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Massa Named As New Economy 'Super' Minister

ARGENTINA
  • As had widely been expected following reports from Clarin newspaper, President Alberto Fernandez named Lower House Speaker Sergio Massa to lead a new expanded Economy Ministry late Thursday.
  • The appointment of Lower House Speaker Sergio Massa to the high-profile job, known locally as “super minister” because it includes duties previously carried out by agriculture and production peers, has raised expectations that the government may implement at least some of the painful measures that investors say are needed to correct economic imbalances -- higher interest rates, spending cuts, and a currency devaluation.
    • Silvina Batakis, who had been named economy minister on July 4, will take the top job at Banco Nacion, according to a statement.
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