Can Anyone Stop Argentina’s Great Unraveling?

By Eduardo Levy Yeyati

A workable solution must address the country’s dense web of special privileges.

BUENOS AIRES — Argentina has had three economic ministers in a month. Martín Guzmán unexpectedly resigned on July 2, after he lost the support of politicians close to powerful Vice President Cristina Kirchner. His successor, former Buenos Aires province economy minister Silvina Batakis, served as a placeholder. Neutral to both sides of the fractured Peronist governing coalition, she bridged the gap left by Guzmán's departure and absorbed some of the blame for the dismal market reaction that followed. Sergio Massa, president of the lower house and Cristina Kirchner’s former cabinet...

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