FILE PHOTO: Soybeans are loaded onto a truck at a field in the city of Chacabuco April 24, 2013. REUTERS/Enrique Marcarian/File Photo
Past Peronist governments, including the one led by Argentina’s current Vice President Cristina Fernandez, had vastly increased the government’s role in the economy.A source at Vicentin said the company welcomed the announcement. “The intervention never should have happened in the first place,” said the source, who asked not to be named.
“The national government will not commit public resources while the current board of directors remains in the company, nor will it form a trust sharing its management,” Fernandez wrote on Twitter. Fernandez’s intervention plan involved seeking congressional approval for a full takeover of the company. Vicentin went broke after going on a credit-fueled expansion in 2019, leaving farmers and banks holding more than a billion dollars in bad debts.
Peronismo is the bully they as soon as people stands their ground, goes back with the tail between the legs. But beware, as soon as they feel weaknesses or opportunities, they will bite back full of anger and revenge
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