When Alan Garcia ’s first term as president of Peru ended in 1990, the economy had shrunk by 10 percent, inflation was raging at 7,000 percent, and half the population lived in government-declared emergency zones where Maoist guerrillas were active.
An open primary on Aug. 14 is becoming more urgent for Argentine President Cristina Fernandez de Kirchner’s re-election efforts after a string of defeats in regional votes undermined support for the government.
Argentine Vice President Amado Boudou, who for years antagonized investors in South America’s second-biggest economy, may now become their guarantor of political and economic stability in a nation reeling from its leader’s surprise diagnosis with cancer.
Venezuelans, who in the past decade have grown accustomed to watching Hugo Chavez make national policy in near-daily television appearances, must now get used to him governing from a hospital bed in Cuba.
Argentine President Cristina Fernandez de Kirchner defused speculation she would announce a takeover of the country’s biggest energy company today during an annual speech to Congress. Shares of YPF SA soared.