Image source: MercoPress

By Ámbito

El Gobierno oficializó la eliminación de derechos de exportación de diversas mercancías industriales, anunciada la semana pasada por el presidente Mauricio Macri en el marco de la Conferencia Industrial.

Así lo dispone el decreto 160/2015, publicado hoy en el Boletín Oficial, que fija una alícuota de 0% para el derecho de exportación de las mercaderías comprendidas en las posiciones arancelarias de los Capítulos 28 a 40, 54 a 76 y 78 a 96 de la Nomenclatura Común del Mercosur, con excepciones.

En los considerandos, la norma sostiene que... (Read More)

By Yahoo! News

A helicopter that was being used to film a reality TV show for MTV has crashed in Argentina, killing the pilot and a technician. The aircraft crashed into a reservoir in Poterillos de Mendoza in the west of the country. The wreckage is currently lying 60m below the surface of the water.

The Bell 206 helicopter crashed on route to the filming of an episode of the hit MTV show The Challenge, in which contestants complete a series of tasks in order to win prizes. Neither of the two people on board, named locally as pilot Carlos Alberto and technician Luis Marcelo Barrera Zarlenga, were... (Read More)

By NY Times

In her last days in office, she has appointed ambassadors and signed decrees that will drain federal coffers. Her political appointees refuse to resign. She has even antagonized her successor with stinging remarks at public appearances.

After eight years as president, Cristina Fernández de Kirchner clears out her office at the presidential palace on Thursday. But far from preparing the ground for Mauricio Macri, the president-elect, she is obstructing the transition in a final show of muscle, observers say.

“It is by no means a smooth transition,” said Dante Caputo, a former foreign minister. “And it’s not a transition that protects the well-being of the nation. Rather, Mrs. Kirchner seems irritated about having to hand over power, and she’s expressing it by taking decisions that jeopardize Argentina’s delicate economic situation.”
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Mr. Macri, the scion of a wealthy family from outside the political establishment, upended Argentine politics last month by defeating the candidate of Mrs. Kirchner’s leftist party, which has governed for 12 years and was expected to win another four-year term. Mrs. Kirchner was barred by term limits from seeking re-election this year, but she could run again in 2019.
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Her resistance is also widely viewed as a maneuver to build an image as an unyielding opposition leader, especially as she prepares for a power struggle within her political movement.

Mrs. Kirchner’s supporters have long considered Mr. Macri, 56, the center-right Buenos Aires mayor, too close to corporate interests. And as he prepares to roll back her interventionist economic policies with market-oriented changes favored by business leaders, Mrs. Kirchner is refusing to fade into the background and, analysts say, is spraying grit into the machinery of his plans.

“A country is not the same as a business,” she said in a recent speech at a hospital in Buenos Aires in which she reminded Mr. Macri of his small margin of victory, fewer than 700,000 votes in a nation of 43 million. “Nobody should be confused about that.”

Mrs. Kirchner, 62, has also sought to stymie Mr. Macri — already burdened by the largest budget deficit in three decades and critically low Central Bank reserves — by signing a decree broadening a recent court order so that certain funds controlled by the federal government will devolve to all of Argentina’s provinces, not just the few the ruling had applied to. Days later, there was news of another decree that will constrain Mr. Macri, freezing debt owed by the provinces to the federal government.

Even though these moves could eventually be overruled, they were malicious, said Federico Thomsen, an independent economist here. “She would never have done it at the start of her own four-year term,” he said. “It’s a way of showing: ‘We’re leaving in a fighting mood.’ ”

Mrs. Kirchner’s press office did not return calls and emails seeking comment. Aníbal Fernández, her cabinet chief, conceded to reporters that the decree broadening the court order would endanger the payment of state pensions, but said Mrs. Kirchner was simply adhering to her interpretation of the judges’ decision.

As Mr. Macri seeks to reposition Argentina on the world stage — appointing Susana Malcorra, a former United Nations official, as his foreign minister, and distancing the country from socialist Venezuela, Mrs. Kirchner has been making ambassadorial appointments to Cuba, the United Arab Emirates and Australia. Although Mr. Macri can replace those ambassadors, foreign policy experts have criticized her timing.

Her political appointees at public institutions like the Central Bank have also refused to step aside. Mr. Macri, who needs to control monetary policy to carry out his changes, has chosen a lawmaker from his party to lead the bank. But Alejandro Vanoli, a Kirchner appointee whose term ends in 2019, has stood firm.

“It seems clear to me that the president does not want to collaborate,” Mr. Macri told reporters last week. “It feels like she’s fueling this idea of: ‘How many new obstacles and problems can I create for the next government?’ ” There have been voices of dissent even from within Mrs. Kirchner’s political movement.

Mr. Macri could maneuver around congressional checks and balances to remove Mr. Vanoli and other political appointees by decree. But that could jeopardize one of his key campaign promises: to decentralize the government by diluting the power of the presidency.

“It’s complicated for Macri because he won with a commitment to Republican principles,” said Mariana Llanos, an Argentine research fellow at the GIGA Institute of Latin American Studies in Hamburg, Germany. “To remain credible he has to be careful.”

When Mrs. Kirchner and Mr. Macri agreed to meet at the presidential residence here soon after his Nov. 22 victory, many Argentines hoped for a tidy transition. But Mr. Macri said the meeting had been largely pointless because Mrs. Kirchner refused to discuss subjects apart from his inauguration ceremony. Mrs. Kirchner’s press office did not respond to a request for comment on the meeting.

“Cristina Kirchner’s call to Macri seemed to point to an orderly transition,” said Cintia Maldonado, an analyst at Cippec, an Argentine public policy research center. “But then it didn’t pan out as we would have liked.”

Still, Ms. Maldonado said meetings thereafter between departing and arriving cabinet ministers have suggested a thaw in the tensions. After Axel Kicillof, Mrs. Kirchner’s outspoken economy minister, met his successor, Alfonso Prat-Gay, the incoming minister posted news of the “productive” session on Twitter.

Political transitions have often been rocky in Argentina, said María E. Coutinho, a scholar who specializes in the country’s presidential system, partly because there are no established protocols for transitions, like those in the United States and neighboring Brazil. So a smooth transition depends on the good will of the parties involved. “Transitions after a long political cycle are complicated,” Ms. Coutinho said, adding that the unease between Mrs. Kirchner and Mr. Macri recalled the difficult presidential transition of 1999, after 10 years of rule by Carlos Saúl Menem.

Arguments have even broken out about the ceremony details, friction that points to Mrs. Kirchner’s ambitions beyond the end of her presidential term, according to analysts. “She’s playing to the last minute, reluctantly relinquishing power and showing signs that she doesn’t want to disappear from the political arena,” Ms. Llanos said.

Mrs. Kirchner posted a barrage of messages on her Twitter feed on Sunday evening, claiming that Mr. Macri had disrespected her in a phone call about the ceremony, and accusing him of playing politics by seeking to fuel perceptions that she was complicating the transition.

Still, supporters of Mrs. Kirchner played down the tension, with some pointing to Argentina’s turbulent recent history, in which two presidents have relinquished power earlier than scheduled because of crises.

“After eight years in office, she is handing over the presidency in due time and form,” said Cecilia de Cortázar, 29, a math professor. “She has made a lot of Argentines believe in politics again and I reckon that she actually deserves their affection and applause.”

Source: http://www.nytimes.com/2015/12/07/world/americas/her-time-is-up-but-argentinas-president-is-not-going-quietly.html

By BBC

In the future, books about Argentina's economic history in the early 21st Century will have to come with a comprehensive glossary.

South America's second-largest economy has been through so many different economic policies and experiments in the past two decades that a whole new vocabulary has sprung up to explain day-to-day economic transactions.

Buenos Aires' main commercial street, Calle Florida, now has dozens of "little trees" (arbolitos), the name given to black-market traders who buy and sell dollars openly in the streets. They stand around like bushes holding up their green leaves (dollar bills).

Some traders prefer to "make puree" ("hacer puré"), which is to buy dollars from the government and resell them to the "caves" ("cuevas"), the illegal exchange rate shops that deal with "blue" (black-market dollars).

This dynamic jargon is a reflex of a country that has been through a sort of economic rollercoaster ride for the past 15 years.

In 2001, the country had plunged into chaos - politically volatile, financially bankrupt and with violence erupting in the streets. It famously had three different presidents in two weeks.

By the second half of the decade, however, it was one of the fastest-growing economies in the world, on the back of soaring... (Read More)

By The Guardian

While Mauricio Macri of the Cambiemos (Let’s Change) party won Argentina’s recent presidential election, ending 12 years of “Kirchnerism”, the country’s population remains deeply divided on Macri’s centre-right ideology. Some hope that the vote for change will help ease inflation, stabilise the economy and reduce crime rates, while others doubt the former Buenos Aires mayor is the right man to do this and fear another economic collapse. With Macri officially replacing outgoing president Christina Fernández de Kirchner Thursday 10 December, here are some of our readers’ views on Argentina’s recent political shift to the right.

‘I am expectant and hoping for better things to come’
Antonella Pérez Faliti, 21, is studying medicine in Córdoba. Born in Río Negro, on the northern edge of Patagonia, she grew up in San Rafael, Mendoza, where her family still lives. She is optimistic about the election result, and believes the time was right for a change.

“Mendoza and Córdoba are two provinces that have both been... (Read More)

By The Daily Mail

Opposition candidate Mauricio Macri won Argentina's presidential election on Sunday marking an end to the often-combative era of President Cristina Fernandez de Kirchner.

Fernandez, along with her late husband, dominated the country's political scene for 12 years and rewrote its social contract.

Ruling party candidate Daniel Scioli, Fernandez's chosen successor, conceded the vote late last night and said he had called Macri to congratulate him on a victory that promises to chart Argentina on a more free market, less state interventionist course.

'Today is a historic day,' said Macri, 56, as he addressed thousands of cheering supporters as horns were heard blaring across Buenos Aires.

'This is the beginning of a new era that has to carry us toward the opportunities we need to grow and progress,' Macri told supporters at his headquarters, which pulsed with Latin music and was festooned with white and sky-blue balloons, the colors of the Argentine flag.

His victory could also see an improvement in relations with Britain as Macri has indicated he will take a less aggressive and confrontational stance over the disputed Falkland Islands.
Before the election he also said he would not be appointing a Falklands Minister and wanted to have good relations with all countries. 

With 98 per cent of the vote counted, Macri had 51.45 per cent support compared to 48.55 per cent for Scioli.

The victory by the business-friendly candidate, who gained a national profile as president of the popular Boca Juniors soccer club, comes after he did better than expected in the first round on October 25.

The close first round forced a runoff with Scioli, the governor of the vast Buenos Aires province.

Macri, the outgoing mayor of Buenos Aires, hails from one of the country's richest families.

On the campaign trail, he sometimes talked about being kidnapped in the early 1990s, an experience he... (Read More)

By ABC News

Argentina's two presidential candidates on Sunday claimed the other was lying and running from his record during a debate filled with barbs that were clearly aimed at appealing to undecided voters a week before an historic runoff election.

Ruling party candidate Daniel Scioli, the chosen successor of outgoing President Cristina Fernandez, said the economic ideas of opposition candidate Mauricio Macri "were a danger for society" and would "bring Argentina to its knees."

Scioli, the governor of the vast Buenos Aires province, argued that a devaluation of the Argentine peso was inevitable under Macri, as were cuts to popular social welfare programs for the poor and subsidies for everything from gas bills to bus fares.

"Who is going to pay for the huge devaluation?" said Scioli.

Macri, the mayor of Buenos Aires who has run on free-market ideas, countered that the biggest problem facing the country was a government that... (Read More)

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