MERCOSUR: Es una broma
Dicho de otro modo, la moneda argentina está sobrevaluada en un 80 por ciento y esto nos recuerda otros tiempos en que el gobierno de Argentina trató de mantener el valor del peso argentino al mismo nivel del dólar de Estados Unidos, algo que solamente fue posible mediante la venta de las reservas de oro en una situación que condujo al no pago de la deuda externa.
Argentina todavía está forzada a lidiar con más de cien acreedores internacionales y contiendas legales relacionadas con el no pago de su deuda externa. Hay un abismo que separa las declaraciones realizadas por la Presidente de Argentina y las realidades nacionales y regionales.
MERCOSUR, or what should be MERCOSUR, does not exist. Argentina's protectionist measures are exactly the opposite of what should be happening within a regional alliance. Argentina's President Cristina Fernández, constantly talks about increases of regional trade when facts show that exactly the opposite is happening.
The government of Argentina increases restrictions to imports on a daily basis in a desperate attempt to avoid bankruptcy. At one point, the difference between the official parity exchange rate and the market exchange rate (Argentina's peso - USA Dollar) was 80%.
In other words, the currency of Argentina is overvalued by 80% and this brings memories of other times when the government of Argentina pegged Argentina's peso to the USA Dollar, something that could only be maintained by selling gold reserves, something that led to Argentina's default of its foreign debt.
Argentina is still dealing with more than a hundred international creditors and facing legal challenges because of the default of its foreign debt. There is an abyss between what President Fernández says and what is really happning both nationally and regionally.
MERCOSUR, o lo que supuestamente tendría que ser MERCOSUR, no existe. Las medidas proteccionistas argentinas son exactamente lo opuesto a lo que debería ocurrir en una alianza regional. La mandataria argentina, Cristina Fernández, habla constantemente de aumento del intercambio regional cuando las realidades demuestran lo contrario.
El gobierno de Argentina incrementa casi a diario las restricciones a las importaciones en un intento desesperado por evitar la bancarrota. En un momento determinado la diferencia entre los valores de divisas – cotización oficial y cotización de mercado – respecto del dólar de Estados Unidos fue de un 80%.
Argentina todavía está forzada a lidiar con más de cien acreedores internacionales y contiendas legales relacionadas con el no pago de su deuda externa. Hay un abismo que separa las declaraciones realizadas por la Presidente de Argentina y las realidades nacionales y regionales.
MERCOSUR, or what should be MERCOSUR, does not exist. Argentina's protectionist measures are exactly the opposite of what should be happening within a regional alliance. Argentina's President Cristina Fernández, constantly talks about increases of regional trade when facts show that exactly the opposite is happening.
The government of Argentina increases restrictions to imports on a daily basis in a desperate attempt to avoid bankruptcy. At one point, the difference between the official parity exchange rate and the market exchange rate (Argentina's peso - USA Dollar) was 80%.
In other words, the currency of Argentina is overvalued by 80% and this brings memories of other times when the government of Argentina pegged Argentina's peso to the USA Dollar, something that could only be maintained by selling gold reserves, something that led to Argentina's default of its foreign debt.
Argentina is still dealing with more than a hundred international creditors and facing legal challenges because of the default of its foreign debt. There is an abyss between what President Fernández says and what is really happning both nationally and regionally.
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