BUENOS AIRES: After ten years of democratic rule under President Carlos Menem, Argentina's transition to its new president, Fernando De la Rua, has been swift and smooth. The ease of change from Peronist rule to the center/left Alianza signals Argentina's democratic maturity. Stability prevails in financial markets; country risk fell 300 basis points between July and the day De la Rua assumed power; industrial production grew 14.9% in the second half of last year.
BUENOS AIRES: After ten years of democratic rule under President Carlos Menem, Argentina's transition to its new president, Fernando De la Rua, has been swift and smooth. The ease of change from Peronist rule to the center/left Alianza signals Argentina's democratic maturity. Stability prevails in financial markets; country risk fell 300 basis points between July and the day De la Rua assumed power; industrial production grew 14.9% in the second half of last year.