Running into debt: Argentina’s new president
Economist Podcasts
The Economist
4.3 • 5K Ratings
🗓️ 10 December 2019
⏱️ 21 minutes
🧾️ Download transcript
Summary
For the first time in decades, a non-Peronist president will peacefully hand over power. But the new president—and his deputy, former president Cristina Fernandez de Kirchner—have their work cut out for them. There’s a resurgence in radical-left ideas brewing; our correspondent picks through the manifestos. And an American mega-mall attempts to beat the rise of e-commerce with thrills.
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Transcript
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| 0:00.0 | Hello and welcome to the intelligence on Economist Radio. I'm your host, Jason Palmer. |
| 0:09.3 | Every weekday, we provide a fresh perspective on the events shaping your world. |
| 0:17.2 | After decades in the post-Soviet wilderness, some hard-left ideas are making a comeback. |
| 0:22.6 | Our correspondent sifts through the new manifestos and investigates the differences between millennial socialism and some even more radical ideas. |
| 0:31.6 | And, with the relentless rise of e-commerce, you might have thought that the mega-mall was on the way out. |
| 0:38.6 | Not entirely. |
| 0:40.2 | We pay a visit to a sprawling new complex that blends shopping and entertainment in a bid to keep the mall alive. |
| 0:57.0 | But first... Argentina's new president Alberto Fernandez will be inaugurated today. |
| 1:05.0 | We're going to build the Argentina, |
| 1:08.0 | egalitarian and solidarity that we alls that's the compromise that I assume. He won't a |
| 1:13.6 | He won a decisive victory in October's election, but he faces urgent economic problems. |
| 1:22.6 | Argentina has inflation over 50%, rising poverty and a sputtering relationship with the International Monetary Fund, |
| 1:30.3 | which gave its biggest ever loan to the country last year. The new president has a high-profile |
| 1:36.0 | deputy. |
| 1:37.0 | I'm very content. |
| 1:40.0 | The vice president, Christina Fernandez de Kirchner, no relation. |
| 1:47.7 | She is a former president from the Peronist movement whose populate policies hobbled the economy |
| 1:52.9 | for years. |
| 1:54.5 | She also faces legal troubles, accused of numerous corruption charges that she denies. |
| 2:00.4 | As the Fernandez duo take office, how will they govern? |
| 2:03.6 | Some hope for pragmatism. |
| 2:05.6 | Others fear more perinist populism. |
... |
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