Seeking to change the blue for the “Cristina dollar”

La Nacion May 13, 2013 By Jorge Oviedo The government plans to end the currency exchange crisis with an experiment that it will be perfecting: nobody can handle dollars, except for the state.  It’s the dictatorial formula that Malaysia applied, which has followers in Argentina and that was even once recommended by economists of Plan… Read more

Reserves swap negotiated with China for US$10 billion

Ambito Financiero May 13, 2013 By Pablo Wende The government decided to move forward in negotiations with China to close a deal on a new swap of international reserves.  It would advance with a similar scheme to that from 2009, reached in the midst of the international crisis but which has already expired.  Now the… Read more

Post-model: neither Cristina, nor Lanata

Infobae May 13, 2013 By Yamil Santoro How to beat Kirchnerism?  How to unite the opposition? While the mobilizations are one interesting way to make clear our disagreement with this government, they don’t represent an alternative to it.  To be opponents doesn’t come to sustain a banner, nor complaining about everything that Kirchnerism does and,… Read more

Argentina’s grand plan to recover US dollars is about as worthless as its own currency

Quartz May 13, 2013 By Roberto Ferdman While hustlers in Buenos Aires secretly buy dollars on the street, the Argentine government is openly begging for greenbacks. Fears of Argentina once again defaulting on its debt have sent the country into a dollar-hoarding frenzy, and government restrictions on the amount of US dollars locals are allowed… Read more

Blog: The Unrelenting Hypocrisy of Cristina Kirchner

May 10, 2013 The irony cannot be lost that President Kirchner demands justice (for herself!) in foreign courts, but has made it a matter of her nation’s global strategy to flout the rule of law in international courts and to undermine the independence of her own judiciary. Case in point, in early May, Cristina Fernandez… Read more

Do you trust this Lady to look after your dollar savings?

MercoPress May 9, 2013 Former Central Bank Governor Alfonso Prat Gay said the government of President Cristina Fernandez with the tax amnesty is trying to stop the leak of treasury reserves and making fools of those good citizens that comply with the law and pay taxes. “The national government has just given another sign of… Read more

A new extravagance

La Nacion May 9, 2013 By Carlos Pagini The last 48 hours will occupy a highlighted place at the time of narrating the present historical cycle.  In them is condensed a rite of passage: democracy entered into a new geometry, where two points can determine more than a straight line, and in that parallel ones… Read more

Lie to Me

International Herald Tribune May 8, 2013 By Daniel Politi BUENOS AIRES — How much inflation is there? Who can buy dollars legally? Who really runs the economy? All are simple questions, but in Argentina they can be major puzzles. Lately they’ve tripped up even some top officials who are otherwise well-trained at giving shifty answers… Read more

The government launches a tax amnesty to attract cash into the economy

La Nacion May 8, 2013 By José Hidalgo Pallares  | LA NACION With the backdrop of an exchange rate gap that is more than 90% between the official and parallel dollar, a trade surplus that in the first quarter of this year plunged by half and Central Bank reserves at their lowest point in the… Read more

It’s a promise: no devaluation for Argentina, says Cristina Fernández

Financial Times May 7, 2013 By Ian Mount The words certainly sound familiar. But not in a good way. In a nationally televised address on Monday evening, Argentine President Cristina Fernández de Kirchner vowed not to devalue the peso while she was in office, because to do so would hurt the poor and the middle… Read more