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Entries with Keyword economic crisis

Inflation and currency instability at the Central Bank have made Economy Minister Martín Guzmán accelerate his efforts to show a path of fiscal austerity, which he sees as an alternative to the disorderly devaluation that he wants to avoid.…

-The ruling Frente de Todos coalition, with Máximo Kirchner acting as its spearhead in the House of Representatives, secured the passing of a one-time emergency wealth tax in the lower chamber yesterday morning by 133 votes in favor vs. 115 …

Martín Guzmán has repeatedly said in his interviews and press conferences since swearing in as Alberto Fernández’s Economy minister that one of his main goals would be to “tranquilize” the economy.

After two years of constant runs against the peso …

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 …

Cristina Fernández de Kirchner does not speak in public often, but she still becomes the pole of attraction in Argentine politics almost every time she does. Last week was no exception, with a letter on the 10th anniversary of …

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 …