Forbes - Estados Unidos

The construction of a socio-cultural narrative is one of the fundamental building blocks on which political projects are built. President Alberto Fernández, in charge of an eclectic pan-Peronist coalition that spans all the way from the left to the right, has struggled to find his origin myth and the accompanying mythology, beyond relying on the traditional Peronist fables, yet one of his recurring points is to blame the Mauricio Macri administration for the country’s evils, among them excessive indebtedness

Argentina has been hit hard during 2020 by the Covid-19 pandemic and a new series of demand-side shocks that have pummeled an already struggling economy. Argentina has reported over 40,000 confirmed deaths from Covid-19.

21:00 - South Korea reportedly plans to order 20 F-35B stealth jump jets, a strong signal that the South Korean navy is moving forward with development of a light aircraft carrier.

Hay que reconocer que el G7 es una reunión de naciones con ideas afines, por lo que “las acciones de Rusia, lo hacen no elegible, explicó el mandatario.

Friday is shaping up to be yet another Argentina bond default day. If it’s not, then Argentina has its investors to thank. It would mean they agreed to some sort of delay, despite already delaying payment on bonds due in the first quarter to sometime later in the fourth quarter.

On August 11 a super-majority of Argentine voters signaled they did not want President Mauricio Macri to serve another four years, and close to a majority signaled that they preferred the presidential and vice-presidential ticket of Alberto Fernández and Cristina Fernández de Kirchner as Macri’s successor for the 2019-23 period.

If Mauricio Macri is reelected in October it would basically mean two things: The International Monetary Fund is no longer a death knell to the leader who signed the loan in the first place, and Cristina Kirchner and her quasi-communist, closed door, protesters-in-the-street politics are officially in Argentina’s past.

What seems to be holding Argentina back is a disbelief held by international investors and Argentinians alike that the future can be different from the past. Argentina’s history of staggering rises in consumer price inflation, sharp currency devaluations and forced debt restructurings, exacerbated by excessive government spending and widespread corruption, erodes domestic and international confidence.

Cristina Kirchner announced her...vice presidency on May 18. It's an odd twist to her story, but her pick of former chief of staff and political operator Alberto Fernandez as her president shows she knows how toxic she is about to become for left-of-center Peronists in Argentina.