The administration of President Cristina Fernandez sent on Wednesday to congress the tax amnesty bill to tap undeclared dollar assets, in the country and overseas, generating a cascade of critical reactions from well known economists while the ‘blue dollar’ in the parallel market seemed to ignore the announcements and kept climbing to a new record high.
Argentina Deputy Economy minister Axel Kicillof pledged “to look into” the growing parallel market for the US dollar because it is harming many innocent people who have nothing to do with speculation and claimed that ‘certain economists’ and media are encouraging speculation with the greenback.
Despite the tax amnesty bill and investment options pledged by the government of President Cristina Fernandez, the dollar kept climbing in Argentina. After breaking the key psychological barrier of 10 Pesos to the dollar on Tuesday, the blue dollar which trades on the parallel market climbed again on Wednesday another 37 cents to reach 10.45 Argentine Pesos.
Brazil and Argentina are trying to address their economic and trade differences so that they can reach a long-standing, long term solution, said Marco Aurelio García, the Brazilian Executive advisor on foreign issues and trouble shooter for this kind of conflicts.
Argentine president Cristina Fernandez honoured the memory of the 323 crew members from the cruiser “General Belgrano” who lost their lives during the Malvinas war, “today, 31 years ago” and described the British torpedo attack on the vessel as “a criminal and coward action”.
“Under the corrupt populist government of President Cristina Fernandez Argentina is back on the road to ruin” is the kick off for an extremely critical report to be discussed by the US Congress and which was drafted by Douglas Farah, senior research fellow at the International Assessment and Strategy Centre under the heading of “Back to the future”.
When a million angry Argentines flooded the streets earlier this month to protest her government, President Cristina Fernandez decided to post a message on Twitter, but then could not stop and kept twitting.
Argentina’s Federal Planning minister Julio de Vido called on Buenos Aires province mayors to defend the Cristina Fernandez government model and predicted a solid victory in the mid term legislative elections of next October.
Brazilian president Dilma Rousseff said during a joint conference with her Argentine peer Cristina Fernández at Government House in Buenos Aires that she was certain the Vale mining company “would find a way to reach an agreement with the Argentine authorities” on the suspended project.
Argentina’s Lower House passed early Thursday morning after an overnight and at time chaotic debate the most controversial bills contained in a judicial reform which the administration of President Cristina Fernandez is obsessed in having approved before mid May.