The Macri administration has announced aims to boost public work and attract investments of US $100 million and has called this new direction “The Marshall Plan.” Sounds familiar? That’s because Macri is borrowing the namesake of a strategy that was used by the US to help Europe rebuild after World War II. It was named for US Secretary of State George Marshall and had bipartisan support under the Truman administration. “Argentina is conditioned by the factors of the region and the world.”Rocca also said, “Argentina must also define its commercial relationship with China so employers can define their investment.”Of Argentina’s commercial relationship with China, Macri has said he prefers a more “balanced” relationship with foreign investors. Read more: Here’s Macri Doing A 10-Minute Interview In EnglishThe original “Marshall Plan” was a US initiative that aided Europe by lending US 12 billion dollars (approximately US $120 billion today when adjusted to inflation).

Source: The Bubble August 01, 2016 17:32 UTC