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Argentina extends curfew as COVID-19 cases rise
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Global Cases Top 150 Million; Biden s Tough Call : Virus Update
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Money Printer Goes Quiet and Argentine Government Gets Squeezed
Bloomberg 8 hrs ago Ignacio Olivera Doll
(Bloomberg) The Argentine central bank’s fight against inflation is upending the local bond market and squeezing government finances as the country struggles to regain traction while the pandemic rages on.
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Long known as some of the world’s most prolific money printers, Argentine policy makers are cutting back on the largesse in an effort to curb inflation running at more than 40% a year. While the move toward orthodoxy has often been urged by economists, the timing is difficult. Slower expansion of the money supply over the past six months has cut liquidity and sapped demand for debt, pushing up interest rates and making it harder for the government to fund itself given its lack of access to overseas markets.
Gollán bets on tougher measures for fifteen days
A group of advisers to the Argentine President assessed the coronavirus situation Monday, after which further restrictive measures to be announced shortly appear inevitable.
The last time Cabinet Chief Santiago Cafiero and Health Minister, Carla Vizzotti, held a work meeting at the Casa Rosada with various infectious disease experts that is exactly what happened. It would be unreasonable to believe the same group of experts would have different solutions. It shall be up to the President to decide whether to follow their advice and to which extent.
The presidential emergency decree (DNU) which imposed the latest restrictions onto the Buenos Aires Metropolitan (AMBA) area expires on April 30. However, those restrictions included the suspension of on-site schooling to which the City of Buenos Aires (CABA) turned a blind eye and went on as per its own plans in a case for which the Federal Supreme Court has claim
شاهد صف دراسي في الهواء الطلق احتجاجاً على إغلاق المدارس
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