Argentina’s lower house of congress is debating today legislation that pardons tax dodgers who invest undeclared funds in either the construction industry or in bonds to finance increased oil and gas production.
An open primary on Aug. 14 is becoming more urgent for Argentine President Cristina Fernandez de Kirchner’s re-election efforts after a string of defeats in regional votes undermined support for the government.
Argentine President Cristina Fernandez de Kirchner showed she has enough support to be re- elected in October after voters backed her stewardship of South America’s second-biggest economy in an open primary.
Argentine President Cristina Fernandez de Kirchner has won over farmers who just three years ago were blocking roads with tractors to protest higher export taxes and can count on their support as she seeks re-election on Oct. 23.
Argentina is printing money five times faster than Ben S. Bernanke’s Federal Reserve, fueling a surge in inflation that’s saddled debt investors with the worst dollar-based returns in emerging markets this year.
Argentine President Cristina Fernandez de Kirchner is likely to be re-elected by a landslide today as voters reward her for economic growth that has masked mounting imbalances caused by double-digit inflation.
Argentine lawyer Julio Cesar Duran wanted to exchange a pocketful of pesos for $10 to give as a gift to his two grandsons. With the government clamping down on dollar purchases, the tax agency rejected his request.