Recession-hit Argentina opened talks on Wednesday with a team from the IMF, seeking relief from what President Alberto Fernandez says is an unsustainable foreign debt. The delegation, led by Julie Kozack and Luis Cubeddu, arrived in Buenos Aires for a week-long visit as left-wing groups staged public protests to demand a suspension of debt payments.
A challenging week for the administration of Argentine president Alberto Fernandez and his foreign debt strategy. IMF negotiators land in Buenos Aires this Wednesday for their first mission since Fernandez took office in December. Before agreeing to any changes in the terms, negotiators will want to see Fernandez’s blueprint for tackling more than US$ 320 billion in total debt and for rescuing an economy that’s forecast to shrink for a third straight year.
By Grace Livingstone (*) – Former British prime minister Margaret Thatcher is often lauded in the UK for standing up to the Argentine military junta during the Falklands War, but declassified British documents show that her government had far more cordial relations with this regime than her wartime rhetoric suggests. The following article was published by Daily Maverick, a South African online newspaper.
He was considered the guru of Argentine electoral campaigns, the man who helped Mauricio Macri jump from president of one of the two most popular soccer teams in the country, to twice mayor/governor of the City of Buenos Aires and finally to occupy during four years the Pink House, Casa Rosada, defeating the hegemonic Peronist movement.
Israeli Prime Minister Benjamin Netanyahu on Friday congratulated Argentina’s President Alberto Fernandez for his “persistence” in investigating a 1994 bombing of a Jewish community in Buenos Aires.
Argentine President Alberto Fernandez on Monday night confirmed that the national government had no plan to bail out Buenos Aires province, which has a payment due later this month on hard-currency provincial debt.
Argentina's debt talks will face their first big test this month with a US$ 277-million payment due on a Buenos Aires provincial bond, seen as a gauge of how the indebted nation's new government will handle its creditors.
Argentine President Alberto Fernandez said on Thursday he doubts that a prosecutor who died two days after accusing former President Cristina Kirchner of a cover-up in the 1994 bombing of a Jewish community centre committed suicide. But he insisted there isn't a shred of proof that Alberto Nisman was murdered, as his family insists.
Argentine president Alberto Fernandez called for “social responsibility” from business people demanding they don't increase prices above reasonable levels, since “fighting inflation is a battle that involves all of us”.
Argentines ever so suspicious of their currency and so fully confident in the all mighty US dollar, they have some US$ 322 billion hidden in the “mattress”, which means mostly overseas in bonds, shares, real estate, according to the latest figures released by the country's stats office, Indec.