Reflections

The Specter of Past Administrations Haunts Argentina's President

Nov 15, 2016 | 01:21 GMT
The Specter of Past Administrations Haunts Argentina's President
High oil prices could help the Argentine government in the short term as it tries to get the Vaca Muerta shale field off the ground. But if President Mauricio Macri can't get a handle on surging gasoline prices, he could pay a political price.
(JUAN MABROMATA/AFP/Getty Images)

When global commodities prices began to decline, they took Argentina's economy with them, exacerbating the country's long-standing economic problems, such as high inflation, isolation from foreign capital markets and heavy government spending. Mauricio Macri won the presidency in November 2015 on a campaign to improve the country's economic straits, and...

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