After a weekend of fury, a newly reconfigured power structure has been put in place that promises to keep us on our toes, with the vice-president continuing to gain territory.
Always subordinating economic policy to electoral strategy in classic populist style, Cristina Fernández de Kirchner seems convinced that a 2023 election irretrievably lost with Martín Guzmán’s IMF orientation can be turned around with an extreme transformation.
Guzmán backed the laws which increased taxes but not those increasing spending … to reduce or not to reduce the deficit is the question separating the vice-president and the ex-minister.
Argentina’s new financial crisis following the surprise July 2 resignation of its former economy minister is rocking the country, and driving many nervous Argentines to rush to buy goods as prices rise by the minute. One of the very few winners from the country’s latest drama is neighboring Uruguay.