Monday, October 5th0.6°C

Argentine president opens Paris Book Fair, using soft diplomacy during economic woes

PARIS - It might be called soft diplomacy: Argentina's president is temporarily shifting focus from the country' economic woes to showcase its literary wealth.

Cristina Fernandez inaugurated France's prestigious annual Book Fair on Thursday, which is honouring Argentine literature this year.

Accompanied by 45 pro-government Argentine authors, the leader met with French Prime Minister Jean-Marc Ayrault for a special ceremony.

Crowds chanted "Cristina, Cristina" as she arrived in a sparkling jacket and pearls, driving around the spread-out site in a buggy because of a twisted ankle.

The book fair tribute to Argentina may take her mind off a Moody's Investors Service decision Monday to downgrade Argentina's government bonds, reflecting an increased risk that Argentina will default on its debts again.

Fernandez won support in her effort to reduce debt from French President Francois Hollande, who said he would back Argentina's push to cancel $9.5 billion in debt owed to the Paris Club of creditor nations.

"France wants Argentina to overcome its financial difficulties," Hollande said after meeting Fernandez. "We are doing everything so that at the Paris Club ... we can support Argentina's move, because that's in our interest ... so that we can increase trade with Argentina."

The 61-year-old leader, widow of former President Nestor Kirchner, has drawn criticism for her lavish lifestyle while Argentinians struggle.

After jetting in to Europe on the presidential plane, Tango 1, the fashion-conscious Latin American leader sprained an ankle in Italy before an audience with the Pope, and has had to wear a clunky boot for photo-ops all week.

The Canadian Press

Read more Business News

Recent Trending

Today's Market
S&P TSX13339.74+97.85
S&P CDNX525.56-0.33
S&P 5001951.36+27.54
CDN Dollar0.7634+0.0032
Natural Gas2.448-0.003

Okanagan Companies
Pacific Safety0.215+0.000
QHR Technologies Inc1.19+0.01
Metalex Ventures0.06+0.00
Russel Metals21.48-0.07
Copper Mountain Mining0.42+0.03
Colorado Resources0.08+0.01
ReliaBrand Inc0.004-0.000
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.095+0.005
Decisive Dividend Corp3.49+0.45
Diamcor Mining0.90+0.02


24318791165 High Road
3 bedrooms 1 baths
more details
Click here to feature your property
Please wait... loading

Perfect (reno’d) home

Photo: Thinkstock.comHow many times have you found a home in the perfect location, but it needs too much work as per the home inspection? There is a great program available through most lenders that w...

Living beyond 100

Photo: ContributedThere was a time most careers involved an apprenticeship of one sort another. Some official, others involving years of servitude, and others time simply spent watching and emulating ...

5 Claim misconceptions

Photo: Thinkstock.comIf you have been hurt in an accident or as a result of medical negligence you will likely look to your friends and family for some advice on how to deal with the situation. These ...




Member of BC Press Council