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Argentine finance minister is fired as recession bites

2016-12-26 15 Dailymotion

Can a cabinet reshuffle bring relief to recession-hit Argentina?<br /><br /> Finance Minster Alfonso Prat-Gay has been forced out, as President Mauricio Macri tries to turn things around.<br /><br /> Growth has been elusive during the first year of his centre-right administration and patience is wearing thin as a long-awaited recovery fails to materialise. <br /><br /> <br /><br /><br /> President Macri's ability to carry out the reforms Argentina needs is cast in doubt https://t.co/fHFEcMwxEx— The Economist (@TheEconomist) 22 décembre 2016<br /> <br /><br /> <br /><br /><br /> Earlier this month, tens of thousands of leftist activists took to the streets to commemorate the 15th anniversary of Argentina’s economic crash in 2001, that led to rioting and chaos. <br /><br /> But the mass demonstration in Buenos Aires on December 20 was also a protest at the policies of the Macri government. And neither a change of personnel nor the division of the Finance Ministry into two is likely to quell leftist protesters’ anger.<br /><br /> “We have come to demand the same things we did in 2001” said Vilma Ripoll, leader of the Socialist Workers Movement political party.<br /><br /> “We have come to demand an end to misery, to hunger, to lay-offs. This government has not fulfilled any of its campaign promises.”<br /><br /> <br /><br /><br /> Argentina recession lingers as economy shrinks in third quarter https://t.co/rzeSVYvdeB pic.twitter.com/ATql7nfvpr— Reuters Top News (@Reuters) 23 décembre 2016<br /> <br /><br /> <br /><br /><br /> In September, authorities admitted that nearly one-third of Argentina’s population lives in poverty.<br />

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