August 2, 2018 |
The shores of Nahuel Huapi would seem an odd spot to fret about Argentina’s finances. The first winter snow has fallen around the lake, and skiers are talking about a good season at Cerro Catedral, a nearby resort.
But Carlos Balseiro, director at the famed Balseiro Institute, fears cutbacks. Well known as a Latin American center of experimental physics and nuclear engineer- ing, the academic institution relies on state funding. But a currency crash this year has raised the specter of a brain drain to higher- paying markets. “Once you lose talent, it’s hard to get it back,” Balseiro says.
He is not alone in worrying that the policies of President Mauricio Macri are failing to keep Argentina’
Balancing austerity measures with a new credit line from the IMF, the Macri administration hopes pragmatism can right Argentina’s economy