How Argentina Can Prevent an Economic Crisis: Dollars
It’s not hurricane season in South America, but yet another has slammed into Argentina. It has arrived just as President Mauricio Macri is running for re-election. Macri, a non-Peronist president, has always expected hard-going. Since Argentina’s return to democracy in the early 1980s, the Peronist party has never permitted a non-Peronist to complete a full term in office. The last regularly-elected, non-Peronist president before Macri was Fernando de la Rúa. The Peronists seized on a sovereign debt crisis (that they helped to create) to ...
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