Argentina’s best chance of making a comeback from the brink and taming spiraling inflation is the economy minister who’s overseen it all, says longtime investor Hans Humes.
Sergio Massa, who’s running for president in an October election, is one of the most pro-market politicians within the ruling leftist coalition, according to Humes, the chief executive of Greylock Capital Management.
While the so-called “super minister” saw inflation surge to 116%, he has the political capital to slash government spending without sparking social unrest, Humes said in an interview.
A campaign poster for Sergio Massa in Buenos Aires on Aug. 7.
Photographer: Erica Canepa/Bloomberg
“Everyone knows a painful fiscal adjustment ...