Strike Two: Rural Protests Resume

In a worrying sign for Argentine political tensions, farming unions are returning to the streets to demand a reduction in agricultural taxes, as falling prices and the ongoing drought erode profits. This may lead to a further deterioration in the government's popularity, both with the electorate and within President Cristina Fernández's ruling alliance. Furthermore, a prolonged stand-off could provoke a related sell-off in the Argentine debt markets, especially if global risk aversion rises.

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