Massa’s rise has relegated President Alberto Fernández to a distant third in the ruling troika where Cristina Fernández de Kirchner retains full veto powers even when abstaining from calling the shots.
Former Lower House Speaker Sergio Massa has been sworn in Wednesday as Argentina s new Minister of Economy, Agriculture, and Production as the country seeks to regain some stability following the departure of Ministers Matías Kulfas and Martín Guzmán around a month ago.
After Thursday s announcement of a large-scale cabinet reshuffle at Casa Rosada, the administration of President Alberto Fernández also announced the new destinations of the departing officials.
Martín Guzmán has turned in his resignation Saturday as Economy Minister of Argentina, dealing with what many regards as a coup de grace to the administration of President Alberto Fernández, amid rampant inflation and growing popular discontent following additional restrictive measures regarding imports and the purchase of hard currency (namely US dollars) for transactions abroad, where the local peso carries no weight.