Blame populists, not reformers, for Argentina’s latest fiasco

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What finally broke investors’ confidence was the spectre of populists returning to power in Argentina

president of Argentina in 2015, Mauricio Macri was president of a Buenos Aires football club, Boca Juniors. On September 1st the team faced its crosstown adversary, River Plate, in the, as contests between the sides are called. The two armies of fans at last had something to agree about. As they made their way to the stadium, Mr Macri’s government announced an emergency reimposition of currency controls.

The controls limit the amount of dollars that Argentines can buy and force exporters to repatriate their earnings. They come shortly after the government said it would delay repayments of some of its short-term debt and seek an extension of longer-term liabilities. Intended to prevent capital flight and stabilise the peso, the measures are the final humiliation for Mr Macri, a businessman who promised to revive the economy by scrapping controls and reforming a bloated public sector.

Plenty of Argentines and some outsiders may conclude that Mr Macri’s agenda to liberalise the economy, and the’s support, were misplaced. In fact much of the blame for Mr Macri’s failure lies with his populist predecessor, Cristina Fernández de Kirchner, who is running again in the upcoming elections as a vice-presidential candidate.

 

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O están mal informados o lo hacen defendiendo los intereses especulativos Bienvenido el populismo salud educación soberanía política y económica Basta de FMI Macri es hambre indigencia pobreza

Esos no son inversores son fondos buitres En diciembre se terminan y el préstamo del FMI para fuga de capitales QueLoPagueMacri fugaresrobar

Que inversores?No llegó ninguna inversión Llegaron fondos especulativos para saquear enriquecerse con la (tasas del 85 %) bicicleta financiera fuga de capitales y despilfarro del gobierno del préstamo del FMI en complicidad con el el régimen totalitario en Argentina

Yea right 😂 Now Corporations are losing their power in that country! Thankfully for them! They have a shot to recover their economy without corrupted corporations that KILL countries and make them richer.!

there are more populists than you ? no

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