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New President Coming Into Office and Morbid Economy

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New President Coming Into Office and Morbid Economy

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Mauricio Macri vowed during his election campaign to lift currency controls “on day one” – and it’s indisputable that reviving the moribund Argentine economy is his most pressing concern.

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The logical alternative, experts say, is to devalue - especially as the currency of Brazil, Argentina's biggest trade partner, has fallen 45 per cent against the dollar over the past year, while the peso has dropped just 14 per cent.

Mr Macri may also cut the crippling 35 per cent tax on soy bean exports; farmers were overjoyed at Mrs Kirchner's departure, and eagerly anticipating the arrival of a more market-friendly leader.

He has promised to seek an end to a long running dispute with American "vulture funds" - creditors who are demanding full repayment of loans made to assist Argentina after the 2001 financial collapse. The holdout lenders are demanding massive interest repayments; Mrs Kirchner refused to pay, leading the country to default.

He will be helped by investors keen to set up shop in Argentina - an educated, resource-rich country they have shied away from for years.

But he will have to be careful not to go too fast, and punish the ordinary working people.

The idea of huge multinationals gobbling up swathes of the country and international financial organisations dictating the economy terrifies and angers Argentines - even those who, like him, are pro-business. His advisers are split on the speed of change.

Mr Macri himself has admitted that planning has been difficult because the government has stopped publishing official statistics - something he pledges to change.

"We really don't have good information," he said before his inauguration, when asked what his economic plans were. "We still don't know the exact situation we are inheriting."

Building bridges

Cristina Kirchner has left behind a deeply divided society, with Argentines loving and loathing her in equal measure.

Neither Mr Macri or his opponent Daniel Scioli - Mrs Kirchner's preferred candidate - were likely to have proved as divisive or combative as her.

But even so, Mr Macri does face a challenge in reuniting a wounded country. And he only won by a small margin; 51 per cent of votes on November 22, versus 49 per cent for Mr Scioli. Appealing to those who did not support him will be a difficult task in such a polarised, ideologically-fixated nation.

He has also promised to repair relations with neighbouring countries.

"In the last few years historically-good relations have deteriorated with countries such as the USA, the EU - countries with whom we share values, economic interests and cultural friendships," said Fulvio Pompeo, Mr Macri's foreign policy adviser, in an interview with The Telegraph during the election campaign.

"There is confrontation with Chile over energy, with Uruguay over paper mills, with Brazil things are quite paralysed for one reason or another.

"Argentina will change its way of relating to the world."

Crime

Another urgent task for him is to stop rising crime levels.

Insecurity was a major campaign issue, with The Telegraph hearing repeated stories of theft, car jackings and shootings. Murder rates are low - especially when compared to Mexico and Central America - but there is mounting concern about a rise in drug trafficking, in particular around the town of Rosario, where Colombian gangs are known to have established themselves.

Mr Macri said he would declare a state of emergency against the "unpardonable" rise of violent crime, and that Mrs Kirchner's failure to stop it had been "incomprehensible and inexcusable".

He said: "We have to start from the first day in office to take control of the territory, sending a clear message to those drug traffickers who are hoping to install themselves and operate in Argentina."

He has announced a plan to "professionalise" provincial police forces and import policing techniques that he claims reduced crime in Buenos Aires, where he has been mayor since 2007.

Infrastructure

Argentina 's infrastructure is creaking - a fact which is not surprising, given the economic problems faced by the country.

Large chunks of the capital frequently have to rely on generators for power, and flooding regularly wipes out swathes of towns.

Mr Macri, who was mayor of Buenos Aires before becoming president, has been widely praised in the city for solving chronic flooding of certain districts. His family made their money through construction, among other interest. And nationwide it is hoped that he can bring the same skills to the rest of the country.

The Falklands

Mr Macri is, of course, not going to renounce Argentine claims to the Falklands - to do so would be electoral suicide.

But he has made it clear that he will not seek such an antagonistic path as his predecessor.

While Mrs Kirchner seized every opportunity to raise the issue of the Falklands, Mr Macri's foreign policy adviser told The Telegraph they would seek more convergence.

"We will maintain forever our claim to the Falklands," said Fulvio Pompeo, one of his foreign policy advisers, during the campaign. "But our relations with Britain should be broadened.

"We're talking about two countries which have a lot in common - for example, in terms of environmental concerns, innovation, culture.

"We have to both agree that we want things to improve - it can't be just Argentina. This position of being open needs to be held by both sides, in all sectors."

And on the islands, his election was a cause for celebration.

"We hope this change in leadership will see a more constructive approach from the government of Argentina towards the Falkland Islands and its people," said Jan Cheek, Chair of the Falkland Island Legislative Assembly.

She hoped it would lead to "greater dialogue" with Argentina on issues like fisheries and sharing of environmental data.

The opposition

Mrs Kirchner's Victory Front (FpV) still control the Chamber of Deputies and the Senate. And they will not make life easy for Mr Macri - as evidenced by their refusal, following Mrs Kirchner's lead, to attend his inauguration.

They are likely to block as many of his proposals as possible, in particular ones which would deliver "shock therapy" to the economy or bring in big business.

Another concern is La Campora, the youth wing of the FpV, which is controlled by Mrs Kirchner's son Maximo - himself a newly-elected deputy.

The group is seen by Mrs Kirchner's supporters as a valuable voluntary organisation, carrying out charity work. But her detractors, it is seen as little more than rent-a-mob; a dangerous, unwieldy force that could be called to the streets to demonstrate at any time.

Handling the opposition will take all of Mr Macri's skill.

His predecessor

A huge question for Argentina is what Mrs Kirchner herself will do.

She, unlike many of her predecessors, has not sought diplomatic immunity through the Senate - taunting her detractors instead with statements that she is beyond reproach.

She is unlikely to retire to her Patagonia heartland and change the nappies of her new granddaughter, however.

At one point speculation was that she could seek a high-profile role in an international body such as Mercosur or even the UN.

Many think she will make another bid for the presidency at the next election in four years time.

Asked about her plans, while voting in the first round in October, she replied: "I will continue the fight."

* Who is Mauricio Macri?

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What are the challenges facing Argentina's new president?

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The logical alternative, experts say, is to devalue - especially as the currency of Brazil, Argentina's biggest trade partner, has fallen 45 per cent against the dollar over the past year, while the peso has dropped just 14 per cent.

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Environmental Sustainability such as deforestation, poor water and air quality,  and soil degradation. This is causing a huge problem when it comes to conserving the nature beauty within the country.

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Dance: The tango is the most famous of all Argentinian dances. Originated in Buenos Aires

Music: Mostly for the Tango, which developed in Buenos Aires along with popular folk, pop and classical music.

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crumbly shortbread-like biscuits sandwiching jams, mousses

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Chimichurri is the country’s go-to condiment. A green salsa made of finely chopped parsley, oregano, onion, garlic, chilli pepper flakes, olive oil and a touch of acid. Usually used to blanket grilled meats

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La Revolucion de Mayo (the May Revolution) occurs each year on May 25 to mark the anniversary of Argentine independence from Spain in 1810
Also el carnaval del pais

Source http://traveltips.usatoday.com/holidays-festivals-argentina-3959.html

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Monte Fitz Roy is a mountain located between the Argentina and Chile border.

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Perito Moreno Glacier:  located in the Los Glaciares National Park

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Iguazu Falls: Massive, picturesque waterfalls surrounded by trails, with wildlife & a train through the jungle.

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Marcela Morelo is an Argentine singer-songwriter. She has released eight critically acclaimed studio albums, which all earned either Gold of Platinum record

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Alfredo Félix Alcón was an Argentine theatre and film actor born in Buenos Aires. He worked in more than 50 movies since his first one

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Buenos Aires
Population: 2.891 million (2010 est.)

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Argentine peso
Exchange Rate: 1 Argentine Peso equals

0.065 of a US Dollar

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July 9, 1816

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Nationality: Argentine
Ethnic Groups: white (mostly Spanish and Italian) 97%, mestizo (mixed white and Amerindian ancestry), Amerindian, or other non-white groups 3%
Languages: Spanish (official), Italian, English,
German, French, indigenous (Mapudungun, Quechua)
Religions:  Many Roman Catholic 92% (less than 20% practicing), Protestant 2%, Jewish 2%, other 4%
Population: 43,886,748 (July 2016 est.)
Source
https://www.cia.gov/library/publications/the-world-factbook/geos/ar.html

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Are waterfalls of the Iguazu River on the border of the Argentine province of Misiones. It is the largest waterfall system in the world.

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Is in the Andes on the Argentina–Chile border and the highest active volcano in the world at 6,893 m

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Argentina's coastline is located within the Atlantic

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The Iguazu River (below) is an important tributary of the Paraná River which is a main river that flows through Argentina.

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The Andes mountain range runs through Argentina.

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Tierra del Fuego is part of an Argentine province. An estimated population of 152,317 (2015). It's capital is Ushuaia. Has multiple attractions, hotels, restaurants, and a lively nightlife.

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The average round trip from Raleigh, NC to Buenos Aires, Argentina cost range goes from $1,250 to $2,750 depending on the time of year you travel.

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Book flights with confidence | Google Flights

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Find cheap flights and airline tickets. Google Flights helps you compare and track airfares on hundreds of airlines to help you find the best flight deals.

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Seasons & Recommended Times for Traveling 

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Seasons & Recommended Times for Traveling 

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Due to the size of Argentina, try and visit each area at the optimal time of year.

https://www.roughguides.com/destinations/south-america/argentina/when-to-go/

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Similarly, the fall months are March through May, and the spring months are September through November. Although these are the different seasons, Argentina's climate or weather does vary and is dependent on the geographical location.

For example, Buenos Aires, which is situated in the central region of this country, has a temperature around 86 degrees Fahrenheit in January, and a temperature of 59 degrees Fahrenheit in July. However, other areas, such as Patagonia in the southern part of Argentina, can have lower temperatures during these months.
Learn more about South America

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Similarly, the fall months are March through May, and the spring months are September through November. Although these are the different seasons, Argentina's climate or weather does vary and is dependent on the geographical location.

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The Argentina Flag is a mix of revolutionary fighting for independence from Spain and Incan sun worship. The sun in the middle of the flag is el sol de mayo (the sun of May). Named after Argentina’s May revolution, which eventually lead to the nation’s independence from Spain, is also a national emblem. The blue bands may represent the sky, the waters of Argentina’s Rio de la Plata, or the blue used by the Spanish royal house of Bourbon on their coat of arms while the white may represent silver (after a Latin word meaning silver).

http://www.donquijote.org/culture/argentina/history/argentina-flag

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The capital of Argentina is Buenos Aires which is located where the big red square is below. The bordering countries are Uruguay, Bolivia, Chile, and Paraguay.