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Apr-25-2008Argentine economy minister resigns(topic overview)
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BUENOS AIRES, Argentina (AP) — Argentine Economy Minister Martin Lousteau is resigning, the country's official news agency reported Thursday. The Telam news agency cites unidentified Economy Ministry sources as saying that the 37-year-old minister submitted his resignation late Thursday. Other news media including the major daily newspapers La Nacion and Clarin are also reporting the resignation. Lousteau was the head of a state-run bank when he was tapped for the economy job by President Cristina Fernandez in December. [1] BUENOS AIRES (Reuters) - Argentine Economy Minister Martin Lousteau resigned on Thursday after less than five months managing Latin America's No. 3 economy and was replaced by the tax agency chief, a government source said. Lousteau, 37, had looked increasingly isolated in recent weeks and was sidelined in tense negotiations between the government and the country's disgruntled farmers, raising speculation that he would not last in the job. "He's presented his resignation," said the source, who asked not to be identified. He added that Lousteau's replacement would be economist Carlos Fernandez, head of the AFIP tax agency and a close ally of President Cristina Fernandez and her husband, ex-President Nestor Kirchner.[2]
BUENOS AIRES: Argentine Economy Minister Martin Lousteau has resigned, a government source said on Thursday. Rumors had been circulating about his likely resignation in recent weeks amid tense talks between the government and the country's farmers, who ended a three-week strike this month.[3]
BUENOS AIRES, Argentina (AP) — Argentine Economy Minister Martin Lousteau has resigned, a government official told The Associated Press Thursday. The official is close to the Economy Ministry, but asked not to be identified further because he is not authorized to speak on behalf of the government and the announcement is not yet official.[4] Argentina's Minister of Economy Martin Lousteau delivers a speech at the government house in Buenos Aires in this March 31, 2008 file photo.[1]
The Telam news agency cites unidentified Economy Ministry sources as saying that the 37-year-old minister submitted his resignation late Thursday. Other news media including the major daily newspapers La Nacion and Clarin are also reporting the resignation. Lousteau was the head of a state-run bank when he was tapped for the economy job by President Cristina Fernandez in December. [5] High inflation has become a major challenge for the government. One of the few new ministers appointed by Cristina Fernandez, the youthful Lousteau stood out in a cabinet dominated by faces from the previous government of her husband.[2]
In an interview with the AP early Friday, the official said Argentine tax agency chief Carlos Fernandez is expected to succeed Lousteau.[4]
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SOURCES
1. The Associated Press: Report: Argentine economy minister resigning
2. Reuters.com
3. Argentine economy minister resigns: Government source- International Business-News-The Economic Times
4. The Associated Press: Official: Argentine economy minister resigning
5. Reports: Argentine economy minister is resigning - International Herald Tribune
6. Argentina - Top 10 research resources
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