Back

Weekly Report - 15 April 2010 (WR-10-15)

ARGENTINA: Congress votes are bitter sweet for Fernández

The lower chamber has voted to strike down a decree of necessity and urgency (DNU) signed by President Cristina Fernández creating a bicentennial fund with US$4.4bn of central bank reserves from which the government started repaying private creditors last week. The vote in the lower chamber carried by 140 to 93 on 14 April, but it will only be valid if the senate follows suit - and this is unlikely given the parity of government and opposition forces. The senate made quorum on 14 April for the first time since returning from recess more than six weeks ago. After two key votes, the government and opposition had one victory apiece.

End of preview - This article contains approximately 461 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.