National Reports

03/11/2013 -
Edition 520

The initial permissiveness for a single economic group to achieve an exaggerated media concentration and the subsequent untimely interventions aimed at correcting this distortion, demonstrate the absence of a modern and effective state.  The cost of this institutional degradation is enormous.  For this reason, a broad political agreement among all political parties should be reached to rebuild the state with emphasis on sound designs of regulatory frameworks, independent control bodies and professional staff.     

29/10/2013 -
Edition 515

As it has been occurring for several years, the budget submitted to the Congress suffers from severe inconsistencies. Still, it contains valuable information. Very suggestive data is that the increase in pensions, government salaries and subsidies to unprofitable public and private companies are projected to grow below the inflation level. This is a strong evidence that, beyond political speeches, the dreaded “economic adjustment” is not a policy option but an inevitable path originated in the last decade’s wrong decisions and wasted resources.

27/10/2013 -
Edition 519

Lack of housing is a severe problem that impairs many household’s quality of life. This explains the high expectations generated by the PROCREAR plan which provides subsidized loans financed directly with pension funds to some families chosen by a lottery. Besides being partial and inequitable, the plan accelerates the onset of an upcoming pension crisis like the ones that have happened thanks to similar initiatives in the past. A genuine solution to the housing problem requires eliminating inflation to regenerate a private market for long-term mortgage. 

20/10/2013 -
Edition 518

The electoral campaign is dominated by candidates from the City of Buenos Aires and Great Buenos Aires. This occurs in a context of unprecedented concentration of public funds at the central government, being most of them spent on the City and Great Buenos Aires. However, severe deprivation hits much harder inside the country.  This is a costly contradiction that helps dodge important issues on the electoral debate, like the highly regressive economic subsidies.

13/10/2013 -
Edition 517

Argentina is ready to accept 5 adverse verdicts at the ICSID and pay for rights trampled by policies executed after 2002. This abrupt change in attitude suggests that the policies carried out in the last decade were guided mainly by improvisation and lack of expertise than by ideological conviction. Anyhow, the important issue is that this precedent makes clear that an enormous effort will be necessary in order to resolve the remaining disputes. 

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