As Argentina prepares for general elections in October, the new administration will have to face a stagnant economy with crippling energy subsidies, depleted dollar reserves, and weak internal and external markets, according to speakers at an AS/COA panel. "The economic problems are the same, regardless of who wins the election," said Daniel Artana of Fundación de Investigaciones Económicas Latinoamericanas (FIEL), a leading think tank based in Argentina. A new administration offers an opportunity to normalize economic policies, added Artana.
With nagural gas and electricity subsidies costing the government $10 billion in 2014, Fernando Navajas says "energy subsidies are an essential part of the rebalancing that Argentina will have to do." The drop in oil prices will be a challenge for Argentina, which faces higher domestic prices per barrel, while the contry's non-conventional natural gas reserves could mean opportunties for investment. A 30 percent decline in exports over the last year will also need to be addressed, said panelists.
Americas Society's Spring 2015 concerts featuring guitar include such diverse artists as Argentine folk musicians, a duo of faculty from Ithaca College School of Music, and a Peruvian virtuoso.
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Like many wine aficionados, José Manuel Ortega Gil-Fournier wondered what it would be like to bottle his own varietal. To turn his dream into a reality, the Spanish-born investment banker left his successful career to start his own vineyard.