscal year, equivalent to 400.000 million Pesos, according to the country's National Auditing Office, AGN.

• Monday, November 16th 2015 - 07:49 UTC

  Presidential debate: not much substance but a clear fading of the Kirchnerite confrontation spirit

  

  With a repeat of their respective campaign strategies, not much content, and less replies Argentina's presidential candidates, incumbent Daniel Scioli and opposition hopeful Mauricio Macri debated during 75 minutes in four main blocks following clearly established rules of two minutes presentations and one minute question and answer.

• Monday, November 16th 2015 - 06:36 UTC

  Argentina's Kfir contract questioned by Air Force: they lacked “a weapons' system” and radar

  

  The number three man in the Argentine Air Force refused to sign the purchase of 14 Israeli refurbished Kfir fighter jets, an operation involving 360 million dollars, and which supposedly would have given the depleted service a breath of fresh air.

• Saturday, November 14th 2015 - 12:48 UTC

  Argentine analyst says 8% decide their vote on Election Day

  

  There is an 8% of voters who decide on ballot day whom they prefer and will support, and “they definitively decide the election, even more when it's a runoff”, according to Jorge Giacobbe an Argentine political pollster and analyst.

• Saturday, November 14th 2015 - 12:29 UTC

  The economy and the role of the state expected to be center piece of Argentina's Sunday presidential debate

  

  Sunday's presidential debate in Argentina will most probably concentrate on economic policy mainly for two reasons: one that the current system with a dollar clamp, export duties, heavy influence of the government and wild spending has the economy on the verge of collapse; but the option of orthodox policies with drastic cuts in spending, salaries and possibly jobs and consumption is also seen as fearsome.

• Saturday, November 14th 2015 - 11:52 UTC

  Argentina needs confidence and positive expectations to attract investment and develop

  

  Any country, any economy needs confidence and positive expectations, and that is what is lacking, and has been lacking in Argentina for many years, said Jorge Brito, head of the Association of Argentine banks, who nevertheless warned about the impacts of a 'rough' adjustment on the economy.

• Friday, November 13th 2015 - 08:09 UTC

  Argentina the 'main obstacle' in reaching a trade accord with the EU, claims Uruguay

  

  It's a fact, Argentina is the 'main obstacle' for Mercosur to advance in reaching a trade agreement with the European Union, and Venezuela, the latest incorporation to the group, is also hindering efforts, revealed Uruguay's Economy minister Danilo Astori during a conference on the country's investment prospects.

• Friday, November 13th 2015 - 07:46 UTC

  The new Argentine congress will have a dominating 'Kirchnerite' presence

  

  The recently elected members of Argentina’s new congress will be taking the oath on 3 December, and numbers show that the current coalition of president Cristina Fernandez, Victory Front, will retain the first minority in the Lower House, while it will enjoy a comfortable majority in the Senate.

• Thursday, November 12th 2015 - 08:29 UTC

  Kirchners' ex minister claims poverty in Argentina is similar to that of the 2001/02 crisis

  

  Argentina's former Secretary of Culture José Nun said that “current poverty” in the country “is similar to that which preceded the 2001/02 crisis”, and underlined that he “would never vote” for the presidential incumbent candidate Daniel Scioli, who was handpicked by outgoing head of state Cristina Fernandez.

• Thursday, November 12th 2015 - 07:49 UTC

  Argentina's purchase of Israeli fighter jets will be left to next government

  

  Argentine defence minister Agustin Rossi has announced that negotiations for new fighter jets are under way, but will be left to the next government to purchase. Rossi’s decision comes only a day after the Argentine government announced the purchase of Israeli manufactured Kfir fighters.