Tag: Hernán Lorenzino

• Monday, September 24th 2012 - 22:50 UTC

  IMF warns Argentina on stats: next time (December 17) it’s a red card

  

  IMF Managing Director Christine Lagarde warned Argentina on Monday that the multilateral lender is willing to show it a red card if by December the government of Cristina Fernández does not meet its promises of providing reliable inflation and GDP statistics, during a conference at the Peterson Institute in Washington DC.

• Saturday, September 22nd 2012 - 05:04 UTC

  Argentine opposition describes budget bill as “inconsistent and false”

  

  The Argentine opposition strongly criticized the budget bill sent to Congress and questioned the real growth of the economy during the current year, wondering who are the real holders of sovereign bonds tied to GDP growth maturing later this year.

• Thursday, September 20th 2012 - 22:59 UTC

  Finance minister tells Congress world crisis will not affect Argentina

  

  Finance minister Hernan Lorenzino said on Thursday that the international crisis will not affect Argentina and attributed this to the policy of drastically cutting the country’s sovereign debt which now stands at only 40% of GDP.

• Friday, August 24th 2012 - 06:03 UTC

  Argentina blasts the credit-risk agencies and warns of global “anarchy-capitalism”

  

  Members from the Argentine government defended the “Kirchner inclusive development model” and blasted the credit-risk rating agencies while warning of the existence of a financial “anarchy-capitalism” which is suffocating the economies of the world.

• Saturday, August 18th 2012 - 06:00 UTC

  Conflicting reports on Argentine performance, but economy rapidly slowing

  

  Argentina's economic activity remained flat in June compared to a year ago, according to the latest release from the country’s questioned stats office, Indec. The EMAE economic activity index, a close proxy for GDP published on Friday showed a 1.1% expansion in June versus May and 2.5% in the first half of the year.

• Tuesday, July 31st 2012 - 04:04 UTC

  Cristina Fernandez prepares another ‘independence day’ celebration next Friday

  

  Argentina is ready to cancel next Friday a bond issue which was handed out to residents with bank deposits victims of the so called “corralito” (paddock) in 2002 when the collapse of the Argentine economy and financial system.

• Thursday, April 26th 2012 - 01:21 UTC

  Repsol’s numbers are ‘false’ and caused ‘great damage’ to the Argentine economy

  

  Three Argentine ministers denied as “false” that YPF, under control of Spain’s Repsol had invested more than 20 billion dollars in the company since 1999, arguing the fall in Argentine oil and gas production and reserves is clear evidence of that.

• Sunday, April 22nd 2012 - 23:01 UTC

  Argentine seizure of YPF will be addressed at the June G20 meeting in Mexico

  

  The Argentine government decision to nationalize Spain’s Repsol owned YPF will be discussed in June in Los Cabos, Mexico, during the G-20 summit.

• Thursday, April 19th 2012 - 05:53 UTC

  Senate leader announces Argentina will also seize YPF natural-gas branch

  

  Argentina will seize natural-gas producer YPF Gas SA as part of plans to boost control of its natural resources and increase production, two days after seizing oil producer YPF SA.

• Thursday, January 26th 2012 - 05:11 UTC

  Global crisis reaches Argentina’s shores “but we are going to have a good year”

  

  Argentina’s Economy Minister Hernán Lorenzino admitted on Thursday that the global economic crisis has had an impact on the country but nevertheless “we are going to have a good year”.