Word: eduardo
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...ARGENTINA Baby Steps As the Central Bank prepared for this week's planned flotation of the peso, Economy Minister Jorge Remes Lenicov presented a recovery-minded draft budget to Congress. The plan includes severe spending cuts agreed to by President Eduardo Duhalde and Argentina's provincial governors, and Remes Lenicov said the program was "tough." But critics warned that it relies on gdp and export-growth forecasts that may be too optimistic. Duhalde expressed hope that the economy would recover before the next presidential vote, now set for September...
ARGENTINA Banks Unbalance The government sought to relax banking restrictions that had led to violent protests, but there was no way to disguise the banks' lack of foreign capital as lawyers began investigating the disappearance of billions of dollars before accounts were frozen. President Eduardo Duhalde reopened the stock exchange after forcing the resignation of central bank governor Roque Maccarone, but the measures were unlikely to cause a surge in demand for the peso...
None of this means that others can simply shrug their shoulders. The Bush Administration's attitude toward the new Argentine government of President Eduardo Duhalde, says a senior State Department official, is "We'll have to wait and see." But Argentina bears close attention. For one thing, its very governability is at stake. Before Christmas, riots provoked by cuts in social spending and limits on bank withdrawals brought down the government of President Fernando de la Rua and left 28 dead. Argentina then engaged in the politics of a comic opera, with three men holding the title of head...
Fernando de la Rua: resigns on Dec. 20 Ramon Puerta: Dec. 21-23 Adolfo Rodriguez Saa: Dec. 23-30 Eduardo Camano: Dec. 31-Jan. 1 Eduardo Duhalde: inaugurated...
ARGENTINA Fingers Crossed Having seen six Economy Ministers in a year and five Presidents in two weeks, Argentines were hoping that their latest leaders could rescue the once-prosperous South American country from economic collapse. After the new President, Eduardo Duhalde, declared that "Argentina is bankrupt," the new Economy Minister, Jorge Remes Lenicov, announced a plan to tackle the crisis precipitated by the country's four-year recession and its Dec. 20 default on $132 billion in foreign debt. Remes Lenicov devalued the peso by 40% and announced steep cuts in public services...