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Argentina

Yearbook 2008

Argentina. The year was largely dominated by large peasant protests. Argentina's four farmers' unions objected to increased export taxes for soy exporters, which is one of Argentina's most important export crops, at the same time as the country suffered the worst drought in 100 years and increased production costs. According to Countryaah reports, the new export taxes are part of President Cristina Fernández de Kirchner's new agricultural policy, which was voted through in the Senate with only seven votes overweight, a surprisingly narrow margin given that the government controlled 47 of the 72 seats there. The decision was also preceded by a lot of political turmoil within the government coalition Concertación Plural. Among other things, Vice President Julio Cobos refused to step on the government line, and Prime Minister Alberto Fernández resigned.

2008 Argentina

The government's savings policy also affected the provinces, which in the 2009 budget will only have a quarter of the state budget at their disposal, the lowest proportion in 50 years. Provincial governors in opposition around the country expressed their support for the protesting peasants.

Major pension reform was voted in the Senate at the end of the year with a larger margin than the Land Reform Act. After a 12-hour marathon debate, it was decided that Argentina's private pension funds should be nationalized from January 1, 2009, which will give the state the equivalent of $ 30 billion in assets and $ 5 billion in annual premiums to administer. The government, which claimed that the measure would save Argentine pension savers from mismanaged pension management, has estimated that private pension funds lost more than 17 percent of their capital in just one year and that their privatization in 1994 is the cause of more than 40 percent of Argentina's foreign debt.

Two of Argentina's historically most important institutions suffered defeat during the year. The special military jurisdiction was abolished, which means that military personnel and civilians are now equal before the law. The Supreme Court also made a decision that the monopoly position long held by Argentina's largest trade union Confederación General del Trabajo (CGT), a creation of President Juan Perón (1946-55, 1973-74), may be broken.

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