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Brazil & Southern Cone - October 2008 (ISSN 1741-4431)

ARGENTINA: Fernández rallies

After months of political blundering, President Cristina Fernández is fighting back.   The global financial crisis not only has eclipsed what were until recently pressing problems for Fernández's government - the farming conflict, the so-called “suitcase scandal" and the questionable legitimacy of the official inflation index (Indec) - but it has also provided the president with an opportunity to re-take the lead. She has adopted a less confrontational style - exemplified by her appointment of the popular Sergio Massa as her new cabinet chief - and has finally broken with the economics of her predecessor (and husband), Néstor Kirchner.   Nevertheless, while the financial crisis may prove politically advantageous in the short term, the inevitable economic fallout will store up problems for the president in the future.

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