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Viewing cable 06BUENOSAIRES876, MEDIA REACTION ARGENTINE MINISTER DE VIDO'S

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Reference ID Created Released Classification Origin
06BUENOSAIRES876 2006-04-18 19:19 2011-08-25 00:00 UNCLASSIFIED Embassy Buenos Aires
VZCZCXYZ0024
OO RUEHWEB

DE RUEHBU #0876/01 1081919
ZNR UUUUU ZZH
O 181919Z APR 06
FM AMEMBASSY BUENOS AIRES
TO RUEHC/SECSTATE WASHDC IMMEDIATE 4206
INFO RHMFISS/CDR USSOCOM MACDILL AFB FL//SCJ2//
RULGPUA/USCOMSOLANT
UNCLAS BUENOS AIRES 000876 
 
SIPDIS 
 
STATE FOR INR/R/MR, I/GWHA, WHA, WHA/PDA, WHA/BSC, 
WHA/EPSC 
CDR USSOCOM FOR J-2 IAD/LAMA 
 
SIPDIS 
 
E.O. 12958: N/A 
TAGS: KPAO OPRC KMDR PREL MEDIA REACTION
SUBJECT: MEDIA REACTION ARGENTINE MINISTER DE VIDO'S 
UPCOMING TRIP TO THE US US IMMIGRATION POLICY OLLANTA 
HUMALA DALLAS FEDERAL RESERVE HEAD RICHARD FISHER'S 
UPCOMING TRIP TO ARGENTINA 04/18/06 
 
1. SUMMARY STATEMENT 
 
Today's leading international stories include 
Argentine Planning Minister Julio De Vido's upcoming 
trip to the US; the US immigration policy and its 
implications; the IMF spring meetings; the Peruvian 
presidential candidate Ollanta Humala; and the 
upcoming visit of the head of the Dallas Federal 
Reserve, Richard Fisher, to Argentina. 
 
2. OPINION PIECES AND KEY STORIES 
 
- "The US is waiting for De Vido's visit" 
 
Alejandro Bianchi, columnist of business-financial "El 
Cronista," writes (04/18) "The more power (Argentine) 
Planning Minister Julio De Vido accumulates, the 
greater his commitments are. The US, with which De 
Vido has always tried to have a smooth relationship, 
invited him to attend two important conferences on 
future foreign investment in the country. 
 
"The first invitation was issued by the US Department 
of State to attend the 36th Conference 'Creating jobs, 
building hope - The hemispheric growth agenda in a 
changing world.' 
 
"Attendees will include US Secretary of State 
Condoleezza Rice; the World Bank head, Paul Wolfowitz; 
the IDB head, Luis Moreno; US Assistant Secretary for 
Latin American Affairs Thomas Shannon; USTR Rob 
Portman; Mexican Finance Minister Francisco Gil Diaz; 
and Uruguayan President Tabare Vazquez. 
 
"... Minister De Vido is also expected to attend a 
forum on investment opportunities in Argentina, which 
is being organized by the New York Council of 
Americas." 
 
- "The agony of globalization" 
 
Daily-of-record "La Nacion" carries an op-ed piece by 
Niall Ferguson, professor of History, University of 
Harvard, who writes (04/18) "Some believe we are 
witnessing the beginning of the end of 
globalization... 
 
"However, when US citizens start to question the 
direction of international economic integration, 
something serious is happening. 
 
"... The violent reaction against porous borders is 
not focused on the immigration problem: the US 
Congress is also attempting to toughen rules on 
foreign investment since the story emerged that US 
ports could be transferred to an Arab Emirates-located 
company." 
 
- "Humala's turn" 
 
Andres Oppenheimer, contributor to daily-of-record "La 
Nacion," writes (04/18) "Ollanta Humala, a former 
ultra-nationalistic military who won the first round 
of Peruvian presidential elections, seems to be 
turning to the center. During an interview, he 
asserted that if he is elected, he will neither 
expropriate private corporations nor amend press 
legislation, and he even admitted that, 'probably,' 
Cuba is not a democracy... 
 
"... I believe that Humala is a shrewd political 
leader that is better trained than I thought. I am not 
particularly worried about his economic line, which he 
could change in the future as he finds out that Peru 
will not grow without investment, but about the fact 
that he has distanced himself from his original sin - 
the military rebellion he led in 2000. 
 
"Why is this disconcerting? Because we are witnessing 
the same phenomenon first in Venezuela, then in 
Ecuador, now in Peru - an army official with political 
ambitions organizes a military rebellion, obtains 
publicity without spending a dime, gets out of prison 
by using radical rhetoric aimed at getting newspaper 
headlines, makes progress in opinion polls, runs for 
 
 
 
president and wins elections. 
 
"Breaking the rule of law is turning into a 
prescription for winning elections, which is a 
dangerous precedent." 
 
- "The IMF will not close its office in Argentina" 
 
Hugo Alconada Mon, Washington-based correspondent for 
daily-of-record "La Nacion," writes (04/18) "According 
to IMF sources, the IMF will retain its office in 
Buenos Aires as a way to keep in contact with the 
Argentine Government and to get information on the 
status of the country's economy. 
 
"The IMF issued a press release stating that the 
expert in charge of the office went back to Washington 
after having concluded his assignment and that the IMF 
office (in Buenos Aires) will not be closed as 
reported by a newspaper yesterday. 'The IMF 
representative residing in Argentina will be replaced 
by Andrew Wolfe as part of the IMF's staff usual 
rotation.'" 
 
- "The IMF reshuffles its role and deepens its own 
adjustment" 
 
Ana Baron, Washington-based correspondent for leading 
"Clarin," comments (04/18) "Tomorrow, the IMF will 
start holding its spring meetings knowing that its 
future is at stake - its image has deteriorated due 
its controversial role and its economic and financial 
prescriptions during the Argentine crisis and that of 
the Asian countries. Now it is confronted by a very 
different international framework than that under 
which it was created. 
 
"As a matter of fact, when (Argentine) Economy 
Minister Felisa Miceli lands in this city on Thursday, 
she will find out that IMF high-ranking officials 
themselves will pose the same questions that are being 
made by anti-IMF activists on the streets of the 
largest capital cities in the world... 
 
"What is at stake is not so much the adjustment 
program that the IMF has started to implement for 
itself since Brazil and Argentina canceled their 
debt... but basically the role to be played by the IMF 
in the international financial system." 
 
- "A key visit for markets" 
 
Business-financial "Ambito Financiero" reports (04/18) 
"The Dallas Federal Reserve president, Richard 
Fischer, will arrive in the country tomorrow to 
participate in a seminar organized by the Argentine 
Central Bank, and he will meet with Argentine 
government officials, bankers and businessmen. 
 
"The financier's opinions are very important because 
he acts as a member of the Open Market Federal 
Committee, which establishes US monetary policy. 
 
"... Fisher will lecture at Central Bank headquarters 
on the US role vis a vis the challenges faced by the 
world economy." 
 
To see more Buenos Aires reporting, visit our 
classified website at: 
http://www.state.sqov.gov/p/wha/buenosaires 
 
LLORENS