Sunday, August 2nd15.6°C
26264
26758

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 TSX14468.44+85.68
S&P CDNX594.31+6.01
DJIA17689.86-56.12
Nasdaq5128.28-0.50
S&P 5002103.84-4.79
CDN Dollar0.7640-0.0052
Gold1096.90+0.60
Oil47.22-1.69
Lumber252.30+0.50
Natural Gas2.883+0.062

 
Okanagan Companies
Pacific Safety0.17-0.01
Knighthawk0.010.00
QHR Technologies Inc1.42+0.00
Cantex0.035-0.005
Anavex Life Sciences0.9101+0.1101
Metalex Ventures0.05+0.00
Russel Metals19.40-0.05
Copper Mountain Mining0.79+0.01
Colorado Resources0.065+0.005
ReliaBrand Inc0.0049+0.0004
Sunrise Resources Ltd0.03+0.00
Mission Ready Services0.095-0.045
Decisive Dividend Corp2.55+0.05

 





FEATURED Property
20082451040 CAWSTON AVE
4 bedrooms 3 baths
$439,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Chasing ducks

Photo: Thinkstock.comWhen businessmen tell me that being low priced is the only way to stay in business, I am skeptical. Price is the simplest way for a consumer to compare and is overused as the basi...


Taking care of business

Photo: Thinkstock.comRetirement as a goal has changed a lot over the years. There was a time, it was the only goal. You’d punch the clock and count the years until you could stop punching that t...


Income from home equity

Photo: Thinkstock.comWhen retirement funds run low, seniors often ask if tapping into the equity in their home is the right way to retain financial independence. To see if this option might be a good ...

_








Member of BC Press Council


26708