t looks like Argentina will make a right turn on Sunday. The polls anticipate that Mauricio Macri, the opposition candidate, will win Sunday's election.
I would vote for Macri if I was a citizen of Argentina. His view of the world is far more realistic than the misguided populist policies of the incumbent party.
At the same time, "argentinos" longing for change will have to be patient because Mr. Macri is inheriting a mess of huge proportions, as we read in Bloomberg:
I would vote for Macri if I was a citizen of Argentina. His view of the world is far more realistic than the misguided populist policies of the incumbent party.
At the same time, "argentinos" longing for change will have to be patient because Mr. Macri is inheriting a mess of huge proportions, as we read in Bloomberg:
"Neither candidate has addressed the elephant in the room: the reforms needed to reduce inflation, fix a fiscal deficit of 7.2 percent of gross domestic product - the largest in over 30 years - and lure back investment dollars which have stayed away due to currency controls, a lack of regulatory predictability and a decade-long dispute with hold
outs from the 2001 default."
It won't be easy but Mr. Macri is a better option. He has a better chance of attracting the kind of foreign investment that the country needs to create jobs and help the struggling middle class.
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