The Minister Who Would Be Czar

Hudson, Peter, Newsweek International

The Spanish industrialists who met Domingo Cavallo during a whirlwind 18-hour visit to Madrid last week could be forgiven for wondering whether he had just been named president of Argentina. Barely a week after he joined the cabinet of Fernando de la Rua as economy minister, Cavallo talked like the real power behind the throne as he unveiled his plan for tackling Argentina's worst recession in more than a decade. The Harvard-trained technocrat who stabilized the chaotic Argentine economy under de la Rua's predecessor Carlos Menem in the early 1990s betrayed few doubts about his ability to rescue the nation from its current crisis. "We don't need any more financial help," Cavallo …

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Publication information: Article title: The Minister Who Would Be Czar. Contributors: Hudson, Peter - Author. Magazine title: Newsweek International. Publication date: April 9, 2001. Page number: 31. © 2009 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. COPYRIGHT 2001 Gale Group.

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