BY MARCOS ALMEIDA
Sunday’s elections in Argentina (October 27) opened the country’s doors for the return of Kirchnerism. Peronist Fernandez will assume the presidency on December 10.
Country Risk rose more than 5% after the elections and was above 2,200 basis points.
At this point, we must ask whether the brand-new president-elect will strengthen his existing ties with Evo Morales (Bolivia) and Nicolás Maduro (Venezuela) at the risk of isolating Argentina from the world, or try to leave behind the verbiage of the campaign to build productive and stable relations with Brazil, Uruguay, Chile and the United States.
An imminent problem for Argentines is the risk of devaluation of their assets and property, as happened recently in Venezuela. Argentine families must take alarming measures to ensure the protection and succession of heritage, free from recent government threats.
Argentines, contact Southpac if you would like more information on how to protect your assets from government and economic risk by establishing a trust in New Zealand. To be effective, action must be taken in advance.