I'm John Batscher with Evan Alice of the U.S. Army War College, Argentina.

Javier Malay is the colorful new president, man who campaigned with a but with a

chainsaw. He has applied his thinking as bluntly as possible cutting out

ministries reversing all of the transfer payments of

many decades into the hands of unions and favored people again you know for my

friends everything for my enemies, the law.

That is Argentina, until long comes Javier Malay.

Professor, there are competing headlines in Argentina. I mentioned one, the markets are said to be in a celebratory

mood before the Easter break. Another saying that there was a gathering nationwide, but in Buenos Aires to remember a coup in

1976.

I don't know.

Is this mean Malay is doing well or not? Well, John, Malay is doing well in terms of macroeconomics, but it's important to kind of pull

back the carpet a little bit and realize, kind of why and what's going on.

First of all, because of the previous status, Perrinist government, the country was fiscally and

financially in an absolute disaster.

They were ten billion dollars in the red in their foreign currency.

They fiscally were running unsustainable deficits.

Inflation was beginning to get into the hyper-inflation territory,

et cetera, et cetera.

Malay, as again, is a liberatorian as a. etc. he stopped the Argentine government from spending money and in the process and he

devalued the currency to something that was more reasonable.

So on the one hand, essentially stopping the economy meant that he has been able to get Argentina's foreign currency reserves back up.

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