"It could mark an inflection point," Mr. Fraga said, "the course changes from the center-left to the center-right."
South America's leftist governments losing grip on power after years of dominance →
And by using central bank reserves to fund social programs rather than make debt payments, Argentina has found itself increasingly isolated from the rest of the world, Mr. Fraga said.
Putting Argentina's Kirchner on Peron pedestal →
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