The Argentina Comeback
Source: The Wall Street Journal
U.S. presidential candidates are busy boasting about the wonders to come in their hypothetical first 100 days in office. Perhaps they should look south and consider the real-world example of new Argentine President Mauricio Macri.
This week he settled a dispute with a number of the country’s creditors that had dragged on for more than a decade as it tarnished Argentina’s reputation. Mr. Macri now has the country poised for a return to international capital markets and perhaps an economic revival that was impossible under his Peronist predecessor Cristina Kirchner.
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