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Thursday, March 4, 2010
"Not Boring" could be how one describes politics in South America these days. Not content with President Cristina Fernandez de Kirchner's preferred candidate, the Argentine Senate rejected the nomination of Mercedes Marco del Pont to the head of the Central Bank.
You may recall that del Pont's precedessor was pushed aside last month after refusing to use the central bank's currency reserves to fund the government's plans. With approval ratings already down to about 20%, Cristina Fernandez' government is looking increasingly weak and unpopular.
If you're interested, The Economist has a useful backgrounder on Argentina under the Kirchners.
Labels: emerging markets
