Hopes were high when Mauricio Macri became President of Argentina. Now nearly 18 months later, reality has set in. The hoped-for turnaround has not yet happened, and life for many Argentines remains tough.
Argentine President Mauricio Macri is trying to to lessen the impact of an economic crisis ahead of his re-election bid in October. The country is suffering from a deep recession and massive inflation.
Argentina's currency and the Buenos Aires Stock Exchange have plummeted, a day after President Mauricio Macri suffered a crushing defeat in a primary election. The peso has shed 15% of its value against the dollar.
An election that was a litmus test for the October presidential election has dealt a blow to President Mauricio Macri. Argentines sent a resounding message of rejection of Macri's handling of the country's economy.
Brazil's economy minister has said the country could leave the trade bloc if Argentina's opposition wins presidential elections later this year. He also questioned how dependent Brazil's economy was on Argentina.
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