Money on Macri
Argentina’s president Mauricio Macri has perhaps had it easy. His move to steady the Latin American nation after the volatile Cristina Fernández de Kirchner years has been well received by the international community, who have breathed a collective sigh of relief. Macri still hasn’t managed to bring the economy under control – growth is slow, the cost of living is high and inflation is still a major issue – but that’s not enough to stop financial services firm Morgan Stanley banking on Argentina’s business-friendly future. It predicts €57bn in investment for the country over the next five years as long as the “process of normalisation” continues. Something unthinkable just a few years ago.