News of crisis

Decision on future of Venezuela's opposition 'government' postponed

29-12-2022 14:14 Venezuelan opposition leader Juan Guaidó puts off decision on whether his "interim government" should be dissolved.

World economy faces more pain in 2023 after a gloomy year

27-12-2022 09:56 International Monetary Fund expects the world economy to expand in 2023, with growth of 2.7%. The OECD is forecasting 2.2% growth.

Time slows down in the Argentina of the Fernandezes, Massa & Macri

12-11-2022 07:09 Over the last few months, it’s felt as if time has slowed down in Argentina, once again.

by Agustino Fontevecchia

Time is fast running out

12-11-2022 07:04 Argentina’s unhappy plight owes much to the ruling class’s strong adherence to the fixed-term political system which is enshrined in the Constitution.

by James Neilson

Sunak names team of familiar faces to steer UK through crisis

27-10-2022 02:29 Prime Minister Rishi Sunak named an experienced Cabinet to lead the UK through what he called a “profound economic crisis,” only to face immediate criticism for reappointing a series of scandal-hit former ministers to senior government jobs.

Incoming PM Sunak inherits UK economy in crisis

24-10-2022 14:31 Britain's next leader inherits a UK economy that was headed for recession even before the recent turmoil triggered by Liz Truss.

Eduardo Levy Yeyati: ‘Devaluation is political kryptonite’

02-09-2022 12:00 Economist, public policy specialist and dean of the Government School of Torcuato Di Tella University Eduardo Levy Yeyati on the challenges facing Sergio Massa and Argentina’s economy.

by Jorge Fontevecchia

Wind blows in favour of Argentina’s GM crops

24-08-2022 15:18 Genetically modified crops, which have for years been heavily criticised by environmentalists, are benefitting from new technological developments and health and safety approvals overseas.

Credibility gap the widest of all

13-08-2022 06:52 Massa is widely assumed to model his ambitions on Brazil’s Fernando Henrique Cardoso but even subordinating all else to that goal does not automatically make his policies more predictable.

Inflation hit 7.4% in July – highest monthly rate since April 2002

11-08-2022 19:11 Official data reveals prices in Argentina up 71% over the last 12 months; prices have surged by 46.2% so far this year according to INDEC.

Cristina at it again with her own VAR against judiciary

25-07-2022 17:41 Vice-President blasts Supreme Court for convicting her in advance and compounding economic crisis, presidential defence.

Ports in a storm

25-07-2022 15:56 Why is Boris Johnson out of office, but Alberto Fernández clings on? The simplest answer to that question lies in the difference between parliamentary and presidential democracy.

by James Neilson

Drifting towards a black hole

09-07-2022 07:30 Hyperinflation looms; Argentina is flat broke, but the people who wield most political power think the only way to solve problems is to throw freshly-printed money at them.

by James Neilson

Leaps in the dark

09-07-2022 06:00 Always subordinating economic policy to electoral strategy in classic populist style, Cristina Fernández de Kirchner seems convinced that a 2023 election irretrievably lost with Martín Guzmán’s IMF orientation can be turned around with an extreme transformation.

Batakis sends message to markets as she’s sworn-in as economy minister

04-07-2022 22:17 Argentina’s new economy minister Silvina Batakis says she believes in “fiscal balance” and says Argentina needs “more exports” and to “revalue our currency.” Vowing to talk to the IMF soon, she says that the government's segmentation plan to alter subsidies for public utilities will continue.

Batakis takes reins of Argentina’s economy as markets tumble

04-07-2022 21:34 Silvina Batakis declares that she "believes in fiscal balance" as she is sworn-in as economy minister.

Crisis, more than a middle name

02-07-2022 07:00 Few keywords have been more constant throughout my 34 years of newsroom experience than “crisis.”

by Michael Soltys

The fateful 30th month of the Fernández-Fernández administration

02-07-2022 07:00 President Alberto Fernández has been hit by a crippling run on the peso that has stretched out over several weeks during the 30th month of his Presidency, as an exhausted economic model has failed to generate confidence and Central Bank reserves.

by Agustino Fontevecchia

Report: Latin America's children lost more than a year's learning due to pandemic

05-06-2022 14:02 Children who have returned to school in Latin America after closures imposed due to the coronavirus pandemic have lost between 1 and 1.8 years of learning, according to a new World Bank report.

Billionaires promote CO2-removing schemes to protect climate

24-05-2022 15:41 CO2 removal is a necessary weapon in the battle to stop global heating accelerating beyond a point of no return; technology to do so remains prohibitively expensive and must be ramped up significantly, as the world emits 40 billion tonnes of CO2 each year.