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Eugene

(61,843 posts)
Wed Mar 23, 2016, 01:42 PM Mar 2016

Obama praises Argentina's swift pace of economic reforms

Source: Reuters

Politics | Wed Mar 23, 2016 1:24pm EDT

Obama praises Argentina's swift pace of economic reforms

BUENOS AIRES | BY HUGH BRONSTEIN AND JEFF MASON

President Barack Obama on Wednesday praised Argentina's new center-right leader, Mauricio Macri, for the swift pace of reforms to create a stronger economy and said Washington was ready to work more closely with Argentina after years of tension.

Obama, on a two-day visit to Argentina that marks a rapprochement in relations, said the president was setting an example to neighbors in the region.

"I'm impressed because he has moved rapidly on so many of the reforms that he promised, to create more sustainable and inclusive economic growth, to reconnect Argentina with the global economy and the world community," Obama told a joint news conference after the two leaders held talks.

In his first 100 days in office, Macri has distanced himself from South America's leftist bloc, old allies of former President Cristina Fernandez, and sought a thaw in relations with Western capitals as he seeks new investment in Latin America's No. 3 economy.

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Read more: http://www.reuters.com/article/us-usa-argentina-idUSKCN0WP0B3
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Obama praises Argentina's swift pace of economic reforms (Original Post) Eugene Mar 2016 OP
Sure. Just as Clinton praised Menem and de la Rúa in the late '90s - and we all know that turned out forest444 Mar 2016 #1

forest444

(5,902 posts)
1. Sure. Just as Clinton praised Menem and de la Rúa in the late '90s - and we all know that turned out
Wed Mar 23, 2016, 02:33 PM
Mar 2016


For those unfamiliar with Macri and his first 100 days in office:

*107,000 jobs lost in Macri's first 100 days in office in Argentina. The equivalent of 800,000 jobs lost in the U.S.
http://www.democraticunderground.com/110848391


*Layoffs and nepotism in Macri's Argentina: love in the time of austerity.
http://www.democraticunderground.com/111676969


*Argentina under Macri: the poor lost 24% of their purchasing power; even the richest tenth lost 11%.
http://www.democraticunderground.com/110848341


*Rent soars across Argentina.
http://www.democraticunderground.com/110847442


*Inflation in Argentina reaches 4.8% in February (33.9% annually - may reach 55% by year's end); Macri refuses to release figures.
http://www.democraticunderground.com/110848162
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