News of economic crisis

Second wave jitters

03-04-2021 08:39 Covid cases in Argentina are picking up faster than ever amid fears of a second wave. It could be punishing for the government if the second wave turns ugly.

by Martín Gambarotta

Missing seven-year-old found ‘safe and well’ after three-day search

20-03-2021 08:01 Maia, missing since Monday, found safely in Luján with captor after massive search effort. Disappearance of seven-year-old highlights number of families living in poverty in Argentina.

2020: The year that was

02-01-2021 09:27 Economic crisis, rising poverty and unemployment, debt talks, creditors, the IMF, wealth tax, squatters, a police mutiny, the failed appropriation of Vicentin, alleged AFI espionage, ‘lawfare,’ corruption, legalised abortion, diplomacy, disappearances, the death of Diego Maradona… a lot happened in Argentina over the past 12 months, but it was all overshadowed by Covid-19.

by Michael Soltys

The first year of the rest of a presidency

12-12-2020 09:08 A bigger game-changer than coronavirus could hardly be imagined, but Argentina remains very much the same country behind the face-masks.

Fernández rules out devaluation, bank-deposit freeze at IDEA

17-10-2020 10:13 Peronist leader sticks to his guns over government policies, telling business leaders that his government is “convinced that this is the path.”

Analysts keep eye on reserves as uncertainty pushes blue dollar to 160

10-10-2020 10:05 Central Bank buys dollars for first time since mid-September, as uncertainty pushes blue dollar sky-high.

Venezuela: Argentina's old/new problem

10-10-2020 09:07 It doesn’t really matter whether Cristina is calling the shots, whether her henchmen are acting independently, or if Alberto is acting out of his own accord, trying to please his vice-president and keep his coalition united. The end result is the same: increased uncertainty, which ultimately feeds Argentina’s risk thermometer: the dollar-peso exchange rate.

by Agustino Fontevecchia

Creditors reiterate support for debt swap

22-08-2020 10:05 Ad Hoc Group of Argentina Exchange Bondholders says members will be entering Argentina’s debt swap proposal to the tune of almost US$5 billion on Monday.

It’s also the economy, stupid

22-08-2020 09:39 Why is anybody even talking about judicial reform? Putting the economy back on track evidently requires more than successful debt negotiations.

Joseph Nye: ‘Trump is the United States’ biggest problem’

22-08-2020 08:51 Harvard professor, ranked by one survey as the most influential international scholar in the world, says that Donald Trump is more of a threat to the United States than Beijing.

by Leandro Dario

Goodbye default my old friend

08-08-2020 08:44 The ultimate question is if this agreement will spare Argentina the ordeal of holdout bondholders – Guzmán will have conjured a miracle if there are none to worry about once this deal is done.

by Martín Gambarotta

Judicial reform and jumping the queue

01-08-2020 09:07 The judicial reform bill announced this week suffers all the problems of Caesar’s wife – it must not only be honourable but seen to be so, a challenge which neither its context nor origin nor timing favour.

Guzmán takes on Wall Street

25-07-2020 08:01 Argentina’s Stiglitz-groomed debt chief has taken on a task many would have turned down. And as talks with bondholders enter a crucial stage, the stakes are higher than ever.

Fernández plays down talk of foreign policy shift on Venezuela

18-07-2020 10:08 President reiterates government’s rejection of economic sanctions against Venezuela, days after Argentina condemned human rights abuses in troubled nation.

UN: Argentina could lose 850,000 jobs in 2020 amid virus crisis

27-06-2020 07:59 Child poverty in Argentina could reach 58% by the end of the year, warns United Nations in new report.

by Lorena Rodríguez

100 days of quarantine

27-06-2020 07:48 On March 20, President Alberto Fernández told the nation in a televised address that all citizens would enter a mandatory quarantine period in an effort to prevent the spread of Covid-19. Though restrictions in some regions have now been loosened, many Argentines are today waking up this morning to their 100th day of lockdown. Here’s a look back at how the pandemic has changed our lives.

by Michael Soltys

Choice of Ramón Carrillo for 5,000-peso bill sparks controversy

23-05-2020 08:04 Health secretary under Perón set to be featured on new banknote, but local Jewish community leaders express anger given his historic links to Nazi Danish doctor Carl Peter Vaernet.

Martin Wolf: ‘This is potentially a hinge moment in history’

02-05-2020 08:25 Martin Wolf, chief economics commentator for the Financial Times, discusses the economic fall-out from the coronavirus pandemic, in an exclusive interview with Perfil’s Jorge Fontevecchia.

by Jorge Fontevecchia

Dying becomes a luxury as economic downturn hits home

06-01-2020 23:20 The cost of buying, renting and maintaining graves and tombs is so high that many in Argentina are opting to cremate their loved ones instead.

González García: 'Argentina's health system in a critical state'

19-12-2019 15:17 Health minister delivered his comments during a presentation to a congressional Budget and Treasury committee, as lawmakers debate Fernández administration's legislative package.