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MercoPress, en Español

Montevideo, November 17th 2024 - 03:35 UTC

Tag: Federico Sturzenegger

  • Wednesday, October 16th 2024 - 10:04 UTC

    Argentine state workers announce 36-hour strike

    Deregulation Minister Federico Sturzenegger's wickedness has no limits, ATE's Aguiar insisted

    As the economic policies of Argentine President Javier Milei keep taking their toll on ordinary citizens, state workers represented by the ATE (Asociación de Trabajadores del Estado) labor union will stage a 36-hour stoppage on Oct. 29 and 30 to seek a course change. “We can't stand this government any longer,” ATE Secretary-General Rodolfo Aguiar said Tuesday. “We have to deepen the plan of struggle,” he added after a federal plenary with delegates from all over the country.

  • Tuesday, September 17th 2024 - 10:55 UTC

    Sturzenegger underlines new conditions for Aerolíneas Argentinas strikes

    The State-run carrier needs to have a profit before demanding any salary increase with taxpayers' money, Sturzenegger underlined

    Argentine Deregulation Minister Federico Sturzenegger recalled that, as per President Javier Milei's Decree 831/24, the aviation industry had become a basic service and therefore the right to unrestricted strikes grounding all flights would no longer be possible. Sturzenegger made those remarks through his X account after last week's labor measure affecting over 37,000 travelers nationwide when Aerolíneas Argentinas pilots and crewmembers demanded wage updates to keep up with the country's rampant inflation.

  • Friday, July 5th 2024 - 10:33 UTC

    Milei creates Ministry of Deregulation and Transformation of the State

    Presidential Advisor Sturzenegger has been chosen for the new position

    The Government of Argentina announced Thursday the creation of a Ministry of Deregulation and Transformation of the State to be headed by Economist and former Central Bank (BCRA) President Federico Sturzenegger, who will be sworn in Friday.

  • Wednesday, June 19th 2024 - 20:14 UTC

    Argentina: Milei reckons June's inflation to rebound

    Failing to reach a zero fiscal deficit is also the consequence of politicians delaying the approval of the so-called Bases Law, Milei argued

    Argentine President Javier Milei admitted that his country's process of curbing inflation would be making “a pause” from the 4.2% the National Institute of Statistics and Census (Indec) announced for May this year. In addition to a rebound in the decline, there will be no zero deficit, the Libertarian leader also admitted.

  • Tuesday, October 1st 2019 - 09:55 UTC

    Argentina's recurring nightmare

    Federico Sturzenegger, the central bank governor from 2015 to 2018, argues that proper accounting implies that public debt was 40% of GDP, not 22%

    By Andrés Bello (*) - Argentine President Mauricio Macri seems almost certain to lose his country’s presidential election next month, after committing the same kinds of economic policy mistakes that so many of his Peronist predecessors made. It is a tragic and catastrophically disappointing denouement.

  • Friday, June 15th 2018 - 06:56 UTC

    Forex run in Argentina: Macri appoints new Central bank president

    The appointment of Finance minister Luis Caputo to head the central bank follows several weeks of currency volatility that led Argentina to seek IMF support

    Argentine president Mauricio Macri appointed Finance Minister Luis Caputo as president of the central bank on Thursday, after the outgoing head of the bank resigned and acknowledged having lost credibility.

  • Thursday, May 24th 2018 - 08:44 UTC

    Dollar/Peso challenge: Argentina offers to swap one-month Lebacs for long term papers

    “It’s worthwhile to make a small effort to re-profile Lebacs to avoid having such a high concentration of maturities in the short term,” Federico Sturzenegger said

    Argentina’s central bank moved on Wednesday to improve its debt profile by offering to swap some of its one-month Lebac securities for paper of longer duration, the bank said in a statement.

  • Tuesday, April 24th 2018 - 07:22 UTC

    IMF forecasts Argentina will grow 2% this year because of the drought and fiscal shortcomings

    Central Bank Governor Federico Sturzenegger has indicated that if the inflation rate stays high, interest rates will be going back up in order to meet the 15% target.

    The International Monetary Fund’s (IMF) World Economic Outlook update for April 2018 has reduced its expectations of growth for Argentina this year, and its projected annual inflation rate largely exceeds the 15% goal set by president Mauricio the Macri administration in December 2017.

  • Tuesday, April 17th 2018 - 08:14 UTC

    Argentina's inflation hard to beat: “inflation has to fall a lot in May”

    “Inflation has to fall a lot beginning in May” to meet the 15% target Central bank chair Sturzenegger said at a press conference.

    Argentina’s central bank would raise interest rates if inflation does not fall “a lot” beginning in May to a level consistent with its 2018 target for a 15% rise in consumer prices, central bank Governor Federico Sturzenegger said on Monday.

  • Thursday, March 8th 2018 - 09:35 UTC

    Argentine central bank anticipates volatility in the money exchange market

    Central bank president Federico Sturzenegger anticipates volatility

    Argentines will have to get used to the volatility of the money exchange rate, advised Central Bank president Federico Sturzenegger on Wednesday when the US dollar (a sacred reference for Argentines) reached a new historic high above the 20 Pesos. (Actually 20,69 for retail sales and 20,69 for wholesale operations at the end of trading).

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