Argentina appoints former JP Morgan, Shell, & Monsanto executives to top spots in government
Ex-JPMorgan Banker Confirmed as Argentina's Finance Minister
By Charlie Devereux - November 25, 2015 — 10:22 AM EST
A former JPMorgan Chase & Co executive and central bank president, Alfonso Prat-Gay, will be Argentina’s new finance minister, responsible for rolling back a decade of state intervention in the economy.
The new government, due to take office Dec. 10, will also create an energy and mining ministry to be headed by Juan Jose Aranguren, former chief executive officer of Shell Argentina, Cabinet Chief Marcos Peña told reporters Wednesday.
President-elect Mauricio Macri has pledged to open up the country’s economy following 12 year of rule by President Cristina Fernandez de Kirchner and her late husband. He has also said he plans to reduce the power of the current economy ministry to diversify decision-making, with the finance minister playing a key role in a newly-formed economic cabinet comprised of six ministries. Prat-Gay said Wednesday that Macri’s government plans to present a package of new laws to Congress in its first week.
“They’re building a great team with solid technical grasp, it’s way superior to what we’ve had previously,” said Fernando Jasnis, a money manager at Explorador Capital Management. “It’s a good signal, this team is going to promote trust. They’re people with a great track record and reputation in the market.”
http://www.bloomberg.com/news/articles/2015-11-25/ex-jpmorgan-banker-seen-as-argentina-s-new-finance-minister
Here is the story in regards to Monsanto:
http://www.telesurtv.net/english/news/Former-Monsanto-Exec-Named-Buenos-Aires-Agriculture-Minister-20151125-0041.html
One might recall that "Vulture Capitialists" bought Argentina's defaulted debt much of which was racked up by a dictator the US helped install:
http://www.huffingtonpost.com/2013/06/20/vulture-capitalists-argentina_n_3466679.html
http://www.nakedcapitalism.com/2014/07/ignacio-portes-paul-singer-v-argentina-debt-come.html
https://en.wikipedia.org/wiki/1976_Argentine_coup_d%27%C3%A9tat
http://www.salon.com/2015/11/18/this_is_why_they_hate_us_the_real_american_history_neither_ted_cruz_nor_the_new_york_times_will_tell_you/
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