Trump's 'friend' Mauricio Macri leaving presidency in Argentina after escalating economic crisis, overseeing high inflation

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 52%

Education Education Headlines News

Education Education Latest News,Education Education Headlines

'The crisis has deep roots, but President Macri mismanaged the response, exacerbating poverty and hunger,' Dr. Jennifer Pribble of the University of Richmond told Newsweek.

"I actually did business [with] his father," Trump said of Macri, as he met with the Argentinian leader."That was in my civilian days."The Argentinian president's ties to the Trump family first drew international attention shortly after Trump's election in 2016. At the time, Ivanka Trump controversially joined a call with her father and the Argentinian leader, prompting many to state their concerns about the president mixing family members with official duties.

Although Macri came to power with promises of international investment and opening up the country's relatively closed economy, while vowing to stave of an ongoing financial crisis, inflation soared, poverty increased and foreign investment remained around the same level. While the exchange between the Argentine peso to the U.S. dollar hovered around 11 to 1 when he took office in December 2015, it now stands at about 60 to 1.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

'...but President Macri mismanaged the response, exacerbating poverty and hunger'. So by today's standards of certain notable world leaders you're saying he was a success.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in EDUCATÄ°ON

Education Education Latest News, Education Education Headlines