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Economy

The government made two massive announcements yesterday evening, and although the topics have little to do with each other at first sight, it’s hard to think that the timing was a coincidence.

-On the one hand, Economy Minister Martín Guzmán …

Although his phone number is still the same of his days as an ally of former president Eduardo Duhalde, Alberto Fernández believes his destiny is to re-enact Néstor Kirchner’s presidency. Ten months since inauguration, he cannot hide the nostalgia of …

The most ardent enemies and long-time critics of the Kirchnerite decade sometimes used to explain its endurance by citing two factors: “soybean and luck”. It was a reductionist view of why the Kirchnerite economy went 12 years without …

Despite the little effect that the government’s constant economic tinkering is having on the run against the peso, President Alberto Fernández tried to convey a message against a massive devaluation this week, as the country’s highly-restricted official exchange rate continues …

Taking on US dollar denominated debt in Argentina can always lead to big risks, especially when the peso is strong and the market looks happy to lend. But both the Argentine state and Argentine companies have continued to do …

Argentina’s social crisis is starting to resemble some of the worst in the country’s history. Though the scenes in the streets paint much of the story by themselves, the latest poverty and unemployment reports from the INDEC statistics bureau now …

Néstor Kirchner had a routine that he followed religiously during the years of his presidency. Every day he called the Central Bank to know how many US dollars were in its foreign currency reserves. After that, he called the Treasury …

The economic troubles of Alberto Fernández’s presidency are quickly becoming synonymous with those of the country’s Central Bank. Emergency measures to halt the slide of the peso are leading to other mounting problems, requiring ever-growing draconian restrictions that only manage …

The crisis in Argentina’s Central Bank become impossible to hide again this week, as foreign currency has continued to leak out of its reserves, given the subsidized value at which the remaining hard money it holds is being offered to …

Putting an end to its ninth sovereign debt default, Argentina successfully restructured almost all of its USD 65 billion debt with private foreign creditors, as the Economy Ministry revealed that 93 percent of them accepted the government’s offer. That figure …