Tag: Roberto Lavagna

• Wednesday, August 21st 2013 - 00:23 UTC

  “Devaluation of the Argentine Peso is a fact of the market”, says Lavagna

  

  Former minister and ex-presidential hopeful Roberto Lavagna warned that the Argentine economy is going through “the worst scenario possible” since the market has already adapted to the devaluation of the Peso, but the government of President Cristina Fernandez in its fantasy refuses to acknowledge it.

• Tuesday, May 14th 2013 - 18:58 UTC

  Argentine inflation controversy: court vindicates private stats agencies

  

  An Argentine appeals court threw out the fines that Domestic Trade Secretary Guillermo Moreno had slapped on private firms that issued inflation estimates that were much higher than the government’s official rate.

• Friday, December 14th 2012 - 05:15 UTC

  Argentina announces payments of over 3.5bn dollars in GDP-linked bonds

  

  Economy Minister Hernán Lorenzino announced on Thursday Argentina will be making payments for more than 3.5 billion dollars in GDP-linked bonds, at the Economy Ministry.
  Lorenzino presented the payment as a triumph against the hedge-funds.

• Monday, December 10th 2012 - 05:51 UTC

  Dollar clamp represents the failure of Argentina’s energy policy, says Lavagna

  

  Former Economy minister Roberto Lavagna said that it will take Argentina “at least three years” to liberate the country from the ‘dollar clamp’ if as of this month it was decided to execute a policy to end restrictions on the purchase of foreign currency.

• Monday, November 26th 2012 - 04:46 UTC

  Argentina heading for its first negative balance in tourism in ten years

  

  For the first time since 2002 Argentina is forecasted to end the tourism year with a negative balance totalling 2.3 billion dollars compared to a positive one of 304 million dollars in 2011, according to consultants Ecolatina.

• Thursday, October 18th 2012 - 00:57 UTC

  Hedge funds targeting Argentina miss the target: BIS deposits free from embargoes

  

  Switzerland’s government rejected a law suit filed by US hedge funds asking to set an embargo on Argentina's assets deposited in Switzerland based Bank for International Settlements as they claim the payment of a 1 billion dollars debt.

• Tuesday, September 25th 2012 - 23:12 UTC

  Lavagna tells Kirchnerites to stop clapping and give true picture of the Argentine economy

  

  Argentine former Economy Minister Roberto Lavagna considered the “economic model” led by President Cristina Fernandez administration is entering “a clear downfall” and slammed Kirchnerite politicians, unionists and businessmen “for, out of fear, clapping at political rallies instead of saying what they really believe about the economy”.

• Monday, September 24th 2012 - 01:44 UTC

  Opposition begins to organize to prevent the re-re-election of Cristina Fernandez

  

  Argentine Radical party chairman Mario Barletta said on Sunday that “he is really convinced” that the government of President Cristina Fernandez will advance with a constitutional reform bill and highlighted the petition campaign that the party is carrying out in order to express its discontent.

• Thursday, July 12th 2012 - 07:09 UTC

  Argentine economy suffering from a mix of stagnation and strong inflation

  

  The stagnation of the Argentine economy at the end of the first half of the year is “palpable” and so is tension in the money exchange market because of the restrictions on the purchase of US dollars imposed by the government of President Cristina Fernandez, according to a report from economic advisors Ecolatina from Buenos Aires.

• Friday, May 14th 2010 - 04:20 UTC

  Italian Defaulted Bond Holders Seem Prepared to Accept Argentine Debt-Swap Plan

  

  In an extensive report, the Task Force Argentina (TFA)—which represents Italians holding some 4.5 billion US dollars in defaulted Argentine sovereign bonds—gave an ambiguous declaration over Argentina's debt-swap plan.