Headline: Argentines should reject the return of Peronism
Sub-headline: President Mauricio Macri should stick to his guns on economic policy
What sector of the Argentine population will read your pro-Macri polemic? in the guise of a dire warning against Peronism, in the redoubtable person of Cristina Fernández de Kirchner? Yet the Editorial Board, read Posh Boys, prints this:
Mr. Macri’s austerity programme is broadly on track to deliver long-term economic gains for Argentina but the short-term pain of sharply falling living standards may be too much for voters. A new Ms Fernández, repackaged in more moderate colours, could offer quicker relief.
https://www.ft.com/content/68306374-82e5-11e9-b592-5fe435b57a3b
After Mr. Macri’s ‘Austerity Lite’ failed, as the peso went into almost free fall, less than a year and a half after his election. Prat-Gay was fired at the one year mark of Macri’s ‘reforms’:
Headline: Prat-Gay Fired as Argentine Finance Minister After One Year
Alfonso Prat-Gay was fired as Argentina’s Finance Minister after just one year in the post as a long-heralded recovery in the economy fails to materialize.
The ministry he headed will now be split into two, with Luis Caputo, who was finance secretary, heading the new Finance Ministry and Nicolas Dujovne overseeing the Economy Ministry, Cabinet Chief Marcos Pena told a press conference in Buenos Aires on Monday. Prat-Gay plans to speaks to reporters at 4 p.m. on Tuesday, Yael Bialostozky, the departing minister’s spokeswoman said in a text message.
…
This verifiable failure of Macri’s economic policy was an invitation to the Peronist, in sum, the political rehabilitation of the ever-canny Cristina Fernández de Kirchner. Macri’s resort to another IMF rescue is about Failure.
Should this crisis even surprise the most lackadaisical reader/spectator of Argentine politics? Is five years a long enough time, to file criminal charges against and convict a corrupt politician?
Yet Fernández de Kirchner chooses to run as vice-president, it expresses her being in tune with the political mood of the Argentine electorate?
Political Observer
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