Future Argentine economy minister is US trained and an academic expert in sovereign debt

Saturday, December 7th 2019 - 09:50 UTC

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Argentina’s Martin Guzman, a whiz-kid economist with close ties to influential U.S. economist Joseph Stiglitz, will bring a sharp academic intellect but little policy-making experience to the daunting task of reviving Latin America’s third-largest economy and averting a damaging default. Read full article

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Enrique Massot
Looks like the best possible guy to be in charge of the economy coming negotiations with the IMF on behalf of Argentina and president Alberto Fernandez.
Dec 07th, 2019 - 05:32 pm - Link - Report abuse -1
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imoyaro
Funny, Kamerad/Komrade Rique, you know very well that he will have no effect whatever on the further hardships are to come. Of course you will blame him (among others) for what happens. Your only aim is to make sure that Fernandez fails so that he is forced by rioting to leave office, allowing La Asesina to reinstate the Narcokleptocracy... :)
Dec 08th, 2019 - 08:20 am - Link - Report abuse 0
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golfcronie
Probably “ expert in sovereign debt ” No surprise there, when was Argentina ” debt free anyone know ?
Dec 10th, 2019 - 12:48 pm - Link - Report abuse 0
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Enrique Massot
GC

Sure! Through most of its history, governments formed by the Argentine elites liberally borrowed abroad, but most often the portions of the money that did enter the country failed to produce tangible results.

Only in 1951, under president Juan Domingo Peron, Argentina went from owing 12.5 billion pesos to becoming a creditor country to the tune of over 5 billion pesos.

In 1956, during the dictatorship so-called Liberating Revolution that had toppled Peron a year earlier, Argentina became part of the IMF. At the end of the dictatorship in 1958, the country had a foreign debt of over 1 billion dollars.

At the beginning of the dictatorship installed in 1976, Argentina owed 8 billion dollars. When the military left in 1983, the country had a $45-billion foreign debt, partly made up of credits taken by private enterprises and opportunely “nationalized” by a succession of economy ministers.
Dec 11th, 2019 - 03:26 am - Link - Report abuse -1
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