Meet Mauricio Macri, Argentina’s new president

Macri served notice that Argentina’s close relationship with the leftist government of Venezuelan President Nicolas Maduro may be coming to an end.

“Macri will have limited capacity to maneuver [in congress] and the opposition will be more vibrant”, one economist told LatinFinance. Scioli nearly managed to avoid defeat of Kirchnerism appealing to the vote of the unions against new neo-liberal measures, though his program was very similar to his opponent. Although many Argentines mistrust the free market economy, a majority voted for the businessman over Daniel Scioli in Sunday’s runoff. In September 1987 former President Raul Alfonsin made the first presidential recognition of the Armenian Genocide during a ceremony with the Armenian community. But several incidents rocked the party’s image, including recent accusations that the party committed election fraud and the mysterious death of a prosecutor in February after he accused Fernandez of covering up a deal to protect Iranian officials against allegations that they bombed a Argentine-Jewish community in 1994. In 2013, Bergman was tapped by Macri to run for the national legislature, which he won, becoming the first rabbi to serve as a national lawmaker in the country.

GARCIA-NAVARRO: “We want to have good relations with all the countries”, he said. The Fernandez administration refused to negotiate despite repeated rulings by a USA federal court judge against Argentina, a stance that ultimately kept the South American nation from accessing worldwide credit markets.

But voters who backed Scioli fear Macri’s reforms will roll back the social and trade policies of the combative outgoing president that have benefited the poor and small businesses. Frigerio now heads Banco Ciudad in Buenos Aires, the capital.

Analysts think that after Macri takes office, he is to face the issue how to handle the economic pressure. “And the way she and her late husband wielded power has been morally violent”, he says. “I remember what happened before”, he said.

With 43 million people, gross domestic product of US$540 billion (S$764 billion) and a territory almost the size of India, Argentina has for long fallen short of its potential.

Who’s afraid of Mauricio Macri?

In the final stages of campaigning, Macri indicated he favored a more staggered lifting of currency curbs. Macri also has ties to other Jewish candidates.

Mr. Macri also avoided discussing specific policy adjustments, which scare Argentines concerned that broad overhauls of the economy will hurt them.

Macri said Malcorra would help Argentina “connect with other countries to develop opportunities of growth”. In 2007, he installed his wife Cristina Fernández as President.

When Macri unveiled a statue of Argentina’s legendary twentieth century leader Juan Péron in Buenos Aires during the campaign, he all but embraced the legacy of peronismo.