27 April 2012

ARGENTINA : Profile: Cristina Aide, YPF Takeover Author...Axel Kicillof.


      Recently...President Cristina Fernandez has relied on a former 40-year old professor for national economics strategy.
      Deputy EconMin Axel Kicillof is now widely credited for advocating the controversial nationalization of Repsol's YPF subsidiary.
      Kicillof is a true believer in the John Maynard Keynes' school of government intervention... and has risen quickly to become Cristina's most influential adviser.
     "When there's a crisis, the worst thing that can be done is to say the state is the problem. The state is the solution. When there is recession and economic crisis, the state becomes a key actor to revitalize demand and investment," he told the Argentine Senate.