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The Intelligence from The Economist

Running into debt: Argentina’s new president

The Intelligence from The Economist

The Economist

Global News, Daily News, News

4.53.7K 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.

0:09.4

Every weekday we provide a fresh perspective on the events shaping your world.

0:17.8

After decades in the post-Soviet wilderness, some hard-left ideas are making a comeback.

0:23.5

Our correspondent sifts through the new manifestos and investigates the differences between

0:28.3

millennial socialism and some even more radical ideas.

0:32.9

And with the relentless rise of e-commerce, you might have thought that the mega-mall

0:37.3

was on the way out, not entirely. We pay a visit to a sprawling new complex that lens

0:43.1

shopping and entertainment in a bid to keep the mall alive.

0:56.2

But first, Argentina's new president Alberto Fernandez will be inaugurated today.

1:07.4

He won a decisive victory in October's election, but he faces urgent economic problems.

1:22.7

Argentina has inflation over 50%, rising poverty, and a sputtering relationship with the

1:28.4

International Monetary Fund, which gave its biggest ever loan to the country last year.

1:34.3

The new president has a high-profile deputy.

1:41.9

The vice president, Christina Fernandez, decursioner, no relation.

1:47.8

She is a former president from the Peronist Movement whose populist policies hobbled

1:52.4

the economy for years. She also faces legal troubles, accused of numerous corruption charges

1:58.5

that she denies.

2:00.6

As the Fernandez do take office, how will they govern? Some hope for pragmatism, others

2:06.2

fear more Peronist populism. Now that the two have named their cabinet, a picture is forming

2:11.7

of how the new era might look.

2:14.2

The cabinet looks like a mixture of how shall I put it back to the future and then some

2:20.5

new faces.

...

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