Tag Archives: Argentina

Argentina Eyes on Macri

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In Buenos Aires all eyes have been on newly elected Argentine president, Mauricio Macri to fix the inflated state of the country’s economy. Macri was elected in December and promised Argentina’s citizens that he would curb inflation. But 8 months later there were reportedly tens of thousands rallying in front of the presidential palace in an “anti-Macri demonstration.” Some labor leaders and citizens are angry at the trajectory of the economy and for good reason. INDEC, the national statistics institute, stated that prices went up by 4.2% in May and The Wall Street Journal reported that unemployment rose to 9.3%. Continue reading Argentina Eyes on Macri→

Argentina’s Tale of Debt Struggle

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Argentina has been the center of global discussion for the past 14 years. No, it’s not because of its amazing soccer players or its spectacular waterfalls. The reason that Argentina has been the topic of debate is due to its decision to simply not pay back it’s debt of $100 billion. Argentina saw it could not provide the government services that their people needed, so they told the world they were going to sweep their debt under the rug. How do global entities and foreign lenders deal with a country that refuses to pay back their loans? Well, Argentina’s investors Continue reading Argentina’s Tale of Debt Struggle→