Loading ...The country has never recovered from the Peron mindset – rob the ‘rich’ and buy votes from the masses . ( Does that sound familiar ?)
I worked for AECL ( Atomic Energy of Canada Limited ) in the 70’s , and the company sold two CANDU reactors to Argentina under a contract payable in Argentine money , with an inflation adjustment . But the adjustment was capped at 30 % per year . They blew past that even before the plant was completed . The President of AECL had just retired as the scandal broke and his replacement took the axe in his stead . The Canadian public took the financial hit because AECL was a Crown Corporation .
I would NEVER invest in an company planning on a return from an Argentinian investment . Britain essentially went to war over the Falklands to protect the British population there , and since undersea oil has been discovered nearby , Argentina again claims the ‘Malvinas’ are theirs .