Search

The article discusses how Argentine President Carlos Menem has chosen Nestor Rapanelli, chief of multinational conglomerate Bunge and Born, as the new Economy Minister of Argentina in 1989. Key issues discussed include how Rapanelli will attempt to shift Argentina from disastrous state intervention and protectionism to a market-driven economy.

Presents information related to the selling of Buenos Aires central exchange of Entel, Argentina's state-run telephone company, to foreign-led private buyers. Report that Carlos Menem is bulldozing obstacles in the way of the great Argentine sell-off; Information that angry telephone union workers are striking against President Carlos Menem's push to sell Entel to foreign-led private buyers; Opinion that Menem is determined to privatize Entel and a lengthening list of other state-owned operations, from Aerolineas Argentinas, the country's international air carrier, to railroads, highways, and oilfields. INSET: `There is no flag on capital': A talk with Carlos Menem....

Focuses on how President Carlos Menem is attempting to reshape Argentina's economy by attacking the subsidies, protectionism, and government bureaucracy that have long affected the country. President Menem's strategies for improving market forces; Efforts to cut budget deficits; Improvement of living standards. INSET: A TALK WITH CARLOS MENEM: 'SUBSIDIES NO LONGER EXIST'.

The article presents an interview with Argentine President Raul Alfonsin. When asked about Argentina's debt, he replies that his country is doing major effort to meet all obligations but that the debt cannot be paid under the conditions. He states that there is no possibility that he would run again in 1989. He opines that another win by his party would not end Peronism but would want Peronism to participate in all fields democratically.

The article reports that Raul Alfonsin, president of Argentina, is trying to end 50 years of army intervention in the country's politics by rallying wide civilian support for a showdown with the military. On April 19, 1987, he faced down and promised to punish military officers who rebelled at an army base.

The article discusses on inflation in the Argentine industry. The inflation badly affected the stability of the market's price system. The country is draining its capital in finding short-term inflation hedges, maximizing insolvency for foreign debt compensation, and the peso falling while the dollar surging. The government freezed all dollar accounts to counteract financial insecurity. Nevertheless, alternative solutions did rise keeping Argentines on track.

The article focuses on the new team of government trade and finance officials appointed in Argentina to prevent economic anarchy in the country. It provides information on the new officials including Juan Vital Sourrouille who has been appointed as Economy Minister and Juan José Alfredo Concepción who has been appointed as the central bank president. It reports that the replacements have been done to implement a new and tougher economic policy.

Reports that Argentinean President Carlos Menem is intent on shifting from traditional Peronist economic intervention toward more reliance on private enterprise and open markets. Dismantling of the state-dominated economic structure created by former president Juan Domingo Peron; Miguel Roig as economy minister.

This article comments on the presidential elections in Argentina which will be held on May 14, 1989. This will mark the first major Latin American election after riots in Venezuela against austerity measures imposed by President Carlos Andrés Pérez. So the outcome will be an important barometer of popular sentiment in the debt-laden region. Front-runner Carlos S. Menem, the Peronist governor of La Rioja province, is a free spender who is unlikely to take the hard steps needed to revitalize Argentina's stagnant economy and get foreign creditors' help in restructuring its $59 billion debt. As the presidential candidate of the opposition Justicialist Party, the Peronist movement's formal name, Menem attracts voters to blame Alfonsin and his Radical Civic Union party for falling living standards. Nevertheless, Radical Party candidate Eduardo C. Angeloz, the pragmatic governor of Córdoba province, appears to be narrowing Menem's lead to a range of 5 percent to 10 percent in current polls, down from 15 percent to 20 percent in early February 1989. Angeloz is a colorless campaigner. But he is offering a strategy for modernizing Argentina's protected economy with market-opening steps, spurs to foreign investment, and privatization of such key sectors as communications, energy, and transport. By contrast, Menem proposes few clear-cut policies and often contradicts himself in bidding for support from key groups. He endorses privatization but has assured right-wing union bosses who support him that state-run businesses will not be cut back.

The article focuses on the challenges faced by Jacobo Finkielstain, owner of the Central National Bank of New York in New York City. As his bank was declared insolvent, regulators are suspecting it could not be saved. In this essay, the authors illustrates that he was a victim of bad events at the bank in which he was not involved.