The Redrado saga is over, but the inflation and the fiscal sagas just begin

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The Redrado saga is over, but the inflation and the fiscal sagas just begin

Enero 2010

Reflections on the new political scene.

It seems that the worst of this institutional crisis is behind us, as Redrado is now out, there is a new president of the Central Bank that will stay in his position till September and there are negotiations with the opposition to set-up a new, smaller and more bounded “bi-centennial fund”. With these actions the political situation is back to normal, except….. that one never knows when the next crisis will happen.