10 May 2011

ARGENTINA: Profile: President Cristina Fernandez de Kirchner.

REUTERS/ Long PROFILE And READ/ By H. Popper, K. Grazina

     Wall Street hoped for policy changes from President Cristina after her husband Nestor's death.
     But it didn't happen..

    "In the past six months, she has cranked up pressure on the private sector with fresh price controls to battle double-digit inflation, tighter import curbs and a decree to beef up the state's presence on company boards in which the ANSES pensions agency holds a stake.
     Fernandez had already stunned the private sector in late 2008 by pushing the nationalization of private pension funds, a step that handed ANSES stakes in more than 40 Argentine companies.
     Such measures infuriate hostile business leaders and conservative newspaper columnists, who like to draw parallels with Venezuela's Socialist President Hugo Chavez. But they go down well with many voters, who blame the 2001-02 crisis on the free-market economic policies embraced in the 1990s."