Argentina Again

September 2022 Forums General discussion Argentina Again

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    Once more Argentina is in the depths of an economic crisis

    Argentina’s central bank has raised its main rate of interest to 69.5% as it tries to contain soaring inflation.

    The bank put up its 28-day benchmark rate by 9.5% percentage points, its second hike in as many weeks.

    It comes as new figures showed inflation in the country had hit a 20-year high of over 70%. The country’s inflation rate is forecast to top 90% by the end of the year. Its finance minister has pledged to not call on the central bank to print more money this year to fund government spending.


    Economic meltdown in Argentina

    The situation is not different than when this article was written. No more parrilladas workers are becoming vegetarians due to the high cost of beef, chicken, sausages, beef sweetbreads and porks. Wines ( Malbec ) are getting expensive and there is a shortage of glass bottles


    Argentina produces food for 400 million people – yet amid soaring inflation and the daily struggles of people there is scarcity.

    7 million pensioners, of which 86 percent are getting the minimum amount every month demand a better income.


    Argentina’s vice president is threatened by a man wielding a hand

    September 2, 20221:44 AM ET

    A police investigator works in his van at the scene where a man pointed a gun at Argentina’s Vice President Cristina Fernandez during an event in front of her home in Buenos Aires, Argentina, Sept. 1, 2022.
    Natacha Pisarenko/AP
    BUENOS AIRES, Argentina — A man tried to kill Argentina’s politically powerful Vice President Cristina Fernández outside her home, but the handgun misfired, the country’s president said.

    The man was quickly overpowered by her security officers in the incident Thursday night, officials said.

    President Alberto Fernández, who is not related to the vice president, a former president herself, said the pistol did not discharge when the man tried to fire it.

    “A man pointed a firearm at her head and pulled the trigger,” the president said in a national broadcast following the incident. He said the firearm was loaded with five bullets but “didn’t fire even though the trigger was pulled.”

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