WEATHER ALERT
Meet the influential women behind Argentina’s President-elect Javier Milei
Read full article: Meet the influential women behind Argentina’s President-elect Javier MileiArgentina's populist President-elect Javier Milei lacks a group of well-known political advisers but has surrounded himself with a group of women who are set to be influential players in his administration.
Argentina's third-place presidential candidate Bullrich endorses right-wing populist Milei in runoff
Read full article: Argentina's third-place presidential candidate Bullrich endorses right-wing populist Milei in runoffFormer Argentine presidential candidate Patricia Bullrich has endorsed right-wing populist Javier Milei for next month’s runoff.
Argentine peso plunges after shaggy-haired rightist who admires Trump comes first in primary vote
Read full article: Argentine peso plunges after shaggy-haired rightist who admires Trump comes first in primary voteThe Argentine peso plunged Monday after a shaggy-haired 52-year—old anti-establishment candidate who admires former President Donald Trump came first in primary elections that will help determine the country’s next president.
Apparent assassination attempt against VP roils Argentina
Read full article: Apparent assassination attempt against VP roils ArgentinaAn apparent assassination attempt against Argentina’s powerful Vice President Cristina Fernández has shaken the country and threatened to further roil its tumultuous political scene.
Argentine congress debates abortion rights; activists gather
Read full article: Argentine congress debates abortion rights; activists gatherAbortion-rights activists rally outside Congress as lawmakers debate a bill on its legalization, in Buenos Aires, Argentina, Thursday, Dec. 10, 2020. The lower house is expected to vote on a legal abortion bill presented by President Alberto Fernndez. It is a historic demand and it has to do with solving a public health problem,” Laura Salomé, an abortion rights activist, said outside congress. Abortion rights and anti-abortion demonstrators gathered in separate, designated areas under tight security. Minors under 16 years old who seek an abortion can exercise “their rights through their legal representatives,” according to the bill.
Argentina slaps controls on the peso
Read full article: Argentina slaps controls on the pesoThe move is an attempt to stop money pouring out of the country and shore up the country's foreign currency reserves, which are being depleted rapidly as Argentina attempts to support the peso. The currency crisis poses a huge risk to Argentina, which signed on to a $57 billion bailout with the International Monetary Fund last year. Fears are rising that the country could default again, since Argentina has "significant exposure" to dollar-denominated obligations, according to Moody's, which downgraded Argentina's rating last week. S&P Global Ratings said last week that the decision to extend the maturity of short-term debt constituted a brief default under the rating agency's criteria. The capital controls are a reversal for Macri, who eliminated a similar policy instituted by his predecessor, Cristina Fernndez de Kirchner, after he took office in 2015.
Argentina's peso falls 15% after surprise election
Read full article: Argentina's peso falls 15% after surprise electionBUENOS AIRES - A surprise result in Argentina's primary election sent the country's currency and stocks plunging Monday, with investors fearing that populists could replace the country's current, business-friendly government. Two exchange-traded funds that track Argentina's stocks fell more than 20%. Fernandez's running mate is his left-wing Cristina Fernandez de Kirchner, who was Argentina's president before Macri. The primary vote essentially functions as a national poll ahead of the election. Benjamin Gedan, director of the Argentina Project at the Wilson Center called the short term reaction from the markets "absolutely brutal."