President Kirchner: Another Peron?

Cristina Fernandez de Kirchner, President of Argentina

President Kirchner, who has been in office since December 2007, was re-elected in 2011 and may have her sights on a third term – which would require an amendment to the constitution.  She was the first elected female president of Argentina and the second to hold that office after Isabel Peron in the 1970s. Her landslide election victory resulted from a popular policy of wealth distribution. She is an admirer of the Peron dynasty and the widow of Nestor Kirchner, a former president of the country.

Kirchner’s administration has not been without criticism and there have been allegations of corruption and crony capitalism. Early in the New Year the IMF censured Argentina for failing to comply with international standards for compiling inflation and economic growth figures.  The country is experiencing its highest inflation for a decade. An anti-government demonstration in November attracted up to half a million protestors. However, the opposition is in very poor shape and things look more promising for the government now that GDP is improving.

CFI

Recent Posts

When Trust Erodes: Unpacking the Anatomy of Corporate Scandals

Corporate scandals, from Wells Fargo’s fake accounts to Enron’s fraudulent accounting, shatter public trust and…

2 days ago

The Evolution of Elite: A History of Hedge Funds

From Alfred Winslow Jones’s 1949 experiment to today’s trillion-dollar hedge fund industry, the story of…

4 days ago

The Vanishing Vault: Has Digital Banking Closed More Than Just Branches?

As physical bank branches vanish from high streets across Europe and North America, the shift…

1 week ago

AI Dividends Arrive: Big Tech’s Earnings Surge Shows Power of Scale and Strategy

Meta, Microsoft, Apple, and Amazon deliver robust earnings, reinforcing their central role in markets—and highlighting…

2 weeks ago

Sango Capital: Reframing Africa’s Investment Landscape for a New Global Cycle

As global capital seeks diversified growth and risk-adjusted returns, Sango Capital reaffirms Africa’s position as…

4 weeks ago

The Janus-Faced Banker: Hjalmar Schacht and the Tragedy of German Economics

Hjalmar Schacht, a brilliant economist who rescued Germany from hyperinflation, ultimately became an enabler of…

4 weeks ago