Investors have also cheered the changes in Argentina: Its flagship Merval stock index, which tracks around two dozen of the country’s most valuable listed companies, has soared almost 140% this year.
But the budget cuts have come at a cost to ordinary Argentines. The poverty rate has jumped above 50% from an already high level, the economy, the third largest in Latin America, has slid even deeper into recession and unemployment is on the rise.
There will always be winners and losers in any dramatic change and it is always the poorer sections of the community who suffer first
But the richer NEED to feel and be better first so they can supply the jobs and conditions for the poor to prosper, so time will tell, but overall the reports are that he is doing well so far
