Economy Minister Throws In The Towel

May 2008 | Risk Summary

The Argentine inflation saga, coupled with the lack of solutions to the farmers' strikes, led the Economy Minister Martín Lousteau to resign on April 24, after only four months in the role. Lousteau's departure comes not long after his predecessor Roberto Lavagna accused the government of direct manipulation of CPI data, and shows the divide within the government over the appropriate way to tackle the distortions created due to five years of shortsighted macroeconomic policies. This, together with the risk of another flare up in tensions between farmers and the government over the controversial export tax, has led to a

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