BUENOS AIRES (Reuters) – For shell-shocked Greeks struggling with temporarily shuttered banks, long lines at ATMs and limits on withdrawals, Argentineans who survived similar financial chaos more than a decade ago have some guidance.
“The advice I would give is to go get your money out of the bank,” said Leo Suckewer, a Buenos Aires restaurant operator, recalling Argentina’s “corralito”, or freeze, on bank accounts in late 2001, aimed at halting a run on banks.
BUENOS AIRES (Reuters) – The presidential campaign of Buenos Aires Mayor Mauricio Macri received a boost on Sunday when his pro-business party took nearly half the votes in a primary election in the Argentine capital he has run for the past eight years.
Macri has built a power base in Buenos Aires, which accounts for nearly 10 percent of the national vote, and is one of three leading candidates for October’s presidential election. President Cristina Fernandez is barred from a third term.
BUENOS AIRES (Reuters) – An Argentine prosecutor on Monday dismissed allegations that President Cristina Fernandez tried to derail an inquiry into the bombing of a Jewish center in 1994, likely marking the end of the case.
Federal prosecutor Javier De Luca was assigned by Argentina’s top appeals court after the case had already been rejected by a lower court in February, a decision upheld by a lower appeals court on account of “lack of evidence.”
LANUS, Argentina, April 14 (Reuters) – Daniel Scioli, the
front-running candidate for the ruling party ticket in
Argentina’s presidential election, has a new buzz word:
“gradualismo”, or “gradual change”.
It is hardly a slogan to set the campaign trail ablaze ahead
of the October 25 election. Instead it illustrates the tightrope
act he needs to pull off as he tries to win the support of
outgoing leftist President Cristina Fernandez’s loyalists while
tapping a rich vein of undecided voters demanding change.
BUENOS AIRES, March 22 (Reuters) – Citigroup Inc said
it has been authorized by a U.S. judge to process two Argentine
debt payments, which could ease tensions between the bank and
the default-hit nation.
The U.S. bank, which acts as custodian of some Argentine
bonds, has been embroiled in a court battle between the South
American country and a group of New York-based hedge funds
seeking full payment on their defaulted sovereign bonds.
BUENOS AIRES, March 9 (Reuters) – Argentina’s government is
considering raising the minimum threshold on income tax as a
sweetener in salary talks with trade unions to avoid unruly
protests in the run-up to October’s ‘s presidential election, a
senior government official said.
Inflation surged about 35 percent in 2014, private
economists estimate. A similar pay hike for public workers would
strain the government coffers, meet resistance from private
companies and stoke inflationary pressures amid a stagnant
BUENOS AIRES (Reuters) – Argentina’s government will purge spies it no longer trusts from the state intelligence agency as part of a major overhaul of the security body, sources familiar with embattled President Cristina Fernandez’s thinking said.
The move comes after lawmakers passed a law on Thursday disbanding the former Intelligence Secretariat, or SI, parts of which Fernandez has portrayed as sinister and out of control, and established a new agency.
BUENOS AIRES (Reuters) – There is no evidence that President Cristina Fernandez tried to whitewash Iran’s purported involvement in a deadly 1994 bombing, an Argentine judge told Reuters in an interview on Thursday after dismissing the case.
On the contrary, the evidence suggested “the government exhausted all possibilities to enable the investigation into the AMIA (Jewish community centre) attack to advance”, said Judge Daniel Rafecas, who showed Reuters copies of the evidence.
BUENOS AIRES (Reuters) – Alberto Nisman was working hard preparing for a congressional hearing on his claim that Argentina’s president tried to whitewash Iran’s involvement in a bombing attack that killed 85 people, a make-or-break day in his career as prosecutor.
In the spotlight since leveling his hefty accusations last week, Nisman needed to make a convincing case, based on a decade of work with spy agencies around the world.
BUENOS AIRES, Oct 1 (Reuters) – Argentina’s central bank
chief resigned on Wednesday after a long tussle with the Economy
Ministry and was replaced with a regulator considered
sympathetic to the interventionist stance of a government
battling one of the world’s highest inflation rates.
The move drew a sharp negative reaction in financial
markets, with the price of Argentina’s local U.S.
dollar-denominated bonds skidding.