It is a coup for Mauricio Macri, Argentina's recently elected president, and will end the country's long isolation from the international credit markets. Together with other steps Mr Macri has taken since assuming office in December, including ending exchange controls and removing taxes on exports, the credit deal helps restore normality to an economy that had been distorted by populist controls during 12 years of rule by his two Peronist predecessors, Cristina Fernández de Kirchner and her late husband, Néstor Kirchner.
Read Full Article »
