Here’s how today’s Morgan Stanley regular “This Week In Latin America” pdf kicks off:
Argentina: The Return of Orthodoxy? by Daniel Volberg.
While most investors will be watching the European summit next weekend, we will be watching Argentina for the names of the new cabinet ministers for signs that the new administration may be about to take an orthodox turn. Indeed, we think the most likely outcome is tighter fiscal and monetary policy along with moves to limit wage increases—all designed to regain control over Argentina’s inflation problem
This is what Kirchner inner circle member Daniel Filmus said today:
No surprises. According to Senator Daniel Filmus, the new Cristina Kirchner ministerial cabinet will not have any great changes.
“The cabinet will be, in general terms, the same as that which since 2003 has brought the transformations to the country. There aren’t any surprises (in store).”