![]() "It seems to me that Massa and his skills can contain the street protests a little better," political analyst Jorge Giaccobe said. The government - and some observers - also hope he can help calm growing social unrest. The initial response was positive on Friday, with the stock market clawing back some losses. ![]() Massa told reporters on Friday that he will announce some new measures next week, though it remains unclear what they will be.įernandez's bitterly divided center-left coalition hopes Massa's arrival will calm financial markets. ![]() Malamud described recruiting Massa for the expanded role as "more like a desperate bet than a reasoned one," adding that cutting a widening fiscal deficit and rebuilding confidence must be top priorities. "It seems like their last chance," said political analyst Andres Malamud, referring to government officials' so far unsuccessful efforts to reign in sky-high inflation, over-spending and a plunging peso currency. ![]()
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