Deputy Chairman of the Argentine Industrial Union (UIA) Cristiano Ratazzi said that President Cristina Fernández “should leave office once her term ends” because those are the rules of democracy, otherwise it is ‘Chavism’.
Argentine President Cristina Fernández left on Tuesday for Russia to attend the G20 summit to begin next Thursday at the Constantine Palace in Saint Petersburg. The president flew on her office’s Tango 01 to Morocco where she changed aircraft to avoid any possible injunction from hedge funds on the presidential transport.
The Chilean government replied strongly to suggestions from Cristina Fernandez referred to President Sebastian Piñera and his personal fortune saying that in Chile ‘the president and high officials once elected must abide by rules of transparency” and that is why the president voluntarily agreed to sell his stake in LAN airlines before taking office to avoid a conflict of interests.
Global efforts to battle trade protectionism need to be reinforced to help shield the fragile economic recovery across the world said a report released on Monday by the European Commission in which it claims Brazil and Argentina are among the main offenders when it comes to import duties hikes and government procurement limitations.
A court hearing in New York scheduled for Thursday midday between hedge funds holders of Argentine defaulted bond and lawyers for the Argentine government was called off on request from the holdouts.
Uruguay’s First Lady and Senator Lucia Topolansky said that for her fellow countrymen having a dispute with Argentina is “like fighting with yourself” and described as ‘painful’ the several years long conflict between the two countries over the construction of the UPM (former Botnia) pulp mill on a shared river.
Uruguay and Argentina presidents Jose Mujica and Cristina Fernandez seem to have ironed out differences, at least in public and in the pictures, during the inauguration of a gasoline and diesel de-sulphuring plant in Montevideo, which was financed with Venezuelan funds and Argentine technology.
The opening of a new sovereign debt swap announced by Argentine President Cristina Fernández on national television on Monday has received strong support from allies, pledges of neutrality from the main opposition party but also criticisms.
Argentina bonds in dollars, protected by local legislation fell the most in four months after President Cristina Fernandez announced she’s sending a bill to Congress to reopen the debt swap so that holders of the 7% of pending non restructured debt can normalize their situation in similar conditions.
Argentine President Cristina Fernandez got involved in the Lan Chile hangar conflict at the Buenos Aires metropolitan air terminal by praising the performance of re-nationalized Aerolíneas Argentinas and claiming that while foreign carriers can exploit the Argentine domestic market, “there is no reciprocity from other countries”.