News of argentina crisis

Peru braces for Bolivian migration wave amid turmoil

12-11-2024 11:25 Peru, along with other Latin American nations, are cautiously monitoring economic and political instability in Bolivia.

FOREIGN POLICY & DIPLOMACY

Mondino faces virtual paralysis of Argentina’s diplomatic corps

21-08-2024 12:48 Union grouping Foreign Service employees launches strike action to press a series of pay demands. Government’s restoration of income tax has a heavy impact on the salaries of those representing the country abroad.

by Pablo Varela

VENEZUELA ELECTION

Maduro risks regional rift in stand-off at Argentine Embassy in Caracas

31-07-2024 16:40 A brewing stand-off at Argentina’s embassy in Caracas, where aides to Venezuela’s opposition leader are holed up, threatens to further isolate authoritarian President Nicolas Maduro.

CRYPTOCURRENCIES

Argentina is a record cryptocurrency adopter

25-07-2024 07:06 The country is trending in cryptocurrency savings as residents look to find ways to protect sayings and face inflation. The risks and how you can protect against them.

by Gustavo Winkler

POVERTY IN THE CAPITAL

Crisis creating 300 more homeless each month in Buenos Aires City

17-07-2024 06:57 The number of people sleeping rough in the nation’s capital is rising by 10% a month, according to Buenos Aires City Security Minister Waldo Wolff.

by Ramón Indart

DISINFORMATION ONLINE

Misinformation about Spanish PM online reinforces Milei discourse

24-06-2024 16:04 Various online posts helped fuel the recent diplomatic crisis between Spain and Argentina, with President Javier Milei and officials in Prime Minister Pedro Sánchez’s government pouring fuel on the flames.

ECONOMIC CRISIS

Argentines pawn the family jewels to make ends meet

17-06-2024 14:15 Hundreds of Argentines are selling their jewellery at gold dealerships every day as a last resort to face the economic crisis.

POLITICS & ECONOMY

330,000 porteños have dropped out of middle class in last eight years

15-05-2024 16:26 Shrinking middle class in Buenos Aires is explained by a "generalised decline affecting all social sectors, even the wealthiest," concludes new CEM report.

CRIME & SECURITY

Prison breaks in Buenos Aires: 19 inmates escape in 20 days, many convicts at large

23-04-2024 16:04 Fugitives on the run in Argentina – overcrowding at police stations in and across the capital allows detainees to escape from jail.

FOREIGN POLICY & DIPLOMACY

President Milei cuts short international trip over Mideast crisis

13-04-2024 21:56 President Javier Milei is ending his international trip early to handle his country's response to the crisis in the Middle East.

POVERTY

More hunger, less money: Soup kitchens count rations

15-02-2024 00:33 At community meal centres across Argentina, a dual crisis is biting: the influx of ever more hungry mouths to feed during an economic crisis, and a decision by President Javier Milei's new government to freeze their aid.

BOOKS & LITERATURE

Is Argentina’s publishing industry at risk of extinction?

22-01-2024 08:05 The abrupt fall of demand from the domestic market, disproportionate increases of the price of paper and fuel, deferred payments in a context that is virtually hyperinflationary, the opening of imports and books on sale, the possible repeal of the Law for the Defence of the Book Industry, a lack of state purchases… a potent cocktail is attacking the entire ecosystem of Argentine books.

by Gonzalo Santos

GRIPPED BY CRISIS

In danger of extinction? Middle class slammed by crisis and austerity measures

16-01-2024 17:16 The removal of subsidies, rising rent and the increased costs of prepaid healthcare schemes and private schools are slamming the middle class, specialists warn. March will be a difficult month with the start of classes and the billing of basic public services shooting up.

by Agustina Bordigoni

HOUSING CRISIS

Tenants in Buenos Aires 'desperate' amid inflation and housing crisis

15-01-2024 15:09 Argentina's housing crisis, set against a backdrop of 211% inflation per annum, with rent charges soaring and prices increasingly set in dollars, is leaving tenants feeling helpless.

ARMED FORCES

Military issue: The trauma affecting Argentina and its Armed Forces

01-01-2024 01:25 In countries such as Brazil, the United States or Israel, entering the military is often a prestigious and profitable career path, one frequently chosen by individuals across different social classes and strata. But in Argentina, where the shadow of the dark era of the 1976-1983 dictatorship looms large, mistrust of the military remains high.

by Sabrina Chemen

CROSS-BORDER SHOPPING

Uruguayans pile into Argentina to spend record US$1 billion

30-10-2023 11:11 Uruguayans are taking advantage of Argentina's deep economic crisis with food, vacations and shopping costing a fraction of the price back home.

ECONOMY & SOCIETY

Trash is a lifeline for ‘los cartoneros,’ Argentina’s army of recyclers

20-10-2023 10:52 Argentina’s ‘cartoneros’ emerged in 2001, when the country experienced the worst economic, social and political crisis in recent history. Today, more than 150,000 people face the daily struggle of recycling rubbish in a nation stricken by crisis.

BLOOMBERG – ANALYSIS

Recession, inflation, devaluation: Economic troubles in 5 charts

19-10-2023 13:46 Argentina’s next president will take over in the middle of a financial emergency — which is par for the course in one of the world’s most dysfunctional economies.

BUSINESS & REAL ESTATE

Ex-Soros partner surfs Argentine crisis with real-estate empire

03-10-2023 12:43 Eduardo Elsztain avoided speculative investments in stocks, bonds and derivatives as he built up his empire over the last 30 years. Now his real-estate company IRSA Inversiones y Representaciones is booming, even as Argentina enters recession.

Living with inflation

The Odyssey: Making it to the end of the month amid runaway prices

07-09-2023 12:56 Six Argentines share tips on living with inflation and coping with escalating prices. Recipes for trying to reach the end of the month are very varied, ranging from cutting back on car insurance, not buying clothes, wrapping up to save on gas or disposing of assets to cover debts. Many employees, including skilled workers, don’t manage to reach the end of the month, or at least not without taking on a little debt.

by Agustina Bordigoni

DANCE & CULTURE

In inflation-hit Buenos Aires, tango enthusiasts sway the blues away

06-09-2023 09:36 Many milongas have had to close amid spiralling inflation, but the biting economic crisis cannot keep tango enthusiasts from heading to the capital's dance halls.

ECONOMIC CRISIS

Poverty bites in the Conurbano, but demands go beyond economic

09-08-2023 10:43 Argentina’s economic crisis spares no-one in Greater Buenos Aires. The youngest are the hardest hit. Across the Conurbano, demands are high, but local campaigners say the problems run deeper than soaring prices.

by Ludmila Di Grande

BOOKS & LITERATURE

Inflation woes reach book publishers as the price of paper surges

27-05-2023 06:31 Small publishers at the Buenos Aires International Book Fair discuss the challenges of coping with runaway inflation; Resistant readers help literary houses to survive crisis.

by Api Dhadda

EDITORIAL

April showers bring no May flowers

20-05-2023 07:00 There can be no doubt that inflation is public enemy number one.

POLITICS – ANALYSIS

Peronism’s identity crisis

06-05-2023 06:29 What is under discussion is much more than a candidacy. It is the search for a new leader who, on their own and without intermediaries, is competitive enough to assume power and unify Peronism.

by Gustavo González

CAMPAIGN COMMENTS

Out of the pink (house) and into the blue

29-04-2023 06:55 In a country where the urgent almost invariably displaces the important, Alberto Fernández’s premature entry into “lame duck” status has had immediate consequences.

by Michael Soltys

EDITORIAL

Bucking the trend or a new weight for the peso?

29-04-2023 05:41 The giddy oscillations of parallel exchange rates and the relentless acceleration of prices are moving too fast to leave any margin for gradualism, thus making shock treatment inevitable.

BLOOMBERG – FEATURE

Argentina cracks as peso plunge raises risk of messy devaluation

28-04-2023 12:39 Argentina is moving closer to a breaking point as the government’s desperate measures fail to halt a plunge in the peso, raising the risk of a currency devaluation.

BLACK TUESDAY

Massa’s disobedience, Kirchnerite fury and inflation fears

26-04-2023 11:05 Economy Minister Sergio Massa will force a political debate in the wake of exchange rate crisis. Kirchnerism once again points finger at agricultural producers.

by Ariel Maciel

ANALYSIS

Panic in Silicon Valley

18-03-2023 03:12 The global economy has stepped on another landmine. Increased instability will hurt Argentina, as it did after 2008.

by Agustino Fontevecchia

Inflation Rises

Inflation hit 94.8% in 2022, highest rate in 32 years

12-01-2023 17:34 INDEC reveals that prices increased by 5.1% in December, continuing the general downward trend but accelerating slightly from the preceding month.

EXCHANGE MARKET

Argentina’s black-market peso slumps to record ahead of holidays

29-12-2022 15:33 Argentina's black market exchange rate plunged to a record low this week, with the blue dollar hitting 357 pesos per greenback.

FOREIGN POLICY

Peru political crisis threatens to widen Latin America rifts

15-12-2022 16:40 President Dina Boluarte's administration says it has received the backing of governments in Chile, Ecuador, Uruguay and Costa Rica, underlining split over Peru's political crisis in the region.