Business, politics & losses
The fall of the Bolivarian régime and its ruinous fallout for Argentina
Today 15:18 Argentina’s economic relationship with the Bolivarian Republic of Venezuela left a negative balance difficult to hide. From Hugo Chávez’s financial loans to Néstor Kirchner to failed trade agreements, expropriations and non-payments, the link translated into lost dollars, lost markets and troubled national companies. Bonds with usurious interest rates, unpaid exports, truncated energy projects and forced nationalisations marked almost three decades of a political alliance which, in economic terms, proved to be costly and ruinous for the country.
