The markets are cheering the arrival of Sergio Massa as Argentina’s third economy minister in less than a month, but analysts caution that more details are needed about his plans to get the South American country out of its dire economic straits.
The local currency, the peso, strengthened sharply in the financial market on Friday while government bonds saw gains a day after President Alberto Fernández's government unveiled the appointment of Massa as an economic “super minister” that combines the current Economy, Productive Development and Agriculture ministries.
