News / Americas

Argentina's Fernandez Returns from Surgery, Names New Economy Minister

Argentine President Cristina Fernandez poses with her dog at the Olivos Presidential residence in Buenos Aires in this Nov. 18, 2013 handout supplied by the Argentine Presidency.
Argentine President Cristina Fernandez poses with her dog at the Olivos Presidential residence in Buenos Aires in this Nov. 18, 2013 handout supplied by the Argentine Presidency.
Reuters
— Argentine President Cristina Fernandez burst back on the scene on Monday after a five-week absence following surgery, naming as economy minister the government's point man in its 2012 seizure of the country's biggest oil company.
 
The promotion of leftist economist Axel Kicillof, who had been deputy economy minister, was announced by government spokesman Alfredo Scoccimarro in a televised address just minutes after Fernandez appeared for the first time since early October.
 
Kicillof, a charismatic and polarizing figure, steered the administration's expropriation of a controlling stake in energy company YPF from its former parent company, Spain's Repsol .
 
The YPF takeover enraged Argentina's trading partners from the European Union, but was welcomed by many Argentines as a defense of national strategic interests.
 
Known for his fiery speeches in defense of Fernandez's  unorthodox economic policies, Kicillof spent most of his career in academia, giving classes and writing about the theories of economists such as John Maynard Keynes and Karl Marx.
 
He replaces Hernan Lorenzino, who was named ambassador to the European Union.
 
Fernandez had an operation on Oct. 8 to remove blood that had pooled on the surface of her brain after she fell and bumped her head. She had not made an official public appearance or speech until earlier on Monday evening, leaving a five-week political vacuum in Latin America's third biggest economy.
 
“Thank you ... to the thousands of Argentines who have been praying for me,” a smiling Fernandez said in a televised address. Sitting on a sofa, she appeared healthy. On a table was a vase of red roses she said had been sent by a well-wisher.
 
She briefly held a small white dog she said was sent to her by one of the brothers of Hugo Chavez, the late left-wing leader of Venezuela and a political ally of Fernandez.
 
The president's absence had been conspicuous in a country accustomed to her centralized leadership style and frequent speeches.
 
Her office said her agenda on Monday was confined to meetings with senior officials. She has not been cleared for air travel and is scheduled for another medical checkup on Dec. 9.
 
Appointment 'Won't be Welcomed by Markets'
 
As she enters the final two years of her second term, Fernandez faces possible new protests from farmers who say her policies hurt their profits. High inflation, estimated by private analysts at 25 percent, rising crime, an overvalued currency and dwindling foreign reserves are also concerns.
 
Fernandez's supporters suffered heavy losses in congressional elections on Oct. 27 that ended her chances of securing a change to the constitution that would have enabled her to run for a third term in 2015.
 
“The appointment of Kicillof is not going to be welcomed by the markets,” said Ignacio Labaqui, local analyst for New York-based consultancy Medley Global Advisors.
 
“It confirms that government policy will not be altered by the results of the midterm election,” he said. “It increases the likelihood of a dual exchange-rate scheme, which Kicillof has been advocating, and we can expect that the central bank will continue to be the main source of financing for the Treasury.”
 
Despite his youthful appearance - local media sometimes make as much of his sideburns as of his policymaking -  Kicillof is a traditional leftist who shuns the tenets of 21st century globalism and believes Argentina must find its own way to industrial prominence.
 
Also on Monday, Argentina designated Carlos Fabrega as the country's incoming central bank chief and Carlos Casamiquela as agriculture minister.

You May Like

EU Court Fines Poland for Hosting CIA 'Black Sites'

Ruling is first time a court has acknowledged suspects were held and tortured at the sites, under US program launched following the 9/11 terrorist attacks More

Migrant Issues Close to Home Spur Groups to Take Action

Groups placing water, food in the desert, or aiding detainees after release, have one common goal: no more deaths of migrants crossing illegally into the US More

Video At AIDS Conference, Prevention Pill Stirs Excitement

Truveda shows promise, spurring debate over access and other approaches More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Treatment for Childhood Epilepsy Heats up Medical Marijuana Debatei
X
Shelley Schlender
July 24, 2014 6:43 PM
In the United States, marijuana is classed as an illegal drug by the federal government. But nearly half the states have legalized it, to some degree. Proponents say some strains of marijuana might have exceptional health benefits, for treating pain or inflammation in chronic conditions such as cancer, multiple sclerosis and epilepsy. Shelley Schlender reports on a strain of medical marijuana developed in Colorado that is reputed to reduce seizures in childhood epilepsy
Video

Video Treatment for Childhood Epilepsy Heats up Medical Marijuana Debate

In the United States, marijuana is classed as an illegal drug by the federal government. But nearly half the states have legalized it, to some degree. Proponents say some strains of marijuana might have exceptional health benefits, for treating pain or inflammation in chronic conditions such as cancer, multiple sclerosis and epilepsy. Shelley Schlender reports on a strain of medical marijuana developed in Colorado that is reputed to reduce seizures in childhood epilepsy
Video

Video Airbus Adds Metal 3D Printed Parts to New Jets

By the end of this year, European aircraft manufacturing consortium Airbus plans to deliver the first of its new, extra-wide-body passenger jets, the A350-XWB. Among other technological innovations, the new plane will also incorporate metal parts made in a 3-D printer. VOA's George Putic has more.
Video

Video Death Toll From Israel-Gaza Conflict Surpasses 700

Gaza officials say a shelling hit a compound housing a United Nations-run school in the Gaza Strip, killing more than a dozen people, during an Israeli offensive in the area. Heavy fighting between the Israeli military and Hamas militants continued on Thursday, pushing up the death toll. So far, more than 730 Palestinians and 35 Israelis have been killed in the conflict. VOA's Scott Bobb has the latest from Jerusalem.
Video

Video AIDS Conference Welcomes Exciting Developments in HIV Treatment, Prevention

Significant strides have been made in recent years toward the treatment and prevention of HIV, the virus that causes AIDS. This year, at the International AIDS Conference, the AIDS community welcomed progress on a new pill that may prevent transmission of the deadly virus. VOA’s Anita Powell reports from Melbourne, Australia.
Video

Video Israel Targets Gaza Supply Tunnels

The Israeli military has launched a ground operation in Gaza to destroy the myriad tunnels that may have been used to smuggle weapons to Hamas. VOA's Zlatica Hoke reports that could mean more hardship for the people of Gaza, who obtain some of their essential supplies through these underground passages
Video

Video Researchers Target Low-Cost Avatar Technology

Scientists at the University of Southern California Institute for Creative Technologies say 3-dimensional representations could revolutionize social media. Elizabeth Lee has more from Los Angeles.
Video

Video IAEA: Iran Turns its Enriched Uranium Into Less Harmful Form

Iran has converted its stockpiles of enriched uranium into a less dangerous form that is more difficult to use for nuclear weapons, according to the United Nations’ Atomic Energy Agency. The move complies with an interim deal reached with Western powers on Iran's nuclear program last year, in exchange for easing of sanctions. Henry Ridgwell reports for VOA from London.
Video

Video In Cambodia, HIV Diagnosis Brings Deadly Shame

Although HIV/AIDS is now a treatable condition, a positive diagnosis is still a life altering experience. In Cambodia, people living with HIV are often disowned by friends, family and the community. This humiliation can be unbearable. We bring you one Cambodian woman’s struggle to overcome a life tragedy and her own HIV positive diagnosis.

AppleAndroid

More Americas News

Honduran President Links Border Crisis to US Policy Divide

Human, drug traffickers 'perversely' exploit confusion about US immigration policy, Juan Orlando Hernandez tells reporters on Capitol Hill
More

Migrant Issues Close to Home Spur Groups to Take Action

Groups placing water, food in the desert, or aiding detainees after release, have one common goal: no more deaths of migrants crossing illegally into the US
More

House Republicans Present Border Plan for Child Migrant Crisis

Proposal, they say, offers alternative to emergency funding requested by President Obama to deal with massive influx of illegals
More

US Ambassador Calls for LGBT Rights

John Berry spoke at the 20th International AIDS Conference in Melbourne
More

China's Xi Praises Close Ties with Cuba

Head of China's Communist Party hails common socialist bond between his country and Cuba as he kicks off a state visit in Havana
More

US Judge Orders Argentina, Creditors to Reach Deal

Lawyers for investors who declined to restructure bonds after country defaulted on about $100B in 2002 warned that time running out to reach a deal, avert fresh default
More