Ian Bremmer – Now for the Bad News…From Argentina (Foreign Policy)

Ian Bremmer. “Now for the Bad News…From Argentina,” Foreign Policy, March 11, 2010.

"Last week, I wrote about a wave of good news for political and market stability in several Latin American countries.Then there’s Argentina. Faced with an increasingly uphill struggle in financing a highly expansionary fiscal policy and with no desire to reduce government spending, Cristina Fernandez de Kirchner’s government has refused to back down. They’ve now doubled down on a bid to reassert political control by claiming ownership of central bank funds with no clear room for compromise. The ruling Peronist party has already lost control of congress, and now it has drawn the judiciary into the fight over funds."

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