Earlier this year, Cristina Fernández de Kirchner, Argentina’s president, proffered some advice to European governments facing recession and market panic. Its essence was “stuff the IMF and carry on spending.” It is what she and her predecessor and husband, Néstor Kirchner, have practiced since 2003. Argentina is one of only a handful of countries that refuse all dealings with the IMF. Almost a decade after it defaulted on $90 billion of debt when its economy collapsed, it still has few financial ties with the world and very little bank credit. Yet contrary to repeated forecasts of doom from orthodox economists, the economy is roaring.
Argentina’s economic activity expanded 11.1% last June compared to the same month a year ago, anticipated President Cristina Fernandez de Kirchner during the celebration of the 126th anniversary of the Rosario Chamber of Commerce.
Argentine president Cristina Kirchner has a better image but most interviews believe her husband Nestor Kirchner will finally be the incumbent presidential candidate in 2011, according to a public opinion poll undertaken by Poliarquía for Buenos Aires daily La Nación.
Argentine Cabinet Chief Aníbal Fernández said Sunday that either Néstor Kirchner or Cristina Fernández de Kirchner would be the candidates for the 2011 presidential elections from the ruling party.
President Cristina Fernández de Kirchner said Monday evening that the Mercosur Summit arrives at a very special time in the world economy, especially in all of South America, which has had a very satisfactory performance.
Once the Mercosur summit is over, on Tuesday afternoon, the presidents of Argentina, Cristina Fernández de Kirchner, and of Brazil, Lula da Silva, are to hold a meeting in San Juan to analyse bilateral relations, said Foreign Affairs minister Hector Timerman.
The Uruguayan government and opposition expressed deep satisfaction with the agreement reached with Argentina for the monitoring of the River Uruguay which did not include ‘detrimental sovereignty issues’ and sealed the end to a long standing conflict.
Uruguay and Argentina finally reached on Wednesday an agreement for the joint monitoring of the River Uruguay which should end the long-standing dispute over the construction of the Finnish UPM/Botnia pulp mill dating back to 2005.
Venezuelan president Hugo Chavez office has confirmed he will be participating of the coming Mercosur presidential summit scheduled for next August 3 in San Juan, north of Argentina when the rotating chair of the block will be passing from Buenos Aires to Brasilia.
Uruguayan president Jose Mujica will be meeting with his peer Cristina Kirchner Wednesday in Buenos Aires in what seems an attempt to unbind differences relative to the joint monitoring of the river Uruguay, particularly the Finnish pulp mill UPM/Botnia which is at the heart of the ongoing dispute between the neighbouring countries.