Paul Singer’s gushing praise makes awkward reading for president

Source: Buenos Aires Herald
04.22.2016

The government’s relationship with some of the most influential players in global finance drew attention yesterday, after a gushing profile written by “vulture” fund boss Paul Singer praising President Mauricio Macri was published.

Singer, who made billions of dollars thanks to the government’s recent deal with holdout funds, wrote a profile of the president as part of Time magazine’s “100 Most Influential People” special edition, in which the Argentine president was named alongside such leaders as US President Barack Obama and Chinese head of state Xi Jinping.

“Macri has removed Argentina’s currency controls, allowing more freedom for trade. He has pledged to reintegrate Argentina into the global economy, seeking private investment from abroad,” Singer wrote, hailing the president as “a champion of reform.”

On the same day other reports emerged indicating the government’s improved relations with credit rating agencies and the International Monetary Fund, Singer praised the Let’s Change (Cambiemos) leader strongly.

Singer also said the president “has taken action to end the 15-year default that has kept the country in economic exile since 2001.”

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