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alternative and no room for discussion between shock treatment and gradualism. joining me now is andres abadia chief latam economist at pantheon macroeconomics. lovely to see you again. he is now formally in the job and has delivered his first initial speech. what will he do next? the speech was relatively light on detail but he says there will be a physical shop to the economy and that is important because we are at about 5% of gdp but the good news is he said that the shock or the adjustment would be on the state and not the private sector. there are also economic indicators that suggest more than 40% of the population live in poverty so when he will have a mammoth task to bring the economy back on track. will he dismantle the central bank and swap the peso for the us dollar which he did say he would do in his electioneering. that is the main question right now. so far we have seen since he was elected one month ago that he has been pragmatic, more pragmatic than expected

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