BUENOS AIRES - Argentina’s Martin Guzman, a whiz-kid economist with close ties to influential U.S. economist Joseph Stiglitz, will bring a sharp academic intellect but little policy-making experience to the daunting task of reviving Latin America’s third largest economy and averting a damaging default.
Guzman, a debt specialist at Columbia who has a doctorate from Brown University, was confirmed as economy minister on Friday evening in the new cabinet of President-elect Alberto Fernandez, who takes office on Dec. 10. He will need all his training as Argentina braces for fraught negotiations with creditors to restructure around $100 billion in sovereign debt while steering the recession-hit country back to growth and taming inflation.
Guzman has worked on a research team and edits a journal with Nobel Prize-winning economist Stiglitz, a former World Bank chief economist who has criticized outgoing President Mauricio Macri’s tight fiscal policies for stalling Argentina’s economy.
I do not know him, but based on the past decades with Peronist governments, they are going to steal even flower pots! It is painful to see Argentina going this way once again.
Hugo Stiglitz?
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