'We all want the economy to stabilize' - Argentina presidential front-runner says he won't spark default

Record ID: 1427097

  • Title: 'We all want the economy to stabilize' - Argentina presidential front-runner says he won't spark default
  • Date: 14th August 2019
  • Summary: BUENOS AIRES, ARGENTINA (AUGUST 13, 2019) (REUTERS) EXTERIOR OF ARGENTINA'S CENTRAL BANK VARIOUS, SIGNS OUTSIDE EXCHANGE HOUSES SHOWING EXCHANGE RATES OF THE ARGENTINE PESO TO THE U.S. DOLLAR
  • Embargoed: 28th August 2019 23:43
  • Keywords: President Mauricio Macri Argentina economic crisis elections Argentine Alberto Fernandez default Cristina Fernandez peso
  • Location: BUENOS AIRES, ARGENTINA / INTERNET
  • City: BUENOS AIRES, ARGENTINA / INTERNET
  • Country: Argentina
  • Topics: Government/Politics
  • Reuters ID: LVA004AS6YCZR
  • Aspect Ratio: 16:9
  • Story Text: Argentine center-left presidential front-runner Alberto Fernandez said on Wednesday (August 14) that his policies would not lead to a debt default, adding that in a call with President Mauricio Macri, both agreed they wanted market volatility to stabilize.
    Macri also noted the conversation with Fernandez on his twitter site writing that Fernandez had, "promised to cooperate as much as possible so that this electoral process, and the political uncertainty that it generates, affects the Argentine economy as little as possible."
    Fernandez said he and his team "feel that the people have supported our proposal ... (and) that proposal contemplates neither a default nor a risk of not paying debt, nor failing to recognize the state's obligations," he said.
    Fernandez was the first-placed candidate in a shock primary election result on Sunday (August 11) that has sent tremors through the Argentine economy, badly hurting the peso and local stock market.
    (Production: Miguel Lo Bianco, Horacio Soria, Juan Bustamante)
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2019. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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