Another torrid week for the peso and lira
Tag: Argentina’s
The IMF agrees to beef up Argentina’s bail-out
An extra $ 7bn, paid out faster
The IMF agrees to beef up Argentina’s bail-out
All smiles: Dujovne and Lagarde THE three-year, $ 50bn credit line agreed on with the IMF on June 7th was intended to halt Argentina’s currency crisis. The peso had lost a quarter of its value against the dollar since the start of the year as investors fled to safe havens. It kept sliding. On August […]
Markets bash Argentina’s and Turkey’s currencies again
THE first YouTube video, posted in 2005, showed the site’s 25-year-old co-founder standing in front of elephants at the San Diego zoo. One of its most recent videos is a little different: it shows Argentina’s president, Mauricio Macri, explaining why he needs the IMF to stand in front of the bears destroying his country’s currency. […]
Argentina’s currency crisis is far from over
Too pricey to drown sorrows ON A residential street corner in Buenos Aires, Van Koning Market sells imported beers to the city’s well-heeled. Since it opened in June last year costs have soared. The peso has plummeted, meaning wholesale prices have shot up. Inflation is running at 26%; the reduction of government subsidies means the […]
Diego Maradona was living his best life before Argentina’s must-win World Cup match
Alex Livesey/Getty Images Argentine soccer legend Diego Maradona was engaging in some ridiculous, must-see behavior during the build-up to Argentina’s crucial World Cup match against Nigeria. Maradona could be seen dancing, yelling, and waving banners with his own image on it. Maradona’s antics have alread spawned memes. Argentina has had a disastrous start to the […]
These 3 stats show how truly awful Lionel Messi was during Argentina’s humiliating 3-0 loss to Croatia
Getty Images Argentina suffered a shock 3-0 loss against Croatia in a 2018 FIFA World Cup game on Thursday. Wilfredo Caballero’s goalkeeping howler led to Croatia’s opening goal, but Lionel Messi — Argentina’s captain — struggled to make an impact. In fact, three key statistics indicate how truly awful Messi was. Messi, considered one of […]
Argentina’s economic woes
ON MAY 8th, as the peso continued to tumble, Mauricio Macri, Argentina’s president, addressed his nation on television. His government had opened negotiations with the IMF for a credit line in order to “avoid a crisis like those we have faced before in our history”. That steadied the peso. But it also brought back painful […]
Forget Patagonia, could Salta be Argentina’s next adventure playground?
Anja Mutic April 9, 2018 Share this article Year-round good weather and a host of unbelievable landscapes are turning Salta, in Argentina’s northwest, into the country’s next adventure frontier. But is the region ready for an influx of international tourists? A bright-blue 1928 Ford ‘Model A’ Phaeton blares along Route 40 from San Miguel de […]
Investors snap up Argentina’s 100-year bonds
ONE hundred years ago, Argentina was not the country it is today. Thanks to a belle époque of lavish foreign investment, rapid inward migration and bountiful agricultural exports, its GDP per person in 1917 was comparable to that of Germany and France. Although the first world war brutally interrupted international trade and investment, the country […]
