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Argentines will vote on Sunday on whether to elect Javier Milei, a far-right libertarian economist who has been called a “mini-Trump,” as the nation’s new leader. ....
MONEYWEB LIVESTREAM Economic plight is so common, itâs playground talk. By Jorgelina do Rosario and Patrick Gillespie, Bloomberg 5 May 2021 07:54 Alberto Fernandez. Image: Bloomberg In late March, Argentine President Alberto Fernandez sent his guy to Washington to smooth things over. With negotiations stalled, Economy Minister Martin Guzman had meetings with US officials and the International Monetary Fund over its $45 billion loan. Back home, Fernandezâs populist vice president took to the microphone to make one thing clear. INSIDERGOLD Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process. ....
Back home, Fernandez’s populist vice president took to the microphone to make one thing clear. “We can’t pay because we don’t have the money,” said Cristina Fernandez de Kirchner, who held the nation’s top job from 2007 to 2015. The IMF’s terms are “unacceptable.” READ MORE: Argentina Can’t Repay IMF $45 Billion, Vice President Says It was a telling moment. When Fernandez, 62, took office in the final days of 2019, he presented himself as pragmatic. True, he’d briefly been Kirchner’s chief of staff within the Peronist left but he accepted a role for capitalism and wouldn’t allow Kirchner and her loyalists to set the agenda. ....