(Vatican Radio) Incoming Argentine President Mauricio Macri, is promising a new direction and an array of business orientated reforms to pull the country out of the economic dolldrums.
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Argentina’s new government is confronted with the lowest worldwide reservations in nine years as it starts to unwind former President Cristina Fernandez de Kirchner’s policies that fueled inflation, kept the peso artificially powerful, impeded the market, and prevented the state from soliciting global bond markets.
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But with Latin America’s third-largest economy now slumping back toward recession, Macri’s calls for change propelled him to a come-from-behind win in the run-off election on November 22 against Kirchner’s chosen successor, Daniel Scioli.
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“Once again, the enemy will be inside Government House”.
“Politics is not a scenario to lie to people with false data”, said Macri.
Looking much more relaxed than he had during his address to congress, Macri shouted: “I love you, I love this country, I love each and every one of you and with you we’re going to build the Argentina we dream of, thank you, thank you, thank you”.
Macri also said he would not unleash a battery of measures to pull the economy out of a four-year stagnation but would work steadily to sustain employment, provide more social welfare and public services for the poor, create jobs and attract investment.
Macri, 56, wanted to take the oath of office at Congress, then travel the 2km to the iconic presidential palace, the Casa Rosada, to receive the presidential sash and sceptre from Kirchner. MARKETS RISING Macri supporters say the changes he will bring in are long overdue, but he will have to tread carefully if he is to cut state spending to sustainable levels without pushing the troubled economy into recession.
Macri has said he wants the two to gradually converge. “We need to overcome the phase of confrontations”, he stated.
Correa and Bolivia’s leftist President Evo Morales, who was also closely allied with Fernandez, told reporters on Thursday they expected a constructive working relationship with Macri despite ideological differences.
Macri promised to fight the nation’s growing illegal drug trade “as no president has before” and be ruthless in cracking down on corruption.
Mauricio Macri was sworn in as Argentina’s president Thursday, calling for national unity and dialogue “to move Argentina forward into the 21st century”. Last week, as she gave a goodbye speech to her supporters, she went so far as to urge her followers to take to the streets in protest in they felt betrayed by Macri’s brand of center-to-right governing.
That may have influenced President Macri’s choice of Ban Ki-moon’s former Chief of Staff at the UN, Susana Malcorra, to be his foreign minister.
Outgoing president Cristina Fernandez snubs Macri over handover.
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Her decision to skip Thursday’s inauguration ceremony was widely criticized; it was the first time since the country’s return to democracy in 1983 that an outgoing president has done so.
