CFK stresses Argentina's 'economic stability' during lunch with executives in NY

“Argentina has a promising future,” President Cristina Fernandez de Kirchner told US executives during a lunch today at the Council of the Americas in New York.

The President assured US businessmen that Argentina was ready for investments as the economy stands in what she called “solid foundations.”

Kirchner also reassured dollars in Argentina are “genuine” and that “the trade exchange remains strong and rock-hard.” The Head of State went on to highlight the country’s current account surplus reaffirming Argentina’s rural excellence.

Moreover, she assured the country was paying off its debt, including the residual debt from the Corralito era. “We are paying off our debt without any access to capital markets,” she stressed.

Kirchner also addressed the current economic situation in the eurozone by saying “Europe needed to invest money in the production of goods and services.” She added recession surged due to “a lack of leadership.” Kirchner also pointed out a bloc’s bailout should be “controlled and watched closely.”

Kirchner arrived at the Council of the Americas around 12.30 local time and was accompanied by Susan Segal, president and CEO of the Americas Society Council.

After today’s event, the President’s agenda is clear of official commitments until Sunday, when she is scheduled to travel to Mexico. Media reports indicate she might meet with Mexican multi-millionaire Carlos Slim who yesterday announced he bought shares of recently expropriated oil company YPF.

Slim’s spokesperson confirmed that the world’s richest man now owns 8.4 percent of the company’ shares. Government sources declined to comment on a possible meeting between Kirchner and Slim, but during her speech at today’s lunch, Kirchner called Slim’s announcement “a good thing”.

After the G20 summit, the Head of State will visit Brazil to attend the Rio +20 summit from June 20th to 22nd.