UK Joins Greece, Turkey, Argentina, and Spain in Facing an Economic Nightmare: How Rising Costs and Currency Issues Are Killing Tourism

[VINO]

A lot of talk if the Argentine peso is overvalued or not. Here is another piece that agrees that Argentina's peso is overvalued.

UK Joins Greece, Turkey, Argentina, and Spain in Facing an Economic Nightmare: How Rising Costs and Currency Issues Are Killing Tourism - Travel And Tour World

UK joins Greece, Argentina, Turkey, and Spain in facing a tourism crisis due to high inflation, currency overvaluation, and rising costs. How these factors are hurting travel.

www.travelandtourworld.com

 

[Blockchain]

I heard that tourism is down about 20% to 25% this year in Argentina. Crazy that some stuff is much cheaper in the US vs. Argentina. Saw a post X where Havanna alfajores were much cheaper in the US vs. a guy saying he lived down the block from the manufacturing company in Argentina and he can't afford to even buy them anymore as they are too expensive in Argentina.

 

[oil rush]

I heard that tourism is down about 20% to 25% this year in Argentina. Crazy that some stuff is much cheaper in the US vs. Argentina. Saw a post X where Havanna alfajores were much cheaper in the US vs. a guy saying he lived down the block from the manufacturing company in Argentina and he can't afford to even buy them anymore as they are too expensive in Argentina.

I saw that post.

 

[James Bond]

More and more and more Argentines are leaving Argentina. My girlfriend's entire family is now making plans to make the move over. Most of her cousins that don't have a Spanish passport are applying now and in their final wait. Around 1 million Argentines have applied for citizenship and awaiting their citizenship so they can leave Argentina.

Over a million descendants of Spaniards have applied for citizenship, overwhelming consulates

Another 1.3 million are waiting for an appointment. The avalanche of applications in the final months before a deadline expired could delay the process for years. Most applicants come from Argentina, followed by Cuba and Mexico

english.elpais.com

 

[Bharat]

More and more and more Argentines are leaving Argentina. My girlfriend's entire family is now making plans to make the move over. Most of her cousins that don't have a Spanish passport are applying now and in their final wait. Around 1 million Argentines have applied for citizenship and awaiting their citizenship so they can leave Argentina.

Over a million descendants of Spaniards have applied for citizenship, overwhelming consulates

Another 1.3 million are waiting for an appointment. The avalanche of applications in the final months before a deadline expired could delay the process for years. Most applicants come from Argentina, followed by Cuba and Mexico

english.elpais.com

That is a lot of people. I know some Portenos that are going to move there. I told them the economy in Spain is terrible and salaries aren't high but they said they were still better than Argentina. Many jobs in the tourism sector in Spain. Interesting that most of the descendants from Argentina were from Spain and left to come to Argentina and now they are going back.

 

[Betsy Ross]

More and more and more Argentines are leaving Argentina. My girlfriend's entire family is now making plans to make the move over. Most of her cousins that don't have a Spanish passport are applying now and in their final wait. Around 1 million Argentines have applied for citizenship and awaiting their citizenship so they can leave Argentina.

Over a million descendants of Spaniards have applied for citizenship, overwhelming consulates

Another 1.3 million are waiting for an appointment. The avalanche of applications in the final months before a deadline expired could delay the process for years. Most applicants come from Argentina, followed by Cuba and Mexico

english.elpais.com

Thanks for sharing James. That is a staggering number but obviously not all of them are planning to move to Spain. Many just want a stronger passport and opportunities to study in the EU. But sadly I have lost several of my friends to moves to Spain. They already had passports there.

 

[Jeb Spencer]

I saw that post.

Hard to believe that Havana dulce de leche is more expensive inside Argentina vs. first world countries even though it's produced in Argentina. I asked the doorman in my building about this and he joked that locals have had to cut back on alfajores. I thought he was joking and then looked it up and it is true.

Mondelez is temporarily stopping production of cookies and alfajores at its General Pacheco plant for about three weeks because of overstock tied to a sharp drop in domestic demand, while keeping staff on leave with pay under a deal with the food workers’ union. Operations are scheduled to restart around January 4, with the company framing the move as an operational adjustment to protect the plant’s long‑term viability rather than a permanent shutdown.

Key facts of the shutdown​

• The Pacheco plant, which makes brands such as Oreo, Terrabusi and Milka, will halt production for 21 days, roughly from December 14 to January 4–5.
• About 2,300 workers are affected; they will rotate between paid leave, vacations and maintenance/cleaning tasks, under an agreement with STIA and the plant’s internal commission.
• Union delegates and industry sources point instead to a significant fall in sales, inventory accumulation (overstock) and broader recessionary pressures on Argentina.

 

[Uncle Wong]

Hard to believe that Havana dulce de leche is more expensive inside Argentina vs. first world countries even though it's produced in Argentina.

I was amazed to see Havana products at Costco. My last trip I brought back several boxes for some friends as I didn't think they had it in the US and then they told me they sell them at Costco and I was shocked that the prices were cheaper in the USA vs. Buenos Aires. Not sure how that works out.

 

[Jenn]

More and more and more Argentines are leaving Argentina. My girlfriend's entire family is now making plans to make the move over. Most of her cousins that don't have a Spanish passport are applying now and in their final wait. Around 1 million Argentines have applied for citizenship and awaiting their citizenship so they can leave Argentina.

Over a million descendants of Spaniards have applied for citizenship, overwhelming consulates

Another 1.3 million are waiting for an appointment. The avalanche of applications in the final months before a deadline expired could delay the process for years. Most applicants come from Argentina, followed by Cuba and Mexico

english.elpais.com

A million people applying for citizenship is crazy! That explains all of the Argentines in Spain!

 

[MikeYoung]

More and more and more Argentines are leaving Argentina. My girlfriend's entire family is now making plans to make the move over. Most of her cousins that don't have a Spanish passport are applying now and in their final wait. Around 1 million Argentines have applied for citizenship and awaiting their citizenship so they can leave Argentina.

Over a million descendants of Spaniards have applied for citizenship, overwhelming consulates

Another 1.3 million are waiting for an appointment. The avalanche of applications in the final months before a deadline expired could delay the process for years. Most applicants come from Argentina, followed by Cuba and Mexico

english.elpais.com

Sad to see the collective brain drain of Argentines leaving for Europe. On the flip side with Mercosur it seems like more from Venezuela are moving to Buenos Aires. Every single Uber driver that I get is from Venezuela. Many of my Argentine friends with EU passports have moved to Spain. It is interesting to see just how many are applying for citizenship there. That number is massive!