Argentinian economy chief Martin Guzman, who led debt renegotiations with the International Monetary Fund, resigns sparking fresh uncertainty in Latin America's third largest economy
Argentinian Economy Minister Martin Guzman takes a sip of water during announcement of the creation of a tax on so-called"extraordinary profits" for big companies that earned more-than-expected due to the war in Ukraine, at the Museo del Bicentenario in Casa Rosada presidential palace, in Buenos Aires, Argentina, June 6, 2022.
"It will be essential that you work on an agreement within the ruling coalition," he added in the statement shared on Twitter. "The resignation will have a very bad effect in the markets. Even if the president and vice president reach a consensus on managing the economy, from now on everything will be conditioned by Cristina Kirchner's pressure."
Kirchner's faction has gone after Guzman ever since Everyone's Front lost control of the senate during last year's midterm legislative elections. The country was already struggling with rising poverty, unemployment and a depreciating currency before the coronavirus pandemic exacerbated matters. Guzman's detractors within the ruling coalition hit out at him over perceived excessive zeal in tackling the budget deficit and his monetary policy.
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