This is CBS Eye on the World.

Here's John Batchelor.

The New World Report with Professor Avan Ellis, the U.S. Army War College Strategic Studies Institute,

Argentina, remarks by the president of Argentina in the Financial Times, the pink paper in London.

Malay defies calls to float Argentine peso freely, subhead.

Libertarian president vows to double down on transformation of country's economy.

A very handsome picture of Mr. Millay with his

Beatles haircut, unruly, sitting behind the presidential desk with no particular computer in front

of him, smiling gleefully following the midterm elections of some days before, where he not

only held his own, he won a surprising number of seats that

were not expected against the Paranese coalition. What does this have to do with the United States?

Everything, because of a man named Scott Besson, the Secretary of the Treasury. I welcome Professor

Evan Ellis to help me understand this headline and how there is

promise here not only for Argentina, a troubled, a rich land, but troubled for many decades by the

poor decisions of the Peronese coalition, but also a promise for the rest of the continent as we will

unravel.

Professor, a very good evening to you.

Thank you.

Argentina is now in a zone where the debate is over a free-floating peso or not, dollarization

or not.

Mr. Malay's interview with the Financial Times and his remarks since the election

indicate he's sticking with a peso band and he will not free float the peso, nor will he

...