Thursday, November 21, 2013

Argentina’s government: No lame penguin

Not what little girls are made of

HAVING rested for six weeks after cranial surgery, Cristina Fernández marked her return to presidential duties this week with soft toys and hard men. She released a video made by her daughter in which she thanked well-wishers for their presents, including a cloth penguin, the emblem of her home province in Patagonia, and a (real) fluffy puppy named Simón (after Bolívar, Venezuela’s independence hero) sent by the brother of the late Hugo Chávez.Of more import were sweeping cabinet changes, following defeat in a mid-term election while she was convalescing. Out went the economy minister and the governor of the Central Bank. So did Guillermo Moreno, who as secretary for internal commerce was infamous for bullying private business. He was the architect of Argentina’s exchange controls and the fiddling of inflation statistics. The new economy minister is Axel Kicillof, a young official who is a former Marxist but now claims to be a disciple of Keynes. He executed last year’s expropriation of Repsol’s controlling stake in YPF, the national oil company.That will disappoint those who hoped Ms Fernández would...



via The Economist: The Americas http://www.economist.com/news/americas/21590576-president-returns-reshuffle-no-lame-penguin?fsrc=rss|ame

No comments:

Post a Comment