Silvina Batakis becomes Argentina’s new economy minister

·

Silvina Batakis has become Argentina’s new economy minister one day after the abrupt resignation of her predecessor Martin Guzman.

Batakis, who has the nickname La Griega (‘The Greek Girl’), is the descendent of Greek immigrants to Argentina.

Her appointment to economy minister was announced on Twitter by Argentina’s President Alberto Fernandez.

The 53-year-old brings a wealth of experience to the role having previously served as Secretary of Provinces in the Ministry of the Interior, and as economy minister for Argentina’s biggest and wealthiest province, Buenos Aires, from 2011 to 2015.

Her appointment comes at a time when the Argentine economy is in full-blown crisis mode, with inflation above 60 percent, a high fiscal deficit, fears rising about debt defaults, and people losing faith in the peso currency and anticipating a devaluation.

Silvina Batakis getting sworn in today. Photo: Twitter.

Guzman, her predecessor and the architect of a $44 billion debt restructuring deal with the International Monetary Fund (IMF), unexpectedly stepped down on Saturday.

This came after constant clashes with the militant wing of the ruling party who disapproved of his tighter fiscal policy.

According to dw.com, Batakis is seen as more aligned with the ruling Peronist coalition’s militant wing, which wants more public spending to help alleviate high poverty levels in Argentina. 

Source: dw.com.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Sydney remembers Cyprus’ fight for freedom ahead of National Day anniversary

Cypriot and Greek Australians gathered in solemn remembrance on Sunday, 30 March, for a memorial service marking Cyprus National Day.

Greek Orthodox Community of SA celebrates 204th year of Greek Independence

The Greek Orthodox Community of South Australia commemorated Greek Independence Day with joyous festivities on Sunday, 30 March.

From alleyway to legacy: Coburg’s Kastoria Lane project gains momentum

Merri-bek City Council has greenlit public consultation for the naming of Kastoria Lane, a project set to transform a neglected alleyway.

Burwood Council celebrates Greek National Day with local community

On Wednesday, March 26, Burwood Council hosted its annual Greek National Day celebrations, marking the 1821 start of Greece's Revolution.

Canberra remembers Greece’s fight for freedom with wreath laying and cultural display

On Sunday, Canberra’s Greek community came together to celebrate one of the biggest celebrations in Greek history, Independence Day.

You May Also Like

Greece to accelerate discussions for Parthenon Marbles return following impending Brexit

Greece described the day when the UK will officially leave the European Union as a “moment of sadness” in a statement issued Friday.

Tsapatolis’ career switch from basketball to AFL after rejecting Greece offer

"I told my parents footy is what I want to do and I’ll find a way to do it," new Geelong Cats singing Paul Tsapatolis said.

Bill Kordos presented with Law Institute of Victoria’s Award of Distinguished Service

Lawyer Bill Kordos has been recognised with the Law Institute of Victoria’s Award of Distinguished Service.