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Hernán Lorenzino
Hernán Gaspar Lorenzino (born March 5, 1972) is an Argentine lawyer and public policy maker. He was appointed Minister of Economy of Argentina by President Cristina Kirchner in 2011. Life and times Lorenzino was born in La Plata. His family moved to Puerto Madryn, Chubut Province, in 1974, and Lorenzino was raised in the coastal Patagonia city. He met his future wife there, and together they enrolled at the National University of La Plata, where Lorenzino earned a Law degree and a master's degree in public finance; he later earned a master's degree in Economics at Torcuato di Tella University. He was appointed Provincial Director of Funding Policy and Public Credit for the Province of Buenos Aires by Governor Felipe Solá in 2004, during which tenure he managed the redemption of the remaining Patacón bonds issued as complementary currency by Governor Carlos Ruckauf during the depths of the 2001 crisis. Following the end of Solá's administration in 2007, Lorenzino was appoin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister Of Economy Of Argentina
The Ministry of Economy ( es, Ministerio de Economía) of Argentina is the country's state treasury and a ministry of the national executive power that manages economic policy. The Ministry of Economy is one of the oldest ministries in the Argentine government, having existed continuously since the formation of the first Argentine executive in 1854, in the presidency of Justo José de Urquiza – albeit under the name of Ministry of the Treasury. The current minister responsible is Sergio Massa, who has served since 2022 in the cabinet of Alberto Fernández. Headquarters The Argentine Ministry of the Treasury has, since the building's 1939 inaugural, been based in a 14-story Rationalist office building designed by local architect Carlos Pibernat. The Economy Ministry building was built on a 0.57 ha (1.4 ac) Montserrat neighborhood lot facing the Casa Rosada presidential office building to the north, and the Defense Ministry ( Libertador Building) to the easta government buildi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Felipe Solá
Felipe Solá (born 23 July 1950) is an Argentine agricultural engineer and politician. He previously served as Governor of Buenos Aires Province, from 2002 to 2007, and as Minister of Foreign Affairs and Worship under President Alberto Fernández, from 2019 to 2021. Solá was also Secretary of Agriculture during the presidency of Carlos Menem, and served as Vice Governor of Buenos Aires under Carlos Ruckauf until Ruckauf's resignation in 2002. From 2007 to 2019, he was a member of the Chamber of Deputies. Early life and personal life Felipe Solá was born in Buenos Aires and raised in the upscale Recoleta neighborhood. Solá graduated from the University of Buenos Aires as an agricultural engineer in 1981. Upon graduation Solá worked as a university professor, journalist, and economics counselor and researcher. He married María Teresa González in 1982, and they had two children; the couple were separated in 2003. He met María Elena Cháves in La Plata in 2004, and th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Center-left
Centre-left politics lean to the left on the left–right political spectrum but are closer to the centre than other left-wing politics. Those on the centre-left believe in working within the established systems to improve social justice. The centre-left promotes a degree of social equality that it believes is achievable through promoting equal opportunity.Oliver H. Woshinsky. ''Explaining Politics: Culture, Institutions, and Political Behavior''. New York: Routledge, 2008, pp. 143. The centre-left emphasizes that the achievement of equality requires personal responsibility in areas in control by the individual person through their abilities and talents as well as social responsibility in areas outside control by the person in their abilities or talents. The centre-left opposes a wide gap between the rich and the poor and supports moderate measures to reduce the economic gap, such as a progressive income tax, laws prohibiting child labour, minimum wage laws, laws regulating work ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holdout Problem
In finance, a holdout problem occurs when a bond issuer is in default or nears default, and launches an exchange offer in an attempt to restructure debt held by existing bond holders. Such exchange offers typically require the consent of holders of some minimum portion of the total outstanding debt, often in excess of 90%, because, unless the terms of the bond provide otherwise, non-consenting bondholders will retain their legal right to demand repayment of their bonds at par (the full face amount). Bondholders who withhold their consent and retain their right to seek the full repayment of original bonds, may disrupt the restructuring process, creating a situation known as the holdout problem. The contractual terms for obligating all bondholders to accept a restructuring approved by some supermajority is typically spelled out in what are known as Collective Action Clauses, or CACs. In some jurisdictions, CACs or their equivalents are required under local law, but this is no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Default
A sovereign default is the failure or refusal of the government of a sovereign state to pay back its debt in full when due. Cessation of due payments (or receivables) may either be accompanied by that government's formal declaration that it will not pay (or only partially pay) its debts (repudiation), or it may be unannounced. A credit rating agency will take into account in its gradings capital, interest, extraneous and procedural defaults, and failures to abide by the terms of bonds or other debt instruments. Countries have at times escaped some of the real burden of their debt through inflation. This is not "default" in the usual sense because the debt is honored, albeit with currency of lesser real value. Sometimes governments devalue their currency. This can be done by printing more money to apply toward their own debts, or by ending or altering the convertibility of their currencies into precious metals or foreign currency at fixed rates. Harder to quantify than an int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roberto Lavagna
Roberto Lavagna (born 24 March 1942) is an Argentine economist and politician who was Minister of Economy and Production from April 27, 2002 until November 28, 2005. Despite the fact that he only garnered 6% of the votes in 2019 presidential election and that he lost allies due to his ties with the government, he seeks to consolidate his alliance with the Socialist Party to support the Federal Consensus in the legislative elections of 2021 and increase its presence in Congress. Biography Early life and career Lavagna was born in the Saavedra section of Buenos Aires in 1942. His father, the owner of a linotype printing shop, relocated the family to the western suburb of Morón a few years later, and Lavagna enrolled at the University of Buenos Aires Faculty of Economic Sciences, where he graduated with a degree in political economy in 1967. He then obtained a scholarship to study in Belgium, where he earned a graduate degree in econometrics and economic policy. At the univ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Argentine Debt Restructuring
The Argentine debt restructuring is a process of debt restructuring by Argentina that began on January 14, 2005, and allowed it to resume payment on 76% of the US$82 billion in sovereign bonds that defaulted in 2001 at the depth of the worst economic crisis in the nation's history. A second debt restructuring in 2010 brought the percentage of bonds under some form of repayment to 93%, though ongoing disputes with holdouts remained. Bondholders who participated in the restructuring settled for repayments of around 30% of face value and deferred payment terms, and began to be paid punctually; the value of their nearly worthless bonds also began to rise. The remaining 7% of bondholders were later repaid in full, after centre-right and US-aligned leader Mauricio Macri came to power in 2015. As part of the restructuring process, Argentina drafted agreements in which repayments would be handled through a New York corporation and governed by United States law. The holdout bondhold ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carlos Rafael Fernández
Carlos Rafael Fernández (born 1954) is an Argentine economist and was, from April 2008 to July 2009, the Minister of the Economy of the country. Biography Fernández was born in La Plata, Argentina, in 1954, and was raised in nearby City Bell. Enrolling at the prestigious University of La Plata, he received a degree in economics in 1979, specializing in public administration. Affiliated to the populist Justicialist Party, the new administration of Carlos Menem appointed him Director of National Budget Policy for Provincial Spending. Remaining in the post during the difficult transition of numerous important federal programs to provincial budgets, Fernández was appointed Undersecretary of Budgetary Policy for the Province of Buenos Aires, Argentina's largest, in 1997 by Governor Eduardo Duhalde. Following the May 2003 election of Governor Néstor Kirchner as President, Fernández was named Secretary for Provincial Relations, the President's chief liaison with the nation's Go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 Argentine Government Conflict With The Agricultural Sector
The 2008 Argentine agrarian strike refers to the conflict between the Argentine national government and the 4 entities that represented the agriculture sector. The crisis began in March 2008 with four agricultural sector employers organizations taking direct action such as road blocks to protest against the decision of the government of Cristina Fernández de Kirchner to raise export taxes on soybeans and sunflower. The subsequent political upheaval has seen elements of the ruling Front for Victory speak out against the government and the resignation of Economy Minister Martín Lousteau. History In March 2008, Fernández de Kirchner's government introduced a new sliding-scale taxation system for agricultural exports, effectively raising levies on soybean exports to 44% from 35% at the time of the announcement. The aim was to raise government funds for social investment by increasing the government's share of returns from rising world grain prices, and also to reduce domestic food ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Martín Lousteau
Martín Lousteau (born 8 December 1970) is an Argentine economist and politician of the Radical Civic Union. He is National Senator for Buenos Aires. He was Minister of Economy under the administration of Cristina Fernández de Kirchner, from December 2007 to April 2008. At the age of 37, he was the youngest person to occupy this office in more than five decades. Lousteau served as the Argentine Ambassador to the United States from 2015 to 2017. In 2017, Lousteau joined the UCR but was not part of Cambiemos in Argentine Congress. From 2013 to 2019, he was a National Deputy, representing Buenos Aires. He resigned his bench at the Chamber of Deputies to be sworn in as Senator on 10 December 2019. Early career Lousteau was born in Buenos Aires. He graduated from Colegio Nacional de Buenos Aires. He is a Licentiate in Economics (graduated ''summa cum laude'' from the Universidad de San Andrés), and a Master of Science in Economics (at the London School of Economics). He taug ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Argentine Economic Crisis
Argentines (mistakenly translated Argentineans in the past; in Spanish (masculine) or (feminine)) are people identified with the country of Argentina. This connection may be residential, legal, historical or cultural. For most Argentines, several (or all) of these connections exist and are collectively the source of their being ''Argentine''. Argentina is a multiethnic and multilingual society, home to people of various ethnic, religious, and national origins, with the majority of the population made up of Old World immigrants and their descendants. As a result, Argentines do not equate their nationality with ethnicity, but with citizenship and allegiance to Argentina. Aside from the indigenous population, nearly all Argentines or their ancestors immigrated within the past five centuries. Among countries in the world that have received the most immigrants in modern history, Argentina, with 6.6 million, ranks second to the United States (27 million), and ahead of other immigr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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