Christina Fernandez

Argentina’s President Ousts Central Bank Boss

Posted by Gabriella Stern on January 07, 2010
Argentina, Central Banks, Politics / Comments Off

Or she’s trying. As DJN colleague Matt Cowley reports, it’s not clear
Argentina’s President, Cristina Fernandez, can fire Martin Redrado as Central Bank governor, even after signing a decree sacking him for allegedly poor conduct and dereliction of duty. If you’re new to the topic, have a look at my blog on this yesterday. Fernandez’s administration said Deputy Governor Miguel Angel Pesce will be Redrado’s successor – but we are reporting that it’s not clear Redrado will step aside; he’s meeting with his lawyers. It looks as if the Congress will eventually review the Fernandez decree – and the head of the opposition party says Redrado should seek a court order to keep him in his job until that happens. All in all, not a confidence-boosting development.

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