Mauricio Macri
Buenos Aires (AFP) - Business-friendly conservative Mauricio Macri will take office as Argentina's next president Thursday, opening a new era of free-market policies after 12 years under left-wing power couple Nestor and Cristina Kirchner. Macri, 56, has vowed to kick-start Latin America's third-largest economy by ending protectionist import restrictions, cutting heavy taxes on agricultural exports and scrapping the official exchange rate puffing up the Argentine peso. Ref. Source 7s
Mauricio Macri (Hover)
Argentina: Macri Submits Vulture Fund Payout Bill to Congress:
Argentine President Mauricio Macri is urging Congress to swiftly approve a landmark deal reached with creditors over defaulted debt in a race to comply with a U.S. Court deadline. Argentina's government agreed Monday to pay US$4.65 billion to four U.S. Hedge funds. Ref. Source 4n.