Argentina has a history of wine making stretching back to 1557, when the first vine cuttings were imported during the Spanish colonization of the Americas. The first vineyards were planted in Santiago del Estero, and northern Argentina continues to account for the majority of wine production as nearby Mendoza accounts for more than 60% of…
Despite the fact that the indigenous people in the Americas made alcoholic beverages before European grapes were imported by the Conquistadors, the local vitis genus of grapes were never used to make wine. The first known attempt to grow vines for wine began in Hispaniola after Columbus’ second voyage in 1594. Since then, viticulture spread across the…
Cristina Fernández de Kirchner’s unpopular administration if facing an increasingly vocal population. Her Peronist policies have predictably driven the economy into the ground, after irresponsible debt defaults, runaway inflation, and fascist private sector takeovers. Argentina was one of the richest in the world a century ago until it deteriorated due the successful implementation of “progressive” policies…
In what is being viewed as a way to shore up votes for next October’s elections in which half of Argentina’s House of Representatives, and one third of the Senate will be up for grabs, Argentina has added approximately one million citizens (2% of the entire population) to voter rolls. According to local press, the…
Below is a depiction of government debt levels for the seven largest economies in Latin America. Government debt accounted for approximately 46% of GDP across Latin America in 2011. As of 2011, European Union countries an average between 60% for the EU 15, and 74% for all European Union countries. (The EU15 comprised the following 15 countries:…
That Juan Peron was a fascist is debatable; that his policies were damaging to Argentina’s economy is not. Therefore, the decision to honor his wife on the country’s largest banknote may be surprising to observers, especially given recent inflation, and concerns about a stagnating economy. Sitting Argentine President Cristina Fernandez’s policies have been described as…
It has been suggested that Argentina’s economy needs a Psychologist. If so, the policies of President Cristina Fernández have not helped. Even according to questionable official reports by the Argentine government, the economy has shrunk %0.8 from the first quarter of the year. Roughly 100 years ago, Argentina thrived under a relatively free market, and…
Argentina and Venezuela are in the unenviable position of rounding out the bottom of this year’s Index of Economic Freedom, produced by The Heritage Foundation. Out of 179 nations ranked on a variety of criteria defining economic freedoms, Argentina and Venezuela find themselves in a category labeled “repressed.” Argentina sits at 158 on the list,…
Mercosur is a full customs union encompassing Argentina, Brasil, Paraguay y Uruguay. On Tuesday, the 31st of July, Venezuela joined that group making it one of the largest economies in the world at an estimated $3.3 trillion dollars. Recently, a similar economic agreement made up of largely western countries (Mexico, Chile, Peru and Colombia) named…
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