11-27-2023, 03:37 AM
The jury is not in yet, but another piece of evidence to keep track of has dropped:
In the blink of an eye, Argentine President-elect Javier Milei pivoted away from advisers advocating for his most dramatic campaign promises, choosing Wall Street veterans closer to former leader Mauricio Macri.
Milei’s boldest campaign proposals — dollarization and closing the central bank — appear at least on hold for now amid a staffing shake up. Milei distanced himself from his dollarization guru, Emilio Ocampo, and on Friday another hawkish adviser from early in the campaign, Carlos Rodriguez, announced on X he was departing. Milei had repeatedly said he’d name Ocampo to lead Argentina’s central bank, though he reiterated Friday that closing the institution was “non-negotiable.”
In their place, Milei’s economic team is being led by Luis Caputo and Demian Reidel, two former Wall Street veterans who held key posts during Macri’s presidency from 2015 to 2019.
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