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Argentina braces for a tough presidential transfer of power

Argentina braces for a tough presidential transfer of power after Fernandez-Macri meeting

Argentina braces for a tough presidential transfer of power

BUENOS AIRES, Argentina (AP) -- Argentines may be facing a difficult transfer of power, with President-elect Mauricio Macri expressing disappointment after a transition meeting with outgoing President Cristina Fernandez.

After a meeting late Tuesday at the presidential residence, Macri said Fernandez was cordial but the talk "wasn't worth it."

He said they only went over protocol for the Dec. 10 inauguration ceremony. There was no mention of outgoing ministers or their replacements.

Macri says he will tackle Argentina's economic woes, including plunging foreign reserves, high government spending and soaring inflation.

He has also vowed to lift unpopular restrictions on buying U.S. dollars to eliminate a black market of foreign currencies that creates distortions in the economy.


Updated : 2021-09-25 20:58 GMT+08:00