Argentina’s president back in public, says she’ll ‘deepen’ her left-leaning economic model

[Judi Lynn]

Argentina’s president back in public, says she’ll ‘deepen’ her left-leaning economic model
Associated Press, Published: November 20

BUENOS AIRES, Argentina—Argentine President Cristina Fernandez said Wednesday that she's going to deepen her government's left-leaning economic program.
Fernandez remade her Cabinet this week after six weeks of rest following head surgery. Her appointments suggest she'll tighten her grip on the economy, which is struggling with high inflation and dwindling foreign reserves.

"We need to continue to deepen the model so there are more Argentines included and to prevent anyone from coming to take what's ours," she said in her first public act at the presidential palace in 47 days.

~ snip ~

She nationalized private pension funds, renationalized the country's flagship airline and led Argentina's uncompensated seizure of the Spanish company Repsol's controlling, $10 billion stake in the state YPF oil company.

These measures have been hugely popular with those Argentines who blame the privatizations of the 1990s and other free-market policies for the country's economic crisis and debt default in 2001-2002.

More:
http://www.mercurynews.com/nation-world/ci_24565455/argentina-president-well-expand-leftist-model

[mwrguy]

1. We could learn a lot from Argentina

They aren't knuckling under to predatory capitalists.