Get Four
Free Issues

Subscribe to BW
Customer Service


Full Table of Contents
Cover Story
Up Front
Readers Report
Corrections & Clarifications
Books
Technology & You
Economic Viewpoint
Business Outlook
News: Analysis & Commentary
In Business This Week



Washington Outlook
International Outlook
People
Information Technology
Developments to Watch
Legal Affairs
Sports Business
Government
Environment
The Corporation
Corporate Scoreboard
BusinessWeek Investor
Dividends
The Barker Portfolio
Inside Wall Street
Figures of the Week
Editorials




AUGUST 11, 2003
INTERNATIONAL OUTLOOK

Argentina's Surprise

Argentine President Néstor Kirchner's decision on July 25 to strip retired military officers of their long-standing immunity from extradition for human rights abuses during the 1976-1983 dictatorship led to the arrest of at least 40 people. But Kirchner is not only helping the country confront its "dirty war." The move could prove a masterstroke in consolidating the new Peronist President's political base.


Kirchner has surprised the skeptics. They shrugged when he pledged, upon taking office on May 25, to stamp out corruption and put an end to official impunity -- just as his predecessors have vowed. But Kirchner has distanced himself from the pack by doggedly pursuing some of the country's most mistrusted institutions -- the Supreme Court, police, and even labor unions, traditionally a staunch Peronist ally. In going after the military responsible for the disappearance of 30,000 suspected leftists in the last dictatorship, Kirchner, who was jailed briefly for activism in the 1970s, has homed in on the most powerful symbol of the old model he aims to break.

Argentines are applauding. Kirchner's popularity rating has soared to almost 80% -- an amazing jump given that he was elected by default with 23% of the vote after the top vote-getter, Carlos Menem, withdrew from a scheduled second round. Kirchner may need that political capital if he has to agree to tough, controversial demands from the International Monetary Fund to meet a September deadline for a new loan accord and roll over $6 billion in multilateral debt due by yearend.



By Joshua Goodman in Buenos Aires

Edited by Rose Brady
 BW MALL   SPONSORED LINKS
    Buy a link now!

    Get BusinessWeek directly on your desktop with our RSS feeds.XML

    Add BusinessWeek news to your Web site with our headline feed.

    Click to buy an e-print or reprint of a BusinessWeek or BusinessWeek Online story or video.

    To subscribe online to BusinessWeek magazine, please click here.

    Learn more, go to the BusinessWeekOnline home page

    Back to Top



      MARKET INFO
    DJIA 0 0.00
    S&P 500 0 0.00
    Nasdaq 0 0.00

    Portfolio Service Update

    Stock Lookup

    Enter name or ticker



    Media Kit | Special Sections | MarketPlace | Knowledge Centers
    Bloomberg L.P.