|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Argentina

Argentina Protests Expropriation of Agribusiness Vicentin



BUENOS AIRES – Argentina was the scene of marches, honks and the sound of banging pots and pans in several cities on Saturday against the expropriation of agro-export company Vicentin by the government of Alberto Fernandez.

Thousands of people gathered around the Obelisk monument of Buenos Aires, many on foot and others in their cars carrying Argentinian flags amid the COVID-19 epidemic lockdown, to demand that the state back down with the expropriation of the company, originating in the province of Santa Fe.

The protests began a few weeks ago in the province when the government announced the decision, and there were also demonstrations on Saturday, which coincided with the Day of the Flag. Other places such as Cordoba, Resistencia, and Salta joined the protest.

On June 8, Fernandez announced the intervention and his decision to send Congress a bill to expropriate the agro-export company founded almost 100 years ago.

On Friday, the government endorsed an alternative project by Santa Fe Governor Omar Perotti to intervene in Vicentin without expropriating, and consists of using the “Inspeccion de Personas Juridicas de Santa Fe” (an entity which controls the legality, registration and supervision of the institutional life of civil and commercial entities) to manage the company and carry out its rescue.

The demonstrations were convened on Saturday over social media, although entities from the agricultural sector and associations such as Campo Mas Ciudad called on people to gather “in defense of property” and say “no to expropriations.”

In the past weeks, the measure of intervening in the company to later expropriate has also been criticized by the opposition.

“They are not going to expropriate me,” read one of the messages on an Argentine flag in Buenos Aires where people who preferred to protest without leaving home joined the demonstration banging saucepans from their balconies. Those protesting from cars also carried flags.

The city, along with the rest of the Buenos Aires Metropolitan Area, is currently the main focus of coronavirus infections in Argentina.

On Saturday, Fernandez said on the radio that if the magistrate who takes the cause of the bankruptcy of Vicentin says no to Perotti’s proposal, the only possible way is “that of expropriation.”

“There is no way back,” defended the head of state, who asserted that they cannot leave the current shareholders of Vicentin “in charge of the company” because they are “the cause of the problem.”

Vicentin requested preventive bankruptcy in the past with a debt estimated at about $1.35 billion. Among its creditors are 2,600 agricultural producers, public banks led by the state-owned Banco Nacion, and a committee of foreign creditors led by the International Finance Corporation.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2020 © All rights reserved