Worldcrunch
-Analysis- BUENOS AIRES — Argentines are surprised when they hear Europeans are worried the dollar is becoming cheaper. But there’s reason for it. Cheaper dollars mean that foreign products will flood the old continent, which, of course, is good for importers. In Argentina, most people believe that a strong peso is better than a weak […]
BUENOS AIRES — Inflation has become a palpable reality in Argentina, as citizens face regular hikes in consumer, energy and transport prices. The 100-peso bill is now worth a quarter what it was in 2007, and several banks have suggested to the Central Bank that it start printing notes in larger denominations. Currently, 100 pesos […]
How did the Argentine economy arrive at a point of complete exhaustion, asks Brazil’s leading daily. Here’s a checklist of the errors made over the past decade.
SANTIAGO – The U.S. Federal Reserve’s recently announced stimulus package, designed to strengthen the American economy, offered a clear reminder of the huge gap that exists today between Mexico and the rest of Latin America. While Mexico enthusiastically applauded the Fed’s decision to begin pumping $40 billion per month into the U.S. economy through the […]