News Daily Spot: Macri Kirchner welcomes Argentina to begin transition

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Macri Kirchner welcomes Argentina to begin transition

The mentioned "change of era" in Argentina proposed by President-elect Mauricio Macri, a liberal right, starts this Tuesday when it is received by the outgoing president of the center-Cristina Kirchner, to refine the transition to a split in light of country a tight runoff.

The meeting will take place at the official residence of Olivos, north of Buenos Aires, at 19H00 local (23H00 GMT), 16 days of handover on 10 December.

Cristina Kirchner "wished me the best of luck and I quoted" said Macri, 56, who won the ballot for the ruling Daniel Scioli by 51.4% to 48.6%, an adjusted difference condition its management.

According to market analysts, this narrowly caused the collapse of the Stock Exchange (-5.1%) on the day after the election, in addition to profit-taking after a week of gains when polls predicted a comfortable win Macri.



"I meet with the President and that will set the parameters for the next few days. Go alone, is very short transition "Macri told the newspaper Clarin and predicted that prompted" an orderly transition "and that access to information is provided in the ministries.

Beyond good wishes, the president and his successor, the outgoing mayor of Buenos Aires, have shared a few scenarios for their respective efforts initiated in 2007.

Days ago, the leader of the conservative alliance's change allowed to dream when you receive the presidential sash: "The photographers are going to fight to see who best captures the moment," he said.

- Economic Cabinet six heads-
Macri, a pro-market man, said it would start naming his cabinet on Wednesday.

He announced a new conformation not have a "super minister" of economy, old-fashioned, but a team of six ministers and a coordinator: Treasury and Finance, Production (ex Industry), Infrastructure (exPlanificación), Agriculture and new portfolios of Energy and Transport.

The new government will receive a desendeudado country with low unemployment (5.9% in the third quarter of 2015), but with critical issues such as inflation, the restriction on the purchase of foreign exchange (FX market), the fall in reserves ( below 26,000 million) and mistrust in official statistics.

"We will create clear rules so that everyone knows that you can invest. Let's stabilize the value of the currency down inflation. We will have a single foreign exchange market, as throughout Latin America, "Macri promised.



Clarin said on Tuesday it will raise the 'FX market' force since 2011, on December 11, the day he takes command, but on Monday said it will take measures "when conditions are ripe."

"There will be a single exchange where the Central Bank will intervene to which it is administered," he said when making reference to the dollar on the parallel market (15.20 pesos on Monday) and not the official at 9.68 pesos .

According to Macri, "the problem is not inflation but the devaluation" double digits since 2008.

They are also on the agenda issues such as the opening of imports, reducing subsidies to services and the elimination of agricultural export taxes, claimed by the large producers.

- Consensus and opposition K -

Cristina Kirchner on Monday received Daniel Scioli and Carlos Zannini, defeated the ruling formula on Sunday and agreed to work to be a "purposeful and constructive" opposition, according to reports.

"The president takes the blood policy. Not seen leaving or away from politics, "he told AFP analyst Rosendo Fraga, a consultancy New Majority.

Fraga said the outgoing president "is going to try a few days before leaving office, be a sort of leader of the opposition, with the idea of ​​returning to power in the election of 2019 or at another time."

Macri, processed by a case of illegal wiretapping, will be the first elected president by popular vote which is neither radical or Peronist, the two parties that monopolized political Argentina since the twentieth century.

It must govern without a majority in both houses controlled by the Front for Victory, Kirchner's party congress.

The Social Democratic Radical Civic Union (UCR) provided its territorial force the alliance's change, but its main sword Senator Ernesto Sanz, withdrew for "personal reasons" to integrate the cabinet, a move that generated noise before the inauguration.

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