Argentina: Macri defuses Cristina’s bomb

Cristina Fernández de Kirchner has left a toxic legacy for newly elected president Mauricio Macri. Asset prices were buoyed by his election victory the mid-term outlook for the Argentine economy is brimming with potential, but he must get through the next six months unscathed and consolidate a weak political base.

Mauricio Macri headshot-R-300x400


Fernandez de Kirchner headshot-R-300x400


Cristina Fernández de Kirchner blinks first, as president Mauricio Macri takes charge

“It’s like an atomic bomb – cut the wrong wire and… ” says Rodolfo Santangelo, one of the two founding partners of M&S Consultores – an economic consulting firm in Buenos Aires. He leaves the rest of simile hanging in the air, but the point is made: Macri is inheriting a dire situation and making reforms will be complicated.

The point is re-made again and again by members of Buenos Aires’ business community.

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