Tag: Mauricio Macri

Monday, August 26th 2019 - 18:51 UTC
Tens of thousands march in support of Macri in Buenos Aires and other cities

Tens of thousands of Argentines jammed streets in the capital Buenos Aires and other cities on Saturday to show support for conservative President Mauricio Macri, who is facing a tough fight heading into general elections in October in a country beset with economic challenges.
Friday, August 23rd 2019 - 09:54 UTC
Opposition candidate pledges to respect Argentina's debts and rejects defaulting

Argentine presidential candidate Alberto Fernández said on Thursday that no one wants a default for the country and he's ruling it out if elected. The center-left candidate appeared to be trying to calm investors who reacted to his strong finish against conservative President Mauricio Macri in an initial round of voting by battering Argentina's stocks and currency.
Thursday, August 22nd 2019 - 16:26 UTC
Argentina will support the Peso with international reserves

Argentina will not allow a chaotic fall in the peso and will use its dollar reserves to bolster the currency against political uncertainty that has swept the country since the Aug. 11 primary election, Treasury Minister Hernan Lacunza said on Wednesday.
Thursday, August 22nd 2019 - 09:55 UTC
Argentina default “possible”, but not “probable”, says credit rating agency Fitch

Argentina could be downgraded again by Fitch Ratings if further weakness in the Peso boosts the risk of default, the agency’s head of sovereign ratings said in an interview. Argentina has issued billions of dollars worth of bonds denominated in U.S. currency.
Wednesday, August 21st 2019 - 09:56 UTC
Stabilizing the Peso, priority of the new Argentina finance minister; markets still unconvinced

Argentina's new finance minister made stabilizing the country's battered currency his top priority on Tuesday, while still pledging to meet commitments made to the International Monetary Fund, which is sending a team to Buenos Aires.
Wednesday, August 21st 2019 - 08:52 UTC
Argentina’s Economic Crisis: Who to blame?

Argentines remember the role the IMF played in the last depression. They also remember the improvement in their lives under Kirchnerism. The following was published by The New York Times.
Tuesday, August 20th 2019 - 07:40 UTC
Francis involvement in Argentine politics, is “an idea belonging to science fiction”

A bishop had denied point-blank any involvement of Pope Francis in Argentine politics, following on August 11 presidential primaries, which have quashed President Mauricio Macri's reelection aspirations, increasing opposition candidate Alberto Fernandez chances of taking office next 10 December, while Latin America's third economy was driven into financial chaos as the word default creeps intensely as a possibility in the near future.
Monday, August 19th 2019 - 08:58 UTC
Fernandez wants to renegotiate IMF loan terms, in current conditions Argentina can't repay its debts

Opposition candidate, Alberto Fernandez, said that Argentina would struggle under present conditions to repay a loan to the International Monetary Fund and he would seek to renegotiate the repayment terms, according to an interview published on Sunday by the newspaper Clarin.
Sunday, August 18th 2019 - 10:09 UTC
Macri reshuffles cabinet: Argentina has a new Economy minister

Argentine Economy Minister Nicolas Dujovne resigned on Saturday, capping a week of market chaos that followed President Mauricio Macri’s stunning loss in a primary vote. Apparently, his resignation was on the table since last Tuesday.
Friday, August 16th 2019 - 07:53 UTC
Dollar volatility in Argentina eases in line with political dialogue

Argentine markets bucked the dismal three-day losing streak on Thursday, amid signs of political compromise and a new central bank measure to prop up the embattled currency.